LTR Visa Thailand

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

LTR visas will be offered to four categories of individuals: Wealthy Global Citizens, Wealthy Pensioners, Work-from-Thailand Professionals, and Highly-Skilled Professionals. Spouses and dependents of LTR visa holders will also qualify for the same visas.

Wealthy individuals holding at least USD 1 million in assets

At least USD 1 million in assets

Personal income of a minimum of USD 80,000/ year in the past two years

Investment of at least USD 500,000 in Thai government bonds, foreign direct investment, or Thai property

Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit

Applicants must fulfill all of the above requirements to be eligible for Wealthy Global Citizens application

Retirees aged 50 years and older who have an annual pension or stable passive income

Personal income of at least USD 80,000/year at the time of application

In case of personal income below USD 80,000/year but no less than USD 40,000/year, applicants must invest at least USD 250,000 in Thai government bonds, foreign direct investment, or Thai property

Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit

Personal income under LTR : Wealthy Pensioners’ definition is “unearned income such as a pension, rental, stock/share, dividend, etc”. Earned income (salary) will not be considered eligible income for LTR: Wealthy Pensioners application.

Remote workers working for well-established overseas companies

Personal income of a minimum of USD 80,000 / year in the past two years

In case of personal income below USD 80,000/year but no less than USD 40,000/year in the past two years, applicants must have a Master’s degree or above or own intellectual property or receive Series A funding

Public company on a stock exchange or; Private company in operation for at least three years with combined revenue at least USD 150 million in the last three years

At least 5 years of work experience in the relevant fields of the current employment over the past 10 years

Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit

Professionals or experts in targeted industries working for business entities or higher education institutes or research centers or specialized training institutions in Thailand or Thai government agencies

Personal income of a minimum of USD 80,000 / year in the past two years

In case of personal income below USD 80,000/year but no less than USD 40,000/year in the past two years or before retirement, applicants must have a Master’s degree or above in science and technology or special expertise relevant to the job assignment in Thailand

No minimum personal income for professionals working for Thai government agencies

Business in any targeted industries

Higher education institution, research institution, specialized training institution, or Thai government agency

At least 5 years of work experience in the targeted industries except for applicants with a PhD or above in the relevant fields of the targeted industries or applicants working for Thai government agencies

Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit

Spouse and children under 20 years old of LTR visa holders
(Maximum 4 dependents in total per one LTR visa holder)

Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 25,000 deposit

Must be the legal dependants (spouse and children). (Same-sex marriage or partnerships are not yet currently recognized by the law of Thailand.)

The children will be granted LTR Visa until 20 years of age

APPLICATION PROCESS

Visa Application and Issuance

1

Application Submission

Register and submit online an application for qualification endorsement for LTR Visa and supporting documents.

2

Qualifications Endorsement

Within 20 working days after having received complete documents, applicants will be notified of the result.

3

Visa Issuance

Qualified applicants may proceed with applying for LTR Visa issuance at the Royal Thai Embassies/the Royal Thai Consulate Generals overseas or Immigration offices in Thailand within 60 days from the issuance date of the endorsement 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, fee may vary depending on the currency exchange rate of each country.

4

Digital Work Permit Issuance

Applicants who work in Thailand, may collect digital work permits at the Department of Employment at One Stop Service Center for Visa and Work Permit, Chamchuri Square Building, Bangkok or provincial labour offices. The processing fee is 3,000 Baht per year to maintain digital work permit.