What is Thai LTR
Thailand is introducing a new visa called "Long Term Resident (LTR) Visa", which provides a series of tax and non tax incentives to increase the country's attractiveness to the regional centers where high potential foreigners live and do business. This new visa program is expected to attract new foreign residents, technology, and talent, contributing to domestic spending and investment while supporting economic growth. The Thai government has formulated plans to attract The goal is to bring in one million wealthy or talented foreign residents.
What are the privileges of LTR?
LTR privilege one
Enjoy the privilege of a 10-year renewable visa to extend your stay in Thailand.
LTR privilege two
Exemption from the employment requirement ratio policy of 4 Thais to 1 foreigner.
LTR privilege three
Enjoy the fast track service at Thailand International Airport.
LTR privilege four
The report submitted to the immigration office has been extended from 90 days to 1 year.
LTR privilege five
Foreigners holding this visa can enter and exit Thailand multiple times during the visa validity period without the need to reapply for entry permits each time.
LTR privilege six
Foreigners holding LTR visas are eligible to apply for a digital work permit within Thailand, allowing them to legally engage in work activities in Thailand.
LTR privilege seven
Foreign professionals holding LTR visas and engaged in high skilled work in Thailand can enjoy a preferential personal income tax rate of 17%.
LTR privilege eight
Foreigners holding LTR visas can enjoy tax-free treatment for overseas income obtained within Thailand, except for highly skilled professionals.
LTR privilege nine
LTR visa holders are provided with more convenient and efficient visa and work permit processing services (OSSC), further enhancing their work and life experience in Thailand.
LTR signing population
A Wealthy global citizens
Global affluent citizens - this group of people hope to reside in Thailand for a long time, And wealthy citizens who contribute to the Thai economy through investment.
B Wealthy retirees
Wealthy retirees - retirees aged 50 and above, And enjoy stable retirement pension or income, can apply for this type of visa
C Professionals residing in Thailand
Professionals residing in Thailand - This type of visa is mainly aimed at professionals who settle in Thailand and work in well-known companies.
D High skilled professionals
High skilled professionals - typically possessing high skills, professional knowledge, and Rich experience and significant contribution to the development of relevant industries or institutions in Thailand.
Next
Thailand LTR Signing Standards
Wealthy global citizens
Wealthy retirees
Professionals residing in Thailand
Highly skilled professionals
- Having assets of at least $1 million under the applicant's name
- The lowest average personal income in the past two years was $80000 per year
- Merge investment in Thai government bonds or directly invest in Thai registered companies or Thai assets worth at least $500000
- The minimum non labor or passive income at the time of application is $80000 per year (please note that the personal income requirement for affluent pension recipients does not take into account labor income and wages)
- If the non labor or passive income is less than $80000 but not less than $40000, the applicant needs to invest an additional $250000 to purchase Thai government bonds or directly invest in Thai registered companies or Thai real estate
- Non labor or passive income includes but is not limited to pension, rent, capital gains, dividends, and interest payments
- The lowest average personal income in the past two years was $80000 per year
- If an individual's average income is less than $80000 but not less than $40000, the applicant must present other documents as proof of eligibility, such as a master's degree or higher degree certificate
- Sign employment contracts with listed companies on the stock exchange or private companies operating for at least 3 years, with a total income of at least $150 million in the past 3 years
- At least 10 years of work experience related to the current job position or professional field in the past 5 years
- If an individual's average income is less than $80000 but not less than $40000, the applicant must present other documents as proof of eligibility, such as a Master of Science and Technology or higher degree certificate
- Employed by Thai or foreign companies whose activities fall within the scope of the target industry, or the applicant must provide proof of professional knowledge in the field designated by BOI
- At least 10 years of work experience in a specific target industry in the past 5 years. Applicants with a doctoral degree or higher and those working in Thai government institutions (including public higher education institutions, research institutions, and professional training institutions) are not subject to this requirement
Children and spouses of LTR visa holders also enjoy LTR visa benefits!
Required conditions: Purchase health insurance of at least $50000 or receive social security benefits in Thailand, or deposit and maintain a bank account balance of at least $100000 in the applicant's name within the past 12 months
Equity One
Legal spouse and children under the age of 20 of LTR visa holders (up to 4 dependents per LTR visa holder)
Equity Two
Medical insurance coverage should be at least $50000, or provide social security benefits for treatment in Thailand, or at least $25000 in savings.
