WHAT IS THAILAND LONG-TERM RESIDENT (LTR) VISA?
Thailand LTR Visa is a program that grants you to stay in Thailand for 10 years. The 10-years visa is divided into two 5-years terms. Applicants will be granted the initial permission to stay in the country for 5 years which can be extended for 5 more years. The total length of stay shall not exceed 10 years.
Advantages of the Long-Terms Residency visa
- 10 years’ visa permission to stay in Thailand granted first for 5 years renewable once for 5 more years if qualifications are met.
- Exemption from 4 Thais to 1 foreigner employment requirement ratio.
- Fast track Service at International airports in Thailand.
- No 90 days’ report obligation (replaced by 1 year report).
- Multiple re-entry permit included.
- Permission to work in Thailand.
- 17% Personal income tax 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.
Process
- Submit the application online.
- Result notification within 20 days from docs. issuance.
- LTR Visa application within 60 days from the issuance date of the endorsement letter.
- Processing fee of 50,000 Baht.
What are the requirements for Thailand Long-Term Resident Visa?
LTR Visa is offered to the four following categories:
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- Wealthy Global Citizens
- Holding at least USD 1 million in assets.
- Personal income: min. USD 80,000/year in the past 2 years.
- Investment: min. USD 500,000
- Wealthy Pensioners
- Applicants must be retired and be over 50 years old.
- Personal income: min. USD 80,000/year.
- If personal income is between USD 40,000/year and USD 80,000/year, applicants must invest min. USD 250,000.
- Work-from-Thailand Professionals
- Personal income: min. USD 80,000/year in the past 2 years.
- If personal income is between USD 40,000/year and USD 80,000/year in the past 2 years, applicants must have a Master’s degree or own intellectual property or receive Series A funding.
- Company in operation for at least 3 years with combined revenue of min. USD 150 million in the last 3 years.
- Min. 5 years of work experience over the past 10 years.
- Highly-Skilled Professionals
- Personal income: min. of USD 80,000/year in the past 2 years.
- If personal income is between USD 40,000/year and USD 80,000/year in the past 2 years or before retirement, applicants must have a Master’s degree in science and technology or special expertise.
- Business: higher education, research, specialized training, or Thai government agency.
- 5 years of work experience in the targeted industry.
or categories 1, 2, 3, and 4: Health insurance: min. USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit.
- Spouses and dependents (legal dependents)
- Children under 20 years old.
- Maximum 4 dependents in total per one LTR Visa holder.
- Health insurance: min. USD 50,000 coverage or social security benefits insuring treatment in Thailand or min. USD 25,000 deposit.
- Wealthy Global Citizens
THE THAILAND LTR VISA
Thailand LTR Visa is a program that grants you to stay in Thailand for 10 years. The 10-years visa is divided into two 5-years terms. Applicants will be granted the initial permission to stay in the country for 5 years which can be extended for 5 more years. The total length of stay shall not exceed 10 years.
Thailand LTR Visa is offered to four categories of individuals: Wealthy Global Citizens, Wealthy Pensioners, Work-From-Thailand Professionals, and Highly-Skilled Professionals. Legal spouses and dependents of Thailand LTR Visa holders are also qualified for this Visa.
No, There is no restrictions
There is no age limit to apply for Thailand LTR Visa if you refer as a Wealthy Global Citizen, a Work-From-Thailand Professional, or Highly-Skilled. If you refer as a Wealthy Pensioner, you shall be over 50 years old.
No
Legal spouse and children under 20 years old of the applicant (maximum 4 family members).
The benefits of the Thailand LTR Visa are the following:
- Fast track Service at International airports in Thailand.
- 90 days report extended to 1 year report and exemption of re-entry permit.
- Multiple re-entry permit.
- Permission to work in Thailand.
- 17% Personal income tax 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.
The tax benefits of the Thailand LTR Visa are the following:
- Tax exemption for overseas income.
- 17% Personal income tax for Highly-Skilled Professionals.
Yes, there is a minimum of personal income required to apply for LTR Visa depending on the category you will apply to.
- Wealthy Global Citizens: minimum personal income of USD 80,000 per year in the past 2 years.
- Wealthy Pensioners: minimum personal income of USD 80,000 per year.
- Work-From-Thailand Professionals: minimum personal income of USD 80,000 per year in the past 2 years.
- Highly-Skilled Professionals: minimum personal income of USD 80,000 per year in the past 2 years except for professionals working for Thai government agencies.
THE APPLICATION PROCESS
The procedure to apply to Thailand LTR Visa is as follow:
- Register and submit an application online for qualification endorsement and supporting documents.
- Applicants will be notified of the result within 20 working days after having received complete documents.
- Once the applicant receives a positive result, she/he may proceed with applying for LTR Visa Issuance at the Royal Thai Embassies/the Royal Thai Consulate overseas or Immigration offices in Thailand within 60 days from the issuance date of the endorsement letter.
- Collect the Digital Work Permit at the Department of Employment at One Stop Service Center for Visa and Work permit.
The 20 working days start from the moment the immigration officers deem the application complete (one can expect a few back and forth on documents). From experience, officers do make a decision within the 20 working days
Proof of income must be supported by duly translated tax returns.
Please contact HLG if you wish to receive a comprehensive list of required documents depending on the category of LTR Visa you will apply for.
The processing fee for the 10-years visa with multiple entry is 50,000 Baht per person. The processing fee to maintain digital work permit is 3,000 Baht per year.
The present document is intended for guidance and general information only and does not constitute or purport to provide you with legal advice. Such information is subject to changes without notice. Each case is unique and depends on the facts and circumstances of the individual and due consideration should be taken if applying the general information to your personal situation. For an evaluation of your personal circumstances one of our legal team would be happy to assist.
