Thailand Flexible Plus Program targets High-Net-Worth Investors
The program is supervised by the Thailand Privilege Card Co. Ltd, a state-owned company under the supervision of the Tourism Authority of Thailand (TAT), a government agency mandated to promote Thailand’s tourism industry.
Increase in Social Insurance Rates for Foreign Employees in Vietnam
Since January 1, 2022, Vietnam has increased the social insurance rates for foreign employees. Foreign employees will have to pay an eight percent rate, while employers contribute 17.5 percent to the social insurance fund.
The ‘2022 Annual Global Retirement Index’ ranks 25 countries according to the 10 categories of Housing, Benefits and Discounts, Visas and Residence, Fitting In/Entertain, Development, Climate, Healthcare, Governance, Opportunity, and Cost of Living.
Bangkok drops 12 places in global cost of living index
Thai cities have fallen in the rankings of the world’s most expensive locations for overseas workers globally, with Bangkok dropping 12 positions to 57th place, and all other Thai cities moving out of the top 125 locations globally.
Thailand Approves Package to Attract Wealthy Foreigners and Professionals
Thailand’s Cabinet has approved an economic stimulus and investment promotion package aimed at attracting wealthy foreigners and highly skilled professionals from overseas to help revive the post-COVID economy.
Bangkok falls 19 places to 49th most expensive location worldwide
Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major drops in the rankings. Bangkok has fallen 19 places to 49th, while Hanoi saw a similar drop of 12 places to 81st.
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