The 10-year digital nomad visa aims at attracting highly skilled and wealthy digital nomads to Thailand, primarily from advanced economic counties. Ultimately, it is their attempt in hopes of regaining pre-pandemic growth rates in the tourism industry of Thailand.
Thailand’s economy suffered greatly from the decline in foreign tourists caused by COVID-19 travel restrictions over the last couple of years. According to Mckinsey, The international passengers flying to Thailand dropped by 95% in 2021, compared to the previous year. During Covid-19, the country encountered a great downturn in the tourism sector which accounts for 10% of the country’s entire GDP.
As a result, the Thai government is now making a tremendous effort to recover from the Covid-19 recession. Particularly, the recovery of the tourism sector appears to be a top priority of the country.