LTR Resident Visa – Thailand

To promote Thai economy, Royal Thai Government has approved long-term resident visa for foreigners effective from 1st Sep 2022. This visa type will offer both tax benefits as well as non-tax benefits to applicants who wish to use this facility.

This visa is applicable to people who fall under specific categories as explained below:

Wealthy Global Citizen

  • Wealthy foreigner with at least USD 1 million in assets.
  • Foreigner earning personal income of at least USD 80,000/year in the past two years.
  • Foreigner who can invest at least USD 500,000 in Thai government bonds, foreign direct investments, or in Thai property.

Wealthy Pensioner

  • Retiree aged 50 years and older who has an annual pension income.
  • Personal income of at least USD 80,000/year at the time of application.
  • If personal income is below USD 80,000/year but not less than USD 40,000/year, the applicant must also invest at least USD 250,000 in Thai government bonds, foreign direct investment or in Thai property.

Work from Thailand professional group

  • Remote employee working for a well-established foreign company, such as a public company listed on a stock exchange or a private company that has been in operation for at least three years with a combined revenue of at least USD 150 million in the last three years.
  • Employee with personal income of at least USD 80,000/year in the past two years.
  • If personal income is below USD 80,000/year but not less than USD 40,000/year in the past two years, the applicant must have a master’s degree or above, own intellectual property or receive Series A funding.
  • The applicant must have at least five years’ work experience in the relevant field of the current employment over the past 10 years.

Highly Skilled Professional

  • Personal income of at least USD 80,000/year in the past two years.
  • If personal income is below USD 80,000/year but not less than USD 40,000/year in the past two years or before retirement, the applicant must have a master’s degree or above in science and technology or special expertise relevant to the job assignment in Thailand. There is no minimum income requirement for a professional working for a Thai government agency.
  • The employer is engaged in any targeted industries, is a higher education institution, research institution, specialized training institution or Thai government agency.
  • The applicant must have at least five years’ work experience in the targeted industry except for applicants with a PhD or above in the relevant field of the targeted industries or applicant working for a Thai government agency.

All categories of applicant must have health insurance with at least USD 50,000 coverage or Social Security benefits ensuring treatment in Thailand, or with at least a USD 100,00 deposit.

The conditions and categories are subject to a periodic review.

The program Is also applicable to the legal dependents of a LTR visa holder. The dependent visa (“O” category) must be limited to spouse and children under 20 years of age and parents are not part of it.

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