The Eastern Economic Corridor visa

TagsLegal

The Thai Cabinet recently approved the Eastern Economic Corridor (“EEC”) visa and work permit programme to attract foreign specialists and executives in various fields to work within the EEC.

The targeted industries include:

Future Automotive
Smart Electronics
Health Tourism
Agriculture and Biotechnology
Food for the Future
Robotics and Automation
Aviation and Logistics
Bio-fuels and Bio-chemicals
Medical Services

This policy aims to boost overall growth and encourage investment, particularly in the Digital Industry and Innovation Promotion Zone (Digital Park Thailand or EECd) under the Ministry of Digital Economy and Society. The EECd project was established with the following objectives:

Enhance the capabilities of Thailand’s digital industry.
Support and promote digital technology and innovation.
Upgrade and develop the existing ICT industry into the New S-Curve Digital Industry.
Develop the zone as a centre for trade and investment in digital innovation industries

Types of EEC visas The EEC visa programme offers four categories:

S for Specialists
E for Executives
P for Professionals
O for Others (Spouses and Dependents)

Benefits of the EEC visa

EEC visa holders enjoy several advantages:

Maximum 10-year visa: The EEC visa is valid for up to 10 years, based on the length of the employment contract. Upon initial entry to Thailand, however, the visa holder will receive a stamp valid for up to five years. Extensions can then be obtained for additional five-year periods.
Multiple re-entry: Unlimited re-entries throughout the validity period.
Simplified procedures: Issuance of the EEC work permit, online reporting options, and fast-track lane at Thai international airports.
17% flat income tax rate: EEC visa holders are taxed at a reduced personal income tax rate, set at a flat 17%.
Family sponsorship: EEC visa holders can sponsor their spouse and dependents to live in Thailand.

Official fees

There are two official fees associated with the EEC visa programme: