Thailand’s cabinet on Tuesday approved a bill allowing foreigners to buy up to one rai—the Thai equivalent of 0.4 acre—of land and houses if they invest 40 million baht ($1.1 million) in the country over three years.
The Interior Ministry put forward the proposal, which is aimed at wealthy expats, retirees, and digital nomads who want to reside in Thailand, as well as highly skilled professionals, Bangkok Post reported.
