10-year visa to draw engineers and IT specialists, boost technology growth

Restricted -year visa scheme for rich foreigners and highly-skilled professionals is anticipated to draw engineers and IT consultants, doubtlessly boosting technology growth in Thailand as the country anticipates a scarcity of digital workforce over the following few years.
The long-stay visa scheme was approved in principle by the Thai Cabinet last month, concentrating on foreign investors, highly-skilled professionals and rich retirees in a bid to spice up the economic system. Chairperson of the Federation of Thai Industries, Supant Mongkolsuthree, advised the Bangkok Post that engineers and IT consultants must be given priority when applying for the brand new long-stay visa scheme.
“Engineers and IT consultants, together with other skilled professionals and wealthy people, should be given first precedence to receive the visas. We believe they can help help the Thai economy.”
When it comes to an anticipated shortage of an estimated 50,000 to one hundred,000 in the digital workforce, the visa scheme might assist draw in additional professionals specialised in blockchain, information science, and synthetic intelligence, according to Sam Tanskul, managing director at Krungsri Finnovate beneath the Bank of Ayudhya.
The price of around 10,000 expertise graduates every year isn’t sufficient to keep up with the rising demand within the digital workforce, he adds. More individuals within the know-how workforce can additionally be seen to be a benefit to local startups..

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