Thailand or Cambodia? Comparing 10 12 months visa programmes

Cambodia has launched a “My 2nd Home” programme to encourage foreign investment in the nation. The programme includes a 10 year long “Golden Visa” with unlimited entry and exit and other benefits. But how does it evaluate with Thailand’s 10 yr Long Term Resident visa?
Applicants for the “My 2nd Home” Golden Visa should be a foreign investor with an investment capital of at least US$100,000 in Cambodia, personal a “real property project” in Cambodia and be a citizen of a country recognised by the Cambodian authorities. No tutorial qualifications or language proficiency are required. There is not any application payment.
Benefits of Cambodia’s programme, accredited by the Ministry of Interior, embrace a 10 yr visa with unlimited exit and entry to Cambodia and an possibility to use for Cambodian citizenship after 5 years. The programme is the only way for a foreigner to apply for a Cambodian passport.
Foreign buyers will benefit from Khmer Home Charity Association membership which can give them entry to insurance coverage coverage and VIP medical therapy.
Details on the way to apply for the Golden Visa are outlined on Cambodia’s official “My 2nd Home” website. Economical will receive their CM2H membership quantity in 7 days and the visa will be processed inside 14 days.
A Cambodian spokesperson said the Golden Visa is aimed toward foreign professionals, but rich retirees would even be thought of so long as they meet the minimal investments…
“We will decide every application on its merits somewhat than issuing prolonged checklists.”
The My 2nd Home website outlines a total of seven necessities to apply for the 10 year Golden Visa…
Golden Visa Requirements
“1 – The applicant should 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,
three – The applicant have to be 18 years outdated and above,
4 – The applicant should have an investment capital not less than USD 100,000 in Cambodia,
5 – The applicant must personal an actual estate project permitted by the government in Cambodia,
6 – The applicant is eligible to use for a personal bank 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 offers a 10 yr “Long Term Resident” visa which additionally goals to draw foreign funding. In May, the appliance payment was halved from 100,000 baht to 50,000 baht.
The eligibility standards for Thailand’s LTR visa is slightly more difficult, however not necessarily more demanding than Cambodia’s Golden Visa.
Thailand’s 10 12 months visa is geared toward foreigners who fall beneath 4 classes: 1) rich foreigners 2) retirees 3) working foreigners and 4) specialists. All groups are welcome to bring their spouse and up to four youngsters, so long as the youngsters are underneath the age of 20.
The groups have different necessities to get the visa…
Groups 1 & 2: Wealthy Foreigners and Retirees
Groups 3 & 4: Working Foreigners and Specialists
For details about retirement visas in Thailand, click on right here..

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