The country’s prime minister, Prayuth Chan-ocha, reportedly announced the plans during a televised address on Monday (11 October).
He said the decision "comes with some risk", but claims the move is a "key step" in reviving the country’s tourism sector.
The 10 nations seen as low risk include the UK, China, Germany and the US.
According to the BBC, travellers will be required to show proof of a negative PCR test taken before departure and take a second test on arrival.
If the second test is also negative, visitors from the 10 countries will be able to freely move around the country, the PM said.
However, he warned that the government would "act decisively" if there was a spike in infections or an emergence of a highly contagious variant of Covid.
The country has reportedly fully vaccinated around 33% of its population of 70 million people and around half have received their first dose.