It’s classified as a tourist visa so working isn’t recommended. More details from the source here.
Right now, Southpoint development in Pattaya is offering a 20 year residence visa (5 year multiple-entry visa, renewable up to 3 times). Depending on the success of this program, other developments may start offering similar visas in the future.
What kind of visa is Southpoint offering? Is it a NON-B visa or a proper Permanent Residency visa. It sounds interesting!