The Eastern Economic Corridor (EEC) Development Policy Committee has announced that starting in January 2024 they will offer EEC visas and work permits to foreign national employees and families of qualified investor companies. Both existing companies and potential investor companies will be able to apply for EEC visas and work permits subject to approval by the EEC. To qualify, the companies must operate within the EEC promotion zone and be approved in one of the 12 targeted industries. Companies investing in eco-friendly industries in the three eastern seaboard provinces of Chachoengsao, Chonburi and Rayong will be able to sponsor four different categories of visas: specialists, executives, professionals and spouses/dependents. Depending on the employment contract with the company, the visa and work permit could have a maximum duration of up to 10 years. The specific requirements and criteria for the company to receive the incentives for its employees, including EEC work permits, visas and 17% personal income tax rate, will be announced in January 2024.
This alert is for informational purposes only. If you have any questions, please contact the global immigration professional with whom you work at Fragomen or send an email to [email protected].
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