Thailand has launched a new Long-Term Resident Visa (LTR), which come into effect on 1 September 2022 onwards, this program is granted for 10 years visa to attract a high potential foreigner such as Investor, Highly skilled worker, Work Remotely, Retirees to living and doing business with long-term resident.
Thailand’s Long-Term Resident Program (LTR) visa
What is Long-Term Resident Visa for Professionals in Thailand?
The success applicant will be eligible for various benefit
- 10-year visa with multiple re-entry permit
- An exemption from the usual company 4 Thais to1 foreign worker requirement ratio
- Fast track immigration service at Thai international airports
- 90 report allows once time a year
- Reduce income tax rates to 17 % for Highly-skilled Professional
- Depart and re-enter Thailand without the need for a re-entry permit
- Obtain a Digital Work permit
- Eligible for tax exemption for overseas income
- Opening a Bank Account in Thailand
- Permitted 4 family members include spouses, parents, and children
With LTR visa program aims to streamline in navigating Thai regulations for foreign residents to consider Thailand as a key investment destination and making the country more appealing to foreign experts while supporting economic growth.
Eligible Applicants for Long-Term Resident (LTR) Visa
There are 4 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.
Wealthy Global Citizens
Wealthy individuals holding at least USD 1 million in assets and investment in Thailand
Wealthy Pensioners
Retirees aged 50 years and older who have an annual
pension or stable income
Work-From-Thailand Professionals
Remote workers working for well-established companies overseas
Highly Skilled Professionals
Professionals or experts in targeted industries working for business entities or higher education institutes
Dependants
Permitted 4 family members include spouses and children under 20 year-old per one LTR visa holder
Qualifications and criteria | How to get you LTR visa approval quickly and easily!
Wealthy Global Citizens
- Wealthy individuals holding at least USD 1 million in assets
- Personal income of a minimum of $80,000 USD per year in the past 2 years
- Invested at least 500,000 USD in Thai government bonds, foreign direct investment, or Thai property
Wealthy Pensioners
- Passive income of USD 80,000 per year. Please notice: earned income and salaries WILL NOT be considered for the personal income requirement for wealthy pensioners)
- If personal income is below 80,000 USD per year but no less than 40,000 USD per year then an applicants have to invest at least 250,000 USD in Thai government bonds, foreign direct investment, or Thai property
Health Insurance
**All applicants in any of the above-mentioned categories must have a Health insurance with at least 50,000 USD coverage or social security benefits insuring treatment in Thailand or at least 100,000 USD deposit
Work from Thailand Professionals
- Personal income of a minimum of 80,000 USD per year in the past 2 years
- If personal income is below 80,000 USD per year but no less than 40,000 USD per year in the past 2years then an applicants must have a Master’s degree or above or own intellectual property or receive Series A funding
- Current employer must be public company listed on a stock exchange or a private company is operating at least 3 years with a minimum combined revenue of USD 150 million in the last 3 years
- 5 years of work experience that is relevant fields of the current employment over the past 10 years
Highly Skilled Professionals
- Personal income of a minimum of 80,000 USD per year in the past 2 years
- If personal income is below 80,000 USD per year but no less than 40,000 USD in the past 2 years then applicants must have a Master’s degree or higher in Science and Technology
- No minimum personal income for professionals working for Thai government agencies
- Current Thai or Foreign company whose activities fall under the scope of the targeted industries
- 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
**All applicants in any of the above-mentioned categories must have a Health insurance with at least 50,000 USD coverage or social security benefits insuring treatment in Thailand or at least 100,000 USD deposit
FREE Visa & Immigration Consultancy
We can provide you with a FREE visa eligibility assessment regarding Visas & Immigration to Thailand.
If you are eligible to receive a visa- then we will advise you of the next steps.
Email /Call us or fill out the form below to receive a free and confidential initial consultation.
Gathering Information & Document Verification
You will be guided through the whole process by on-screen explanations. Then we will help you determine your situation in which documents are required to support your visa application as well as the visa fees.
Submit Visa Application & Process Tracking
We assist you online lodgment of work permit and visa application.
After successfully submitting, your application is monitored until notification approval from each sections.
Visa/Work permit Issuance
When your visa application is approved, you will be notified of the appointment date to visit Immigration where you applied to collect a visa stamp as well as to complete register your work permit