Thailand’s Long-Term Resident Program (LTR)
Thailand is introducing a new visa called "Long-Term Resident (LTR )" which is a program that provides a range of tax and non-tax benefits to enhance the country’s attractiveness as a regional hub for living and doing business for ’high-potential’ foreigners.
This new visa program is expected to attract new foreign residents, chnologies and talents contributing to domestic spending and in while supporting economic growth. The Thai government has set the target of attracting one million wealthy or talented foreign residents into the country over the next five years.
Open for applications on September 1, 2022
Application Form
* Application is different by each eligible category
More to study
Contact
One Stop Service Center for Visa and Work Permit (OSS)
18th Floor, Chamchuri Square Building, Phayathai Road, Pathumwan, Bangkok Thailand 10330
Tel: +662-2091100 ext 1109-1110
Email: ltr@boi.go.th
What privileges will be offered to LTR visa holders?
There will be many privileges for LTR visa holders that will make living in Thailand long term easier and less bureaucratic. Beyond the overall ease of regulations concerning foreign residents, the LTR visa program makes the process of hiring foreigners easier and the foreign experts hired will strengthen the private business sector of Thailand.
Privileges
- VISA : 10-year renewable visa
- Exemption from 4 Thais to 1 foreigner employment requirement ratio
- Fast-Track Service at international airports in Thailand
- 1-year report to the Immigration Bureau
- Multiple Re-Entry Permit
- Permission to work in Thailand (Digital Work Permit)
- 17% Personal tax rate for highly skilled professionals
- Tax exemption for overseas income
- Immigration and work permit facilitation services at One Stop Service Center for Visa and Work Permit
Targeted industries for Highly-Skilled Professional
Categories of foreigners
LTR visas will be offered to four categories of foreigners:
A.Wealthy Global Citizens
Wealthy Global Citizens - Wealthy individuals holding at least USD 1 million in assets and investment in Thailand
Wealth Status & Investment
• At least USD 1 million in assets
• Personal income of a minimum of USD 80,000/ year in the past two years
• Investment of at least USD 500,000 in Thai govemment bonds, foreign direct investment, or Thai property
Health insurance
Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit
B.Wealthy Pensioners
Wealthy Pensioners - Retirees aged 50 years and older who have an annual pension or stable income
• Personal income of at least USD 80,000/year at the time of application
• In case of personal income below USD 80,000/year but no less than USD 40,000/year, applicants must invest at least USD 250,000 in Thai government bonds, foreign direct investment, or Thai property
Health insurance
Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit
C.Work-from-Thailand Professionals
Work-from-Thailand Professionals - Remote workers working for well-established companies overseas.
Personal income
• Personal income of a minimum of USD 80,000/ year in the past two years
• In case of personal income below USD 80,000/year but no less than USD 40,000/year in the past two years, applicants must have a Master’s degree or above or own intellectual property or receive Series A funding
Current Employer
Public company on a stock exchange or; Private company in operation for at least three years with combined revenue at least USD 150 million in the last three years
Experience
At least 5 years of work experience in the relevant fields of the current employment over the past 10 years.
Health insurance
Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit
D.Highly Skilled Professionals
Highly Skilled Professionals - Professionals or experts in targeted industries working for business entities or higher education institutes or research centers or specialized training institutions in Thailand of Thai government agencies.
Personal income
• Personal income of a minimum of USD 80,000/ year in the past two years
• In case of personal income below USD 80,000/ year but no less than USD 40,000/year in the past two years or before retirement, applicants must have a Master’s degree or above in science and technology or special expertise relevant to the job assignment in Thailand.
• No minimum personal income for professionals working for Thai government agencies
Business or higher education institution, research institution, specialized training institution, or Thai govemment agency in any targeted industries.
Experience
At least 5 years of work experience in the targeted industries except for applicants with a PhD or above in the relevant fields of the targeted industries or applicants working for Thai government agencies.
Health insurance
Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit
E.Dependants
Dependants - Spouse and children under 20 years old of LTR visa holders (Maximum 4 dependants in total per one LTR visa holder)
Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 25,000 deposit
Must be the legal dependants (spouse and children). (Same-sex marriage or partnerships are not yet currently recognized by the law of Thailand.)
Visa Application and Issuance
4 steps as following;
- Register and submit online an application for qualification endorsement for LTR Visa and supporting documents.
- Within 20 working days after having received complete documents, applicants will be notified of the result.
- Qualified applicants may proceed with applying for LTR Visa issuance at the Royal Thai Embassies/the Royal Thai Consulate Generals overseas or Immigration offices in Thailand within 60 days from the issuance date of the endorsement letter. The processing fee for the 10-year visa with multiple entry is 50,000 Baht per person.
- Applicants who work in Thailand, may collect digital work permits at the Department of Employment at One Stop Service Center for Visa and Work Permit, Chamchuri Square Building, Bangkok or provincial labour offices. The processing fee is 3,000 Baht per year to maintain digital work permit.
Watch the video LINK
This video will help you get the quick ideas of LTR of privilege, benefits and eligible category. File your application if you are qualified. Thailand is waiting.
