Long Term Resident Visa (LTR)

The Thai LTR Visa is designed for specific categories of foreign nationals:

• Wealthy Global Citizens: Individuals with at least USD 1 million in assets, a personal income of at least USD 80,000 per year, and an investment of at least USD 500,000 in Thai government bonds, foreign direct investment, or Thai property.

• Wealthy Pensioners: Retirees aged 50 and above with a personal income of at least USD 80,000 per year. Those with an income between USD 40,000 and USD 80,000 may qualify if they invest at least USD 250,000 in Thai government bonds, foreign direct investment, or Thai property.

• Work-from-Thailand Professionals: Remote workers employed by well-established overseas companies, earning at least USD 80,000 annually over the past two years. Applicants with incomes between USD 40,000 and USD 80,000 may qualify if they hold a master’s degree or above, own intellectual property, or have received Series A funding.

• Highly-Skilled Professionals: Experts in targeted industries with a minimum income of USD 80,000 per year. Those earning between USD 40,000 and USD 80,000 annually may qualify if they possess a master’s degree in science and technology or have specialized expertise relevant to their role in Thailand.

• Extended Stay: A renewable 10-year visa, initially granted for five years and extendable for an additional five years.

• Work Authorization: Permission to work in Thailand, accompanied by a digital work permit.

• Tax Benefits: For highly-skilled professionals, a personal income tax rate capped at 17% and tax exemption on overseas income.

• Simplified Reporting: Annual immigration reporting instead of the standard 90-day report.

• Multiple Re-Entry Permit: Flexibility to leave and re-enter Thailand without additional visa requirements.

• Fast-Track Service: Expedited immigration processing at international airports in Thailand.

• Exemption from Employment Ratio Requirements: Employers are exempt from the standard four Thai employees per one foreign employee ratio for LTR Visa holders.

What is the application process for the Thai LTR Visa?

The application process involves several steps:

• Submission: Applicants must submit their application and supporting documents online through the Thailand Board of Investment (BOI) website.

• Processing Time: The BOI reviews applications, with a typical processing time of 20 working days.

• Approval and Fee Payment: Upon approval, applicants receive an endorsement letter and must pay a processing fee of THB 50,000 per person.

• Visa Issuance: After payment confirmation, the LTR Visa is issued and can be collected at designated Thai embassies, consulates, or immigration offices.

It’s essential to ensure all eligibility criteria are met and that accurate documentation is provided to facilitate a smooth application process.