Thailand to Increase Prices for Its Elite Golden Visa Scheme

The Thai Elite Program has undergone significant changes, with the previous Elite visa being replaced by an exclusive Reserve Card, available to a limited number of individuals. The Elite visa was priced at one million baht, whereas the new Reserve Card, which is available to just 100 new members each year by invitation only, costs five million baht. Holders of the Reserve Card can extend it for five years, each time at ten percent of the card's current value. The former Elite visa has been rebranded as the Gold Card, priced at 900,000 baht. Other options include the Diamond Card, which is valid for 15 years at a cost of 2.5 million baht, and the Platinum Card, which offers a ten-year validity for 1.5 million baht.

The Thai Elite Program has significantly contributed to the country's economy and attracted a substantial number of members. It currently has 31,500 members and has brought more than 50 million baht to the nation's economy. The program aims to increase its membership by 10,000 in the next year under the new scheme. The existing Thai Elite package can be applied for until September 15, with the new packages expected to be available in October. Previously, the Thai Privilege Card (TPC) set a goal of acquiring 10,000 new members in the fiscal year ending on September 30. They particularly aim to attract nationals from China following the reopening of borders. From October 1 to March 31, TPC sold just over 5,000 memberships, generating 3.1 billion baht in revenue.

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