Video Briefing

Wealthy Expat: Thailand Elite Visa is CLOSING! What You Need to Know

Aug 14, 2023Video Briefing3:29Watch on YouTube

The Thai Elite Visa – a long‑term residency program that offers visa‑free entry, VIP immigration services, and access to exclusive events – is undergoing a major overhaul. Applications close on 15 September 2023, reopen on 1 October 2023, and the program will introduce higher fees, stricter due‑diligence checks, and tighter nationality restrictions.

Application window

  • Closing date: 15 September 2023
  • Re‑opening date: 1 October 2023

Expected fee increases

Visa term Current fee Expected increase New approximate fee
5‑year 600 000 Baht (≈ US $18 000) +300 000 Baht (≈ US $10 000) 900 000 Baht (≈ US $28‑30 000)
20‑year 2.14 million Baht (≈ US $64 000) +2.86 million Baht (≈ US $81 000) 5 million Baht (≈ US $145 000)

The figures are based on information from Siam Legal, a Thai law firm that advises on the Elite program. The increases are described as “rumors” but are widely reported within the expatriate community.

Upgrade deadline

Existing Elite Visa holders who wish to upgrade to a longer‑term option must submit their upgrade request by 15 August 2023. After this date, upgrades will no longer be accepted under the current terms.

Nationality restrictions

Applicants from several countries are currently barred from the Elite program:

  • Africa & Middle East: Egypt, Lebanon, Palestine, Syria
  • Asia: Pakistan, Sri Lanka, Nepal

These restrictions may be expanded as the program tightens its eligibility criteria.

Broader context

The Thai Elite Visa changes reflect a global trend in which residency and citizenship‑by‑investment schemes are raising fees, tightening eligibility, and periodically closing and reopening application windows. Prospective applicants are advised to act promptly to secure current pricing and avoid additional regulatory hurdles.

Key take‑aways for potential applicants

  • Submit the application before the 15 September deadline to lock in existing fees.
  • Consider the 5‑year option if the projected increase to ~US $30 000 is acceptable; the 20‑year option now costs ~US $64 000 but may more than double.
  • Verify eligibility based on nationality, as several countries are excluded.
  • Existing visa holders should file any upgrade request before 15 August to avoid missing the window.

Acting quickly can preserve the current cost structure and reduce exposure to the upcoming stricter due‑diligence requirements.