After the Russian attack, markets and capital are shifting. As a result, Thailand seeks Hong Kong’s talent and capital – and Thailand is one of them.
Recently, the Tahilandese cabinet approved a digital nomad visa scheme. From September 1, the Long-Term Resident (LTR) visa will be open to:
- Wealthy global citizens
- Wealthy pensioners
- Work-from-Thailand professionals
- Highly skilled professionals
As Tourism Minister Phiphat Ratchakitprakarn said: “The internet in Bangkok and many big cities is very fast. Thailand offers service and atmosphere and a relatively low cost of living. We do not tax digital nomads. Their income is generated overseas.”
Now, Thailand seeks Hong Kong’s talent and capital. Usually, people from Hong Kong move to countries like Canada; Australia; New Zealand; the United States; or the UK. So, this visa scheme is a new strategy to attract visitors to the city.
Southeast Asia and Taiwan offer an affordable lifestyle and plenty of initiative for slow travelers. So, the main reason for launching the LRT visa was to cope with COVID restrictions and consequences. After the latest events, it is also a strategy to attract different professionals.
To conclude, the country has always been one of the most popular destinations for digital nomads. And now, it might become the new home for Hong Kong’s talent and capital.