Your Gateway to Living and Working in the Land of Smiles
Thailand is rolling out a new visa initiative, the Long-Term Resident (LTR) Visa, aimed at attracting high-potential individuals to live and contribute to the country's growth. This visa offers a range of tax and non-tax benefits, making Thailand an even more attractive destination for global citizens, retirees, remote workers, and highly skilled professionals alike.
Types of LTR Visas
1. Wealthy Global Citizens
Eligibility
Own at least USD 1 million in assets.
Minimum average personal income of USD 80,000 annually for the past two years.
Invest at least USD 500,000 in Thai government bonds, Thai companies, or Thai property.
Maintain health insurance of USD 50,000 coverage or equivalent social security benefits.
Maintain a bank balance of USD 100,000 under the applicant's name for 12 months.
2. Wealthy Pensioners
Eligibility
Retirees aged 50 years and above.
Minimum annual unearned or passive income of USD 80,000.
Alternatively, make additional investments of USD 250,000 in Thai government bonds, Thai companies, or Thai property.
Maintain health insurance of USD 50,000 coverage or equivalent social security benefits.
Maintain a bank balance of USD 100,000 under the applicant's name for 12 months.
3. Work-from-Thailand Professionals
Eligibility
Minimum average personal income of USD 80,000 annually for the past two years.
Employment contract with a public company listed on a stock exchange or a private company operating for at least 3 years with a minimum combined revenue of USD 150 million over the last 3 years.
At least 5 years of relevant work experience in the past 10 years.
Health insurance of USD 50,000 coverage or equivalent social security benefits.
Maintain a bank balance of USD 100,000 under the applicant's name for 12 months.
4. Highly Skilled Professionals
Eligibility
Minimum average personal income of USD 80,000 annually for the past two years.
Employment in targeted industries such as higher education, research centers, specialized training institutions, or Thai government agencies.
Proof of expertise in specified fields or a master's degree or higher in sciences and technology.
Health insurance of USD 50,000 coverage or equivalent social security benefits.
Maintain a bank balance of USD 100,000 under the applicant's name for 12 months.
Spouses and Dependents
Eligibility
Spouses and children under 20 years old can apply as dependents.
Each dependent must have health insurance of USD 50,000 coverage or equivalent social security benefits.
Maintain a bank balance of USD 25,000 per dependent under the applicant's or dependent's name for 12 months.
Dependents must be legal spouses or children of the LTR Visa holder.
Application and Requirements
Applicants must meet specific financial, investment, income, and health insurance requirements depending on the visa type.
Documentation includes proof of income, investments, health insurance, and a clean criminal record.
Applications can be submitted at Thai embassies or consulates abroad or within Thailand.
Benefits for LTR Visa Holders in Thailand
Long-Term Residence and Renewability
10-Year Visa LTR Visa holders can initially stay in Thailand for up to five years, with the option to renew for an additional five years upon meeting renewal criteria.
Employment Flexibility
Exemption from Employment Ratio Enjoy a relaxed employment regulation, allowing businesses to hire up to four foreign employees per one Thai national employed.
Travel Convenience
Fast Track Services Access expedited immigration services at international airports across Thailand, ensuring a seamless arrival and departure experience.
Simplified Reporting and Travel
Extended Reporting Period Replace the standard 90-day reporting requirement with an annual report, streamlining administrative tasks for visa holders.
Multiple Re-entry Permit Travel in and out of Thailand without the hassle of reapplying for a re-entry permit each time.
Work Authorization
Permission to Work Obtain a digital work permit, facilitating legal employment in Thailand without additional paperwork hassles.
Tax Advantages
Personal Income Tax Highly skilled professionals benefit from a reduced personal income tax rate of 17%.
Tax Exemption Enjoy exemption on overseas income, enhancing financial efficiency and savings.
Support Services
Facilitated Services Access dedicated immigration and work permit support through the One Stop Service Center, ensuring efficient processing and compliance with regulations.
The Long-Term Resident (LTR) Visa program in Thailand offers a flexible and attractive option for individuals looking to live, work, or retire in the Kingdom. Whether you're a global citizen, a retiree seeking warmth and hospitality, a remote worker exploring new horizons, or a highly skilled professional contributing to innovation, Thailand welcomes you with open arms.
For personalized guidance and assistance with your LTR Visa application, contact us at Thai Business and Relocation. Let us help you navigate the path to your new life in Thailand!
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