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The Thailand Elite Flexible One Membership Card

Transcript of the above video:

As the title of this video suggests we are discussing the Thailand Elite program.

For those who are unaware, the Thailand Elite program, first of all it is a private membership program. It is run on a For Profit basis. Basically it is a private company, The Privilege Company and long story short is it does have certain concessions with respect to Immigration that can provide visa benefits to folks. That being said, for those who are looking to come to Thailand long term, it may be a good idea to explore all of your options, possibly contact a legal professional in order to gain some insight and guidance associated therewith. 

That stated, as we note in this video, we are discussing what appears to be a rather new form, a new manifestation or iteration of the Elite Program, the Elite Flexible One Membership Card. In a recent article from the Nation, that is, the article is titled: Dozens of Developers to Join Visa for Property Scheme, TPC. Quoting directly: "To be eligible for an Elite Flexible One Membership Card, applicants must spend at least 10 million Baht on a condo style property under the scheme. Elite Flexible One Cards will be issued for a period of 2 years from January 1, 2021 to December 31, 2022." So first of all, when they say that 2 year period, I think they mean they are going to issue out these visas. It is our understanding these visas have a 5-year validity once they are issued. The other thing to note is this appears to be being brought or promulgated with the idea in mind of spurring the Thai property market specifically with respect to condos and those who buy a Thai Condo that meets the requirements associated with this program could obtain a 5-year Visa associated simply with the purchase of the condo itself. 

We will keep you updated on the situation as it evolves on this channel.