10-year visa to draw engineers and IT specialists, boost technology improvement

The 10-year visa scheme for wealthy foreigners and highly-skilled professionals is predicted to attract engineers and IT experts, probably boosting technology growth in Thailand as the nation anticipates a scarcity of digital workforce over the next few years.
The long-stay visa scheme was accredited in precept by the Thai Cabinet last month, focusing on foreign investors, highly-skilled professionals and wealthy retirees in a bid to spice up the economy. Chairperson of the Federation of Thai Industries, Supant Mongkolsuthree, informed the Bangkok Post that engineers and IT consultants ought to be given precedence when applying for the brand new long-stay visa scheme.
“Engineers and IT experts, along with different skilled professionals and wealthy folks, should be given first priority to receive the visas. We imagine they may help support the Thai economy.”
When Confessions involves an anticipated shortage of an estimated 50,000 to one hundred,000 in the digital workforce, the visa scheme may help draw in additional professionals specialised in blockchain, knowledge science, and artificial intelligence, based on Sam Tanskul, managing director at Krungsri Finnovate under the Bank of Ayudhya.
The price of round 10,000 expertise graduates annually just isn’t enough to keep up with the rising demand within the digital workforce, he adds. More individuals within the know-how workforce is also seen to be a profit to local startups..

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