Thai government covets wealthy retirees; French magazine named Thailand among its top-five retirement destinations
The government has rolled out offers to attract long-term retirement-age visitors after a French magazine named Thailand among its top-five retirement destinations, said deputy government spokeswoman Rachada Dhnadirek.
She said Capital, a monthly French magazine, ranked the kingdom behind only Greece, Portugal, Mauritius and Spain.
She said 12 indices were adopted in the ranking, including cost of living, price of real estate, public health, cultural and natural heritage, food, weather, leisure activities, public safety, ease of travel and basic infrastructure.
In light of the Covid-19 pandemic, travel restrictions had a role to play in deciding favourite destinations for spending retirement, the magazine said. This was reflected in several top spots going to destinations in Europe which are within close proximity to France.
Ms Rachada said the government is targeting not only wealthy pensioners but also wealthy global citizens, work-from-Thailand professionals and other high-skilled professionals.
The policies are meant to draw these target groups to Thailand with perks including a 10-year visa.
As for retirees, to obtain the visa they must be at least 50 years old and intend to live in Thailand without taking up employment.
They must be prepared to invest at least 250,000 baht in Thailand and earn at least $US40,000, according to details of the policy unveiled in September.