Thursday 21 October 2021
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scmp - 8 days ago

Can Thailand beat Malaysia and Singapore in the race to lure wealthy foreigners?

Thailand wants wealthy foreigners to settle down in the Southeast Asian nation after the pandemic, and is looking to lure them with possible perks including longer-term leases and tax remittances – but analysts are unsure whether the scheme can rival similar packages from the likes of Malaysia and Singapore.The latest scheme, approved by the cabinet in September, is aimed at attracting 1 million “wealthy global citizens” within five years by issuing them special long-term resident visas,…


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