Thailand or Cambodia? Comparing 10 12 months visa programmes

Cambodia has launched a “My 2nd Home” programme to encourage international funding within the nation. The programme includes a 10 12 months lengthy “Golden Visa” with limitless entry and exit and different benefits. But how does it compare with Thailand’s 10 yr Long Term Resident visa?
Applicants for the “My 2nd Home” Golden Visa should be a international investor with an investment capital of no less than US$100,000 in Cambodia, own a “real estate project” in Cambodia and be a citizen of a rustic recognised by the Cambodian government. No educational qualifications or language proficiency are required. There isn’t any utility charge.
Benefits of Cambodia’s programme, accredited by the Ministry of Interior, include a 10 year visa with unlimited exit and entry to Cambodia and an choice to apply for Cambodian citizenship after 5 years. The programme is the only method for a foreigner to use for a Cambodian passport.
Foreign traders will benefit from Khmer Home Charity Association membership which can give them entry to insurance coverage and VIP medical treatment.
Details on the way to apply for the Golden Visa are outlined on Cambodia’s official “My 2nd Home” website. Applicants will receive their CM2H membership quantity in 7 days and the visa shall be processed inside 14 days.
A Cambodian spokesperson stated the Golden Visa is aimed toward international professionals, however rich retirees would even be thought of as lengthy as they meet the minimal investments…
“We will decide every software on its deserves somewhat than issuing lengthy checklists.”
The My 2nd Home website outlines a total of seven requirements to use for the ten yr Golden Visa…
Golden Visa Requirements
“1 – The applicant must be a citizen of a rustic or region acknowledged by the Cambodian government, regardless of race, faith, or gender,
2 – The applicant should acquire approval from the Ministry of Interior,
three – The applicant should be 18 years old and above,
four – The applicant must have an investment capital not less than USD a hundred,000 in Cambodia,
5 – The applicant should personal a real estate challenge approved by the government in Cambodia,
6 – The applicant is eligible to apply for a personal bank account and a trust account,
7 – The applicant does not require to submit proof of language competency test or academic qualifications.”
Thailand LTR Visa
Thailand presents a ten year “Long Term Resident” visa which also aims to draw international investment. In May, the appliance fee was halved from one hundred,000 baht to 50,000 baht.
The eligibility criteria for Thailand’s LTR visa is barely extra difficult, but not essentially extra demanding than Cambodia’s Golden Visa.
Thailand’s 10 yr visa is aimed toward foreigners who fall beneath 4 categories: 1) wealthy foreigners 2) retirees 3) working foreigners and 4) specialists. All teams are welcome to convey their spouse and as much as four kids, so long as the youngsters are beneath the age of 20.
Extraordinary have different requirements to get the visa…
Groups 1 & 2: Wealthy Foreigners and Retirees
Groups three & four: Working Foreigners and Specialists
For information about retirement visas in Thailand, click here..

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