The Thailand Long-Term Resident (LTR) Visa is a 10-year visa designed to attract high-potential foreigners, including digital nomads, investors, retirees, and skilled professionals. It allows applicants to reside in Thailand with a range of tailored benefits specific to each category, which enhances Thailand’s appeal as a hub for living and working.
Categories and Requirements:
Wealthy Global Citizen: This category is tailored for those with at least $1 million in assets, an annual income of $80,000, and a $500,000 investment in Thailand (such as property or government bonds).
Wealthy Pensioner: Designed for retirees over 50, this requires a pension or passive income of $80,000 annually or $40,000 with an additional $250,000 investment in Thailand.
Work-from-Thailand Professional: Ideal for remote workers employed by international companies with at least $150 million in annual revenue, it mandates an $80,000 yearly income or $40,000 for those with a master’s degree and at least five years of relevant experience.
Highly Skilled Professional: Aimed at professionals in targeted industries like technology or healthcare, this category requires an annual income of $80,000 or $40,000 with advanced qualifications and relevant expertise. These professionals are also eligible for a reduced income tax rate of 17% and support in obtaining a digital work permit.
Key Benefits:
- Simplified Reporting: Unlike standard visas that require reporting every 90 days, LTR visa holders only need to report once annually.
- Multiple-Entry and Work Permits: The visa includes a multi-entry permit, allowing unlimited travel in and out of Thailand without reapplying. Additionally, LTR holders can obtain a work permit, facilitating employment for qualified professionals.
- Tax Incentives: Wealthy Global Citizens, Pensioners, and Work-from-Thailand Professionals are exempt from taxes on foreign-sourced income. Highly skilled professionals enjoy a flat tax rate of 17% for income earned within Thailand.
- Fast-Track Services: LTR visa holders benefit from expedited immigration processing at major Thai airports, streamlining entry and exit.
The application process for the LTR Visa involves submitting qualifications online for initial approval, followed by visa stamping at a Thai embassy or consulate. The fee is 50,000 THB for the 10-year visa, renewable after five years. This comprehensive visa solution makes the LTR an attractive choice for those seeking long-term residence with reduced bureaucracy and enhanced benefits in Thailand