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.
