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.

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 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

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.)

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.

LTR VISA


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