Investment Insights

Is the Elite Flexible One membership card right for me?

BY Bridge Estate

With COVID-19 continuing to affect all corners of the globe, organizations everywhere are looking for ways to encourage investment and boost the local economy. On 1 January 2021, Thailand Privilege Card Co., Ltd., the operator of the Thailand Elite Card, launched on such program – a new private membership card called Elite Flexible One. This program is run together with the Tourism Authority of Thailand (TAT) and the Center for Economic Situation Administration (CESA) and aims to stimulate the local property sector and economy by attracting foreign investors.

What is Elite Flexible One?
Elite Flexible One is a private membership program designed to draw foreign investment back to the Thai property market by offering a variety of benefits to investors who spend at least THB 10 million on a new condo-style property. This new investor-focused scheme will run from 1 January 2021 – 31 December 2022 and include such perks as a free Thailand Elite Card membership (valued at THB 600,000) and a 5-year multiple entry visa.

What are the benefits of Elite Flexible One?
Qualifying investors are automatically granted Thailand Elite membership and a 5-year Privilege Entry visa which grants you the ability to leave and return to the country as often as you like during that period. These visas can be further extended to up to 20 years for additional fees as laid out in the program’s terms and conditions.

Investors will also enjoy a number of additional benefits, including the following:

  • Access to Elite Personal Assistants 12 times per year at the airport, which includes a VIP greeting and an expedited immigration and passport process
  • Access to the VIP departure lounge at the airport 6 times per year
  • Access to the Elite Personal Liaison once a year for expedited government services, such as immigration, issuing a driver’s license or opening a bank account
  • 90-day immigration reporting service 4 times per year 
  • Special discounts for shopping, golfing, hospitals, restaurants, spas, hotels and more
  • Access to the Member Contact Center with 24-hour English service. Korean, Japanese and Mandarin-speaking services are also available from 6am-9pm (GMT+7)

What is required to join Elite Flexible One?
If this does seem like the right path for you, interested applicants must still meet a series of necessary qualifications and are subject to a background check and final approval by Thailand Privilege Co., Ltd.

So, what else do you need to do to be considered for Elite Flexible One membership?

Here is the list of requirements:

  • Applicants must show proof of ownership of a completed and qualifying condominium unit in Thailand. This property must be worth at least THB 10 million and be listed with a developer who is part of the Elite Flexible One program.
  • Applicants need to show proof of bank transfer for the qualifying property.
  • Applicants may not sell, transfer or mortgage the property within 5 years. You must also provide proof of ownership each year during this period.
  • Applicants must be at least 20 years old and hold a foreign passport

To learn more about Elite Flexible One and other property investment opportunities in Thailand, please feel free to get in touch with one of our experienced agents.

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