Thaksin Shinawatra suggests $1 million deposit-based residency scheme to boost Thailand’s economy
In a bold move to stimulate Thailand’s economy and tourism, former Prime Minister Thaksin Shinawatra has proposed launching a ‘golden visa’ programme that would offer long-term residency to wealthy foreigners willing to invest $1 million (₹8.63 crore) in the country. The proposal, he claims, could attract up to 600,000 high-net-worth individuals, reported english.gujaratsamachar.com.
Visa plan aimed at boosting GDP and slashing debt
The proposed golden visa is part of a larger strategy to drive GDP growth, reduce national debt, and position Thailand as a top destination for global investors and long-term tourists.
Speaking at the ‘Unlocking Thailand’s Future’ conference hosted by Mcot Plc, Thaksin said the initiative could potentially inject billions into Thailand’s economy, which currently stands at $500 billion (₹86.3 lakh crore). He framed the plan as a strategic economic driver that aligns with the country’s post-pandemic rebound.
According to the International Monetary Fund, Thailand’s economy is expected to grow by 2.9% in 2025, supported by reviving tourism, private consumption, and public investment. Inflation is forecasted to remain within the central bank’s target range, while the country’s current account balance is also projected to improve
Thaksin further proposed that Airports of Thailand Pcl (AOT) increase the passenger service charge by up to 300 baht ($9.22) per traveller — a 40% hike from the current rate — as part of broader efforts to boost aviation revenues.
Following reports of the potential fee hikes and additional revenue measures like transit, transfer, and parking charges, AOT shares surged 11%, marking their highest closing since March.
