What is the 10-year long stay visa in Thailand?
The 10-year Long-Term Resident (LTR) Visa in Thailand is a visa that allows high-potential foreigners to live and work in Thailand for up to ten years. This visa aims to attract individuals who can contribute to overseas investment and economic development in the country. It provides many benefits, including access to healthcare, education, and the ability to open a bank account.
Categories of LTR Visa
The LTR Visa is offered to four categories of foreign individuals: Wealthy Global Citizens, Wealthy Pensioners, Work-From-Thailand Professionals, and Highly-Skilled Professionals. LTR Visa holders can also bring up to 4 family members, including their legal spouse and children under the age of 20.
Eligibility Requirements
Each category has different eligibility requirements, and all requirements must be satisfied in order to qualify. Wealthy Global Citizens need to have assets of at least USD 1 million and an annual income of at least USD 80,000 for the past two years. Wealthy Pensioners should be retirees aged 50 years or older with a personal income of at least USD 80,000 a year or a minimum investment of USD 250,000. Work-From-Thailand Professionals should have an annual income of at least USD 80,000 for the past two years or an annual income ranging between USD 40,000 and USD 80,000 with additional qualifications. Highly-Skilled Professionals should have an annual income of at least USD 80,000 for the past two years or an annual income ranging between USD 40,000 and USD 80,000 with additional qualifications.
Spouses and Dependents
Spouses and children under 20 years of age can be included as dependents in the LTR Visa application. However, same-sex marriage or partnerships are currently not recognized under Thai Law. Children will only be eligible as dependents until they reach 20 years of age.
Other Conditions
The requirements for the LTR Visa may be subject to change, so it is important to research the most up-to-date information or consult with [Thai Kru]. The application process involves submitting the application and supporting evidence to the Thailand Board of Investment (BOI). The visa is divided into two terms of five years each, and LTR Visa holders must report their residence status to the BOI if they reside in Thailand for 365 consecutive days (1 year). The processing time for a Thailand LTR Visa is typically between 4 to 8 weeks.
How to Apply
If you are interested in applying for an LTR Visa Thailand, Thai Kru can assist you with the application process. They will review your documents, determine your eligibility, and help you choose the most suitable category for your application. They will gather all necessary documents, prescreen them, and submit your application if they are satisfied with the criteria. If your application is approved, they will assist you in collecting your visa and applying for a work permit if necessary.
For more information or assistance with your LTR Visa application, please contact Thai Kru.
Note: This information is provided as a general overview and may be subject to change. It is advisable to consult with Thai Kru or research the most up-to-date information before applying for an LTR Visa in Thailand.