"elite card"

Elite Card has launched a new card aimed at attracting foreigners to invest 30 million baht in exchange for a work permit.

A Cabinet meeting on Tuesday approved the Flexible Plus programme for holders of Thailand Privilege Card, also known as Elite Card, to promote the investment in target industries and real estate business by foreigners with high purchasing power, said deputy government spokeswoman Traisulee Traisoranakul on Tuesday.

The Thailand Privilege Card Co is launching a new “Elite Flexible One” campaign, which will make it easier for foreigners to buy property in the country. A separate “Welcome Back to Amazing Paradise” campaign has been launched to bring back existing elite cardholders, so they can contribute to the revival of the economy.

Leading international property consultant, CBRE, which has been operating in Thailand for over 33 years, is joining up with Thailand Elite Card to help stimulate the economy by providing advice on investment opportunities.

While the Covid-19 pandemic has seriously affected many tourism and related businesses, the sales of "Elite Card" have surpassed the target.

Real estate developer AP (Thailand) Pcl and Thailand Privilege Card Co Ltd, operator of Thailand Elite membership card, recently signed a memorandum of understanding for a special collaboration on the Elite Flexible One programme.

The government's Centre for Economic Situation Administration (CESA) on Wednesday approved a plan to grant work permits to Elite Card holders who invest at least US$1 million in Thailand.

The Tourism Authority of Thailand (TAT) plans to boost foreign investment in real estate via its Elite Card long-stay visa programme, said governor Yuthasak Supasorn.

10% GROWTH IN MEMBERS, REVENUE TARGETED THIS YEAR