Thailand introduces Long-Term Resident (LTR) visa

Published On - 27 July, 2022

Edouard James Thailand

Effective September 1, 2022, Thailand is introducing a new Long-Term Resident (LTR) visa targeting ‘high potential’ foreigners divided into four groups: Global Wealthy Citizens, Wealthy Pensioners, Work-From-Thailand Professionals and Highly-Skilled Professionals.

Privileges

LTR visa holders will benefit from the following privileges:

  • 10-year renewable visa
  • Exemption from 4 Thai employees to 1 foreigner quota requirement
  • Permission to work in Thailand (Digital Work Permit)
  • Fast Track Service at International Airports in Thailand
  • 90-day report extended to 1-year report
  • No re-entry permit needed
  • Flat 17% personal income tax rate for Highly-Skilled Professionals
  • Personal income tax exemption on overseas income remitted into Thailand for Global Wealthy Citizens, Wealthy Pensioners and Work-From-Thailand Professionals

Qualifications & Criteria

Global Wealthy Citizens Wealthy Pensioners Work-From-Thailand Professionals Highly-Skilled Professionals
Wealth, Investment & Personal income Min. USD 1 million in assets

 

Personal income of min. USD 80,000/year in the past 2 years

 

Investment of min. USD 500,000 in Thai government bonds, foreign direct investment or in Thai property

 Annual pension of min. USD 80,000/year at the time of application OR

 

Annual pension of min. USD 40,000/year at the time of application and investment of min. USD 250,000 in Thai government bonds, foreign direct investment or in Thai property

 

 Personal income of min. USD 80,000/year in the past 2 years OR

 

Personal income of min. USD 40,000/year in the past 2 years and the applicant must hold a Master’s degree, own intellectual property or receive series A funding

 Personal income of min. USD 80,000/year in the past 2 years OR

 

Personal income of min. USD 40,000/year in the past 2 years and the applicant must hold a Master’s degree in science and technology or others relevant to the job in Thailand *
Current Employer N/A N/A Private or public company operating for min. 3 years with a combined revenue of min. USD 150 million in the last 3 years Business in any targeted industries OR

 

Higher education institute, research institution, specialized training institution or Thai government agency
Work Experience N/A N/A Min. 5 years in the current employer’s industry over the last 10 years Min. 5 years in the targeted industries except for applicants holding a PhD in the targeted industries and for those working for Thai government agencies
Health Insurance Min. USD 50,000 coverage OR Social Security benefits in Thailand OR a bank deposit of min. USD 100,000

* No minimum personal income required for applicants working for Thai government agencies

Application Process & Fees

Applicants may submit their application online and shall be notified of the result within 20 working days. Qualified applicants shall receive an endorsement letter and may then proceed with submitting their LTR visa application to the Immigration Office in Thailand or Royal Thai Embassies/Consulates abroad within 60 days from the endorsement letter issuance date.

Those who work in Thailand may then collect their digital work permit as the LTR visa itself does not allow a foreigner to work in the country.

The government fees are THB 50,000 per person for the 10-year multiple re-entry LTR visa and THB 3,000 per person per year for the digital work permit.

Should you be interested in this LTR visa and potentially qualify, please feel free to contact us at contact@orbis-alliance.com.