WHAT IS LTR VISA
Thailand is introducing a new visa called “Long-Term Resident (LTR) Visa” which is a program that provides a range of tax and non-tax benefits to enhance the country’s attractiveness as a regional hub for living and doing business for ‘high-potential’ individuals. Today, Thailand is already home to multinational corporations from all over the world and one of the most important tourist destinations in Asia.
Thailand presents itself as a very attractive location for “work from anywhere” professionals. This new visa program is expected to attract new foreign residents, technologies and talents contributing to domestic spending and investment while supporting economic growth. The Thai government has set the target of attracting one million wealthy or talented foreign residents into the country over the next five years.
WHAT PRIVILEGES WILL BE OFFERED TO LTR VISA HOLDERS
10* years renewable visa Permission will be granted to stay in Thailand the first time for five years which can be extended for 5 more years if qualifications are met.
Exemption from 4 Thais to 1 foreigner employment requirement ratio
Fast Track Service at International Airports in Thailand
90-day report extended to 1-year report and exemption of re-entry permit
Multiple re-entry permit
Permission to work in Thailand (Digital Work permit)
17% Personal income tax for Highly-skilled professionals
Tax exemption for overseas income
Immigration and work permit facilitation services at One Stop Service Center for Visa and Work Permit
TYPES OF LTR VISA
There are four types of LTR visas designed to facilitate different types of individuals: Wealthy Global Citizen, Wealthy Pensioners, Work-from-Thailand Professionals, and Highly skilled Professionals. Spouse and children of LTR visa holder or applicants of any of the 4 types of visas are also eligible to apply for dependents’ visa.
NOTE FOR ALL VISA TYPES: Every condition and requirement must be maintained during the length of the visa, including investment amounts, employment status, bank account balances, and insurance coverage.
APPLICATION PROCESS OVERVIEW
LTR Visa Application Steps Overview from Application submission to visa issuance
Register and submit online an application for qualifications endorsement and supporting documents for LTR Visa.
After receiving complete and valid documents, the application will be registered and sent for the qualifications endorsement by relevant agencies (such as Immigration, Thailand’s Board of Investment, Department of Consular Affairs, etc.). Applicants will be notified of the qualifications endorsement result within 20 working days (processing time might take longer if additional documents are requested).
1. Applicants may be requested additional documents/information to support the consideration of the government agencies during this process.
2. Please be advised that any decision or judgment made by the government agency regarding the LTR Visa qualification endorsement result is considered final and binding.
Once approved, qualified applicants will be notified to submit additional information and documents for the pre-approval process, which takes 1-3 working days (processing time might take longer if additional documents are requested). After the pre-approval request has been approved, the applicant will receive the notification of the qualifications endorsement letter so that he/she can make an appointment for LTR Visa issuance at the Royal Thai Embassies/the Royal Thai Consulate Generals overseas or One Stop Service for Visa and Work Permit Center (Bangkok) within 60 days from the issuance date of the letter.
The processing fee for the 10-year visa with multiple entry is 50,000 Baht per person in case of collecting LTR Visa in Thailand. In the case of collecting LTR Visa at the Royal Thai Embassies/the Royal Thai Consulate Generals overseas or E-visa, the fee may vary and considerably be more expensive than 50,000 THB per person per 10 years. (The fee also depends on the currency exchange rate of each country.)
Work Permit Issuance
LTR Visa holders who work for an entity in Thailand are required to apply for permission to work immediately after receiving LTR Visa or before employment with an entity in Thailand starts
After LTR Visa issuance, LTR Visa holders are required to apply for a work permit for their employment in Thailand via LTR Visa application system. The process takes 3-5 working days (processing time might take longer if additional documents are requested).
Once the work permit request is approved, LTR Visa holders can make an appointment to collect the work permit at the Department of Employment at One Stop Service Center for Visa and Work Permit, Chamchuri Square Building, Bangkok. The processing fee is 3,000 Baht per year to maintain the work permit.
1. While the work permit request is still in process, LTR Visa holders are temporarily allowed to work in Thailand without the work permit.
2. Work permit will not be granted for Work-From-Thailand Professionals holders since foreigners under this LTR Visa category are applying for the purpose of working for foreign employer abroad remotely from Thailand. Therefore, the person do not have Thai employers according to the digital work permit purpose.