This initiative is based on an MOU to establish the Strategic Talent Center (“STC”) as a platform that engages with the private sector. STC is the mechanism that assesses foreign experts in digital technology and sciences who wish to live and work in Thailand. The applicant must be employed by a Thai employer such as a limited liability company, but there is no restriction in regards to registered capital or numbers of employees. The company should apply for the qualification / expertise recognition through STC, who will then refer the application to the relevant officials for final evaluation. Once the application is accepted, they will then be granted an annual visa and work permits.
On 2nd November 2012, Myanmar’s president Thein Sein signed into law the long-awaited new Foreign Investment Law which now includes a possibility for foreigners to hold 50-year land leases with two extensions of 10 years also being possible. Under the old regime, the maximum lease term for foreigners was limited to 30 years with two 15 years extensions.