Long Term Resident Visa (LTR)

LTR is a new visa program that started on September 1st 2022. Under this program certain categories of foreign nationals - program focuses on affluent individuals and experts can receive 10-year visa, as well as a number of bonuses, including decreased personal tax rates, fast-track service at the international airports and permission to work in Thailand.

Eligibility

The visa aims at 4 main target groups:

• Wealthy global citizens
  • At least $1,000,000 in assets
  • Minimum investment of $500,000 in Thai government bonds, foreign direct investment, or Thai property
  • Personal income at least $80,000 per year for the past 2 years
• Wealthy retirees
  • Personal income of at least $80,000/year at the time of application
  • In case of personal income below $80,000/year but no less than $40,000/year, applicants must invest at least $250,000 in Thai government bonds, foreign direct investment, or Thai property
• Work-from-Thailand professionals
  • Personal income of a minimum of $80,000 per year in the past two years
  • In case of personal income below $ 80,000 per year but no less than $40,000 per year in the past two years, applicants must have a Master’s degree or above or own intellectual property or receive Series A funding
  • 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
  • At least 5 years of work experience in the relevant fields of the current employment over the past 10 years
• Highly-skilled professionals
  • Personal income of a minimum of $80,000 / year in the past two years
  • In case of personal income below $80,000/year but no less than $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
  • Higher education institution, research institution, specialized training institution, or Thai government agency
  • 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
  • Business in one of the targeted industries:
    • Next-generation automotive industry
    • Smart electronics industry
    • Affluent tourism industry
    • Agricultural and biotechnology industry
    • High value-added food processing
    • Automation and robotics industry
    • Aviation industry
    • Biofuels and biochemicals industry
    • Digital industry
    • Medical industry
    • Defense industry
    • Human resource development, research and development for targeted industries
    • Industries that facilitate the Circular Economy directly and significantly e.g. the production of energy-from-waste, water resources management etc.
    • Other targeted industries in accordance with the 20-year National Strategic Plan as approved by the Board of the National Competitiveness Enhancement Policy for Targeted Industries Policies

Apart from these categories by themselves, the visa is also available for spouses and dependents (children under 20 years old) of the main applicant (maximum 4 dependents per one LTR visa application)

Benefits

Holder of LTR visas will received the following privileges:

• 10 years renewable visa permission to stay in Thailand (it’s initially granted for 5 years, and can be extended for 5 more if the qualifications are upheld).
• Immigration and work permit facilitation services at One Stop Service Center for Visa and Work Permit
• 90-day report extended to 1-year report; exemption of re-entry permit
• Multiple re-entry permit
• 17% Personal income tax for Highly-skilled professionals
• Tax exemption for overseas income
• Permission to work in Thailand (Digital Work permit)
• Exemption from 4 Thais to 1 foreigner employment requirement ratio
• Fast Track Service at International Airports in Thailand

Application process

The procedure for LTR Visa is remarkably simple and streamlined with application process happening mostly online (with the exception of actually affixing the visa):

1. Application Submission Register and submit online an application for qualification endorsement for LTR Visa and supporting documents here: https://ltr.boi.go.th/index.html
2. Qualifications Endorsement Within 20 working days after having received complete documents, applicants will be notified of the result.
3. Visa Issuance 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 THB per person in case of collecting LTR Visa in Thailand. In the case of collecting LTR Visa at the Royal Thai Embassies/the Royal Thai Consulate Generals overseas or E-visa, fee may vary depending on the currency exchange rate of each country.
4. Digital Work Permit Issuance 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 labor offices. The processing fee is 3,000 THB per year to maintain digital work permit.