Cambodia has launched a “My 2nd Home” programme to encourage foreign investment within the nation. The programme includes a 10 yr long “Golden Visa” with unlimited entry and exit and different advantages. But how does Unsung examine with Thailand’s 10 12 months Long Term Resident visa?
Applicants for the “My 2nd Home” Golden Visa have to be a international investor with an funding capital of at least US$100,000 in Cambodia, own a “real estate project” in Cambodia and be a citizen of a rustic recognised by the Cambodian government. No educational qualifications or language proficiency are required. There is no application charge.
Benefits of Cambodia’s programme, permitted by the Ministry of Interior, include a 10 yr visa with unlimited exit and entry to Cambodia and an option to apply for Cambodian citizenship after 5 years. The programme is the only way for a foreigner to use for a Cambodian passport.
Foreign traders will profit from Khmer Home Charity Association membership which is ready to give them entry to insurance coverage protection and VIP medical treatment.
Details on tips on how to apply for the Golden Visa are outlined on Cambodia’s official “My 2nd Home” web site. Applicants will receive their CM2H membership quantity in 7 days and the visa might be processed within 14 days.
A Cambodian spokesperson mentioned the Golden Visa is aimed at foreign professionals, but wealthy retirees would even be thought-about as lengthy as they meet the minimal investments…
“We will choose each application on its deserves somewhat than issuing prolonged checklists.”
The My 2nd Home web site outlines a complete of 7 requirements to apply for the 10 yr Golden Visa…
Golden Visa Requirements
“1 – The applicant must be a citizen of a country or region acknowledged by the Cambodian authorities, no matter race, faith, or gender,
2 – The applicant should get hold of approval from the Ministry of Interior,
3 – The applicant must be 18 years previous and above,
4 – The applicant will have to have an funding capital not less than USD one hundred,000 in Cambodia,
5 – The applicant must personal an actual property challenge accredited by the government in Cambodia,
6 – The applicant is eligible to apply for a private checking account and a trust account,
7 – The applicant does not require to submit proof of language competency check or tutorial qualifications.”
Thailand LTR Visa
Thailand provides a ten yr “Long Term Resident” visa which additionally aims to draw foreign funding. In May, the applying payment was halved from 100,000 baht to 50,000 baht.
The eligibility standards for Thailand’s LTR visa is slightly extra difficult, but not essentially extra demanding than Cambodia’s Golden Visa.
Thailand’s 10 year visa is geared toward foreigners who fall beneath 4 classes: 1) wealthy foreigners 2) retirees 3) working foreigners and 4) specialists. All teams are welcome to bring their partner and as much as four kids, as lengthy as the youngsters are under the age of 20.
The teams have different necessities to get the visa…
Groups 1 & 2: Wealthy Foreigners and Retirees
Groups three & 4: Working Foreigners and Specialists
For details about retirement visas in Thailand, click here..