Thailand’s Cabinet has approved a special 10-year EEC visa for foreigners working in the Eastern Economic Corridor (EEC)
Thailand’s Cabinet has approved a special 10-year visa for executives and experts working in the Eastern Economic Corridor (EEC) to support the development of targeted industries in the country, reports Matichon.
Rudklao Intawong Suwankiri, deputy government spokesman, said the Cabinet accepted the proposal of the EEC office for the EEC visa, which aims to attract experts in various fields to work in the corridor.
This visa is valid for ten years and allows multiple entries and exits but does not exceed the duration of the employment contract. Initially, the visa allows entry and stay in Thailand for up to five years.
There are four categories for the EEC visa:
professionals (EEC ‘S’ visa)
executives (EEC ‘E’ visa)
Professionals (EEC ‘P’ visa)
Spouses and dependents (EEC ‘O’ visa)
In addition to the special visa, professionals living and working in the EEC can benefit from a particular personal income tax rate of 17 per cent, compared to the current progressive income tax rate in Thailand, which has a maximum rate of 35 per cent.
Rudklao said the VEC visa should help develop the country’s targeted industries and enhance national competitiveness.
Prime Minister Settha Thavisin has instructed the Ministry of Agriculture and Cooperatives to develop a plan to improve agricultural infrastructure to turn Thailand into a regional agriculture and food processing centre capable of tripling farmers’ income.
The prime minister’s order aligns with Thailand’s vision to become an agriculture and food hub contributing to global food security, said government spokesman Chai Wacharonke.
According to Chai, the prime minister has instructed various agencies to finalise plans for related projects by the end of May, with the Ministry of Agriculture and Cooperatives to submit detailed announcements by the end of this month and accelerate action by June.
The infrastructure improvement plan includes:
Making Thailand a world centre for plant genetics
improving water retention, drainage and irrigated areas, and accelerating the development of water sources for agriculture
soil testing
Promoting the proper use of fertilisers in all areas
Other issues include urgently combating agricultural burnout through satellite technology, developing plans and accelerating the production of disease-resistant cassava and disease control plans, and promoting coffee and cocoa, high-yielding crops, to reduce burnout in highland areas.
The Cabinet also approved a memorandum of understanding between Thailand and Saudi Arabia to promote agricultural cooperation between the two countries.
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