Cambodian CM2H vs. Thailand Golden Visa Programs 2023
In this article, we will discuss the 10-year residence visa programs offered by Thailand and Cambodia – the Cambodian CM2H program and the Thailand Long Term Resident Visa. Both programs aim to attract foreign investment and offer a variety of benefits to their participants. We will provide an overview of each program's requirements, benefits, and key differences to help you decide which program might be the best fit for your investment goals.
Asia has emerged as an investment haven for both local and foreign investors due to its strong economic growth and a plethora of opportunities. As a result, many Asian countries have introduced residency programs to attract foreign investors. Two such programs are the Cambodian CM2H and Thailand Golden Visa Programs, which offer 10-year residence visas to eligible applicants.
2. Thailand Long-Term Resident Program (Thailand Golden Visa)
The Thailand Long-Term Resident (LTR) program is a newly launched initiative designed to attract wealthy and talented foreign residents to help boost the country's economy. The LTR visa targets four categories of foreigners, each with its own requirements, including wealthy global citizens, wealthy pensioners, work-from-Thailand professionals, and foreign experts with special skills.
Key benefits of the Thailand LTR program include:
- 10-year renewable visa divided into two 5-year terms
- Multiple entry privileges
- Reduced personal income tax rates for highly skilled visa holders
- Ease of working with relaxed requirements for work permits
3. Cambodia My 2nd Home (CM2H) Program
The Cambodia My 2nd Home (CM2H) program is a government-approved initiative aiming to compete with similar programs in the South East Asian region. To be eligible for the CM2H program, applicants must invest a minimum of $100,000 in Cambodia and own a government-approved Cambodian real estate project.
Some of the significant benefits offered by the CM2H program include:
- Pathway to Cambodian citizenship after five years
- Ease of working with professional assistance in various personal and work-related matters
- One-year free medical insurance and VIP access at Cambodian airports
4. Cambodia My 2nd Home Program vs. Thailand LTR Program
Comparing the two programs, the Thailand LTR program appears more detailed and offers a wider range of benefits. The CM2H program is more flexible, with fewer requirements for medical coverage and offshore capital proof. However, the CM2H program offers a pathway to citizenship after five years, while the Thai LTR visa does not.
Thailand, with its more powerful passport, offers a well-established residence program in the form of the Thailand Elite Residence Program, which caters to high-net-worth individuals seeking long-term residence visas with exceptional privileges.
Both Cambodia and Thailand are making efforts to attract foreign investment through their respective residency programs. While Thailand offers a more comprehensive range of options, Cambodia's CM2H program provides a more straightforward pathway to citizenship. Ultimately, the choice between the two programs depends on individual needs and preferences.
With a multitude of residency and citizenship by investment programs available worldwide, finding the right one can be challenging. Engaging the services of a professional consultancy can help you identify the program that best suits your requirements and investment goals.