Long Term Resident (LTR) Visa

The Long-Term Resident (LTR) Visa is a new visa program introduced by Thailand to attract high-potential individuals for living and doing business in the country. It offers a range of tax and non-tax benefits to enhance Thailand’s appeal as a regional hub for such individuals, including multinational corporations and remote workers.

The initial duration of the LTR Visa is 10 years, with the option to extend it for an additional 5 years if the qualifications are met. This provides long-term stability for those wishing to reside in Thailand.

LTR Visa holders are exempt from the requirement that four Thai employees must be hired for every one foreign employee, making it easier for foreign professionals and entrepreneurs to work in Thailand.

LTR Visa holders enjoy a fast-track service at international airports in Thailand, streamlining their entry and exit processes.

Under the LTR Visa, the 90-day reporting requirement is extended to a 1-year report, and there is also an exemption from the re-entry permit, reducing administrative burdens for visa holders.

Highly-skilled professionals under the LTR Visa program benefit from a 17% personal income tax rate, which is favorable compared to standard income tax rates.

LTR Visa holders enjoy a significant tax exemption on their overseas income, further enhancing their financial benefits.

Immigration and work permit facilitation services are offered at the One Stop Service Center for Visa and Work Permit, making it convenient for visa holders to manage their immigration requirements.

The LTR Visa is available to four categories of individuals: Wealthy Global Citizens, Wealthy Pensioners, Work-from-Thailand Professionals, and Highly-Skilled Professionals. Spouses and dependents of LTR Visa holders are also eligible for the same visas.

Besides Wealthy Global Citizens, the LTR Visa program also caters to Wealthy Pensioners, Work-from-Thailand Professionals, and Highly-Skilled Professionals, and also for spouse and children of LTR Visa holder, offering a diverse range of options.

yes, LTR visa holders can include a maximum of four dependents and children must under the age of 20. To meet the visa requirements, these dependents must possess health insurance covering a minimum of USD 50,000 or have access to social security benefits that cover medical treatment in Thailand. Alternatively, they can maintain a deposit of at least USD 25,000. It’s essential to note that Thailand’s legal recognition does not currently extend to same-sex marriages or partnerships.

Wealthy Global Citizen must possess a minimum of USD 1 million in assets and demonstrate a personal annual income of at least USD 80,000 over the previous two years. Additionally, they are required to make investments of at least USD 500,000 in either Thai government bonds, foreign direct investments, or Thai real estate. To meet health coverage requirements, they should secure insurance with at least USD 50,000 in coverage, or alternatively, maintain social security benefits that guarantee treatment in Thailand, or hold a deposit of at least USD 100,000

Wealthy Global Citizens are required to make an investment of at least USD 500,000 in Thai government bonds, foreign direct investment, or Thai property.

Wealthy Global Citizens have to have personal income of a minimum of USD 80,000/ year in the past two years

The LTR Visa program enhances Thailand’s appeal as a regional hub for living and business by providing tax and non-tax benefits, facilitating the establishment of multinational corporations and attracting foreign professionals.

Wealthy Global Citizens are required to make an investment of at least USD 500,000 in Thai government bonds, foreign direct investment, or Thai property.

Investments fulfilling the LTR Visa requirements for Wealthy Global Citizens can include Thai government bonds, foreign direct investment, or investments in Thai property.

Decisions made by government agencies regarding the LTR Visa qualification endorsement result are final and binding, making it essential for applicants to meet all requirements.

LTR Visa holders enjoy a range of tax benefits, including lower personal income tax rates and exemptions on overseas income.

The exemption from the 1:4 employment requirement for Thais to foreigners eases the hiring process for businesses employing LTR Visa holders.

The One Stop Service Center for Visa and Work Permit offers a convenient and streamlined process for LTR Visa holders to manage their immigration and work permit requirements.

The process takes 3-5 working days (processing time might take longer if additional documents are requested). Once the work permit request is approved, LTR Visa holders can make an appointment to collect the work permit at the Department of Employment at One Stop Service Center for Visa and Work Permit, Chamchuri Square Building, Bangkok. The processing fee is 3,000 Baht per year to maintain the work permit.

LTR Visa holders can work temporarily in Thailand while their work permit request is in process, allowing them to begin their employment without delays.

Applicants must fulfill all the requirements to be eligible for the LTR Visa, as exceptions are generally not granted.

Work permits are not granted to Work-from-Thailand Professionals since their LTR Visa category is specifically for remote work for foreign employers abroad.

LTR Visa holders can collect their work permits at the Department of Employment at the One Stop Service Center for Visa and Work Permit in Bangkok.

The processing fee for maintaining the work permit of an LTR Visa holder is 3,000 Baht per year.

Foreigners can apply for the LTR Visa by registering and submitting an online application for qualifications endorsement along with the required supporting documents. Or by contacting Thai Kru, we can help you through the application process.

LTR Visa holders benefit from a tax exemption on their overseas income, providing a significant financial advantage.

LTR Visa holders enjoy a fast-track service at international airports in Thailand, simplifying their entry and exit processes.

Once approved, qualified applicants will be notified to submit additional information and documents for the pre-approval process, which takes 1-3 working days (processing time might take longer if additional documents are requested). After the pre-approval request has been approved, the applicant will receive the notification of the qualifications endorsement letter so that he/she can make an appointment for LTR Visa issuance at the Royal Thai Embassies/the Royal Thai Consulate Generals overseas or One Stop Service for Visa and Work Permit Center (Bangkok) within 60 days from the issuance date of the letter.

The processing fee for the 10-year visa with multiple entry is 50,000 Baht 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, the fee may vary and considerably be more expensive than 50,000 THB per person per 10 years. (The fee also depends on the currency exchange rate of each country.)

Remote workers applying for the LTR Visa must have at least five years of work experience in the relevant fields of their current employment over the past ten years. This work experience requirement is aimed at attracting experienced professionals and experts to Thailand, contributing their expertise and skills to the local economy.

LTR Visa holders who work for an entity in Thailand are required to apply for permission to work immediately after receiving LTR Visa or before employment with an entity in Thailand starts. After LTR Visa issuance, LTR Visa holders are required to apply for a work permit for their employment in Thailand via LTR Visa application system. The process takes 3-5 working days (processing time might take longer if additional documents are requested). Once the work permit request is approved, LTR Visa holders can make an appointment to collect the work permit at the Department of Employment at One Stop Service Center for Visa and Work Permit, Chamchuri Square Building, Bangkok. The processing fee is 3,000 Baht per year to maintain the work permit.

Professionals working for Thai government agencies do not have a minimum personal income requirement for the LTR Visa. This exemption acknowledges that professionals in government roles may not have personal income as their primary source of financial support. Instead, their qualifications and expertise are the primary focus of the application.

hailand positions itself as an appealing destination for remote-working professionals. This new visa initiative is anticipated to draw in foreign residents, tech experts, and skilled individuals who will stimulate local spending and investment, thereby bolstering economic development. The Thai government aims to welcome one million affluent and talented foreign residents to the country within the next five years.

Professionals or experts working in targeted industries can be employed by a variety of entities to be eligible for the LTR Visa. They may work for businesses in targeted industries, higher education institutions, research institutions, specialized training institutions, or Thai government agencies. This flexibility allows professionals to work in different sectors while still being eligible for the program.

“Targeted industries” for professionals or experts under the LTR Visa program refer to specific sectors that Thailand aims to develop and promote. The criteria for these industries may include technology, science, research, and other fields where expertise and innovation are highly valued.

this Long-Term (Ltr) Visa offer 10 years stay and provides exemption from the typical 4 Thai employees to 1 foreign worker employment ratio, a fast track service at international airports in Thailand, an extension of the 90-day reporting requirement to an annual report with re-entry permit exemption, multiple re-entry permits, permission to work in Thailand with a digital work permit, a reduced 17% personal income tax rate for highly-skilled professionals, tax exemption for overseas income, and comprehensive immigration and work permit facilitation services available at the One Stop Service Center for Visa and Work Permit.

Whether professionals or experts in targeted industries working for various entities in Thailand or government agencies, must meet specific income and educational criteria. A minimum annual income of USD 80,000 in the past two years is required, although those with income between USD 40,000 and USD 80,000 must hold a Master’s degree or higher in relevant fields. No minimum income is specified for those working in Thai government agencies. Additionally, if you would apply for this visa, you should have at least 5 years of work experience in their respective industries, with mandatory health insurance or access to social security benefits for medical coverage in Thailand, or maintain a USD 100,000 deposit.

The LTR Visa program allows foreign residents to live and work in Thailand with relative ease, thanks to its tax benefits and streamlined immigration services. Also, Thailand is popular in beautiful destinations, you can enjoy, relax and have a wonder life here without breaking your banks.

Retirees aged 50 years and older can apply for the LTR Visa program if they meet specific criteria. These criteria include having a personal income of at least USD 80,000 per year at the time of application. Additionally, if an applicant’s personal income falls below USD 80,000 but is not less than USD 40,000 per year, they have the option to invest a minimum of USD 250,000 in Thai government bonds, foreign direct investment, or Thai property to qualify for the LTR Visa. Health insurance with at least USD 50,000 coverage or having social security benefits that ensure treatment in Thailand, or maintaining a deposit of at least USD 100,000, is also required. It’s essential for retirees to understand these financial requirements when applying for the Wealthy Pensioners category of the LTR Visa.

The retiree must have a personal income of at least USD 80,000 per year at the time of application. This income can come from sources such as a pension, rental income, capital gains, dividends, or other unearned income. Earned income, such as a salary, is not considered eligible income for LTR: Wealthy Pensioners application.

There is an alternative path to qualify for the LTR Visa. In this case, the applicant can invest at least USD 250,000 in either Thai government bonds, foreign direct investment, or Thai property. This investment option provides flexibility for retirees who may have lower annual income but can demonstrate financial commitment to Thailand through these investments.

The health insurance policy must have a minimum coverage of at least USD 50,000. Alternatively, retirees can maintain social security benefits that ensure medical treatment in Thailand or have a deposit of at least USD 100,000. This requirement ensures that retirees have access to adequate healthcare during their stay in Thailand.

earned income, such as a salary, is not considered eligible income. Instead, the eligible income for this category of LTR Visa applicants is “unearned income,” which includes sources like pensions, rental income, capital gains, dividends, and similar forms of income that do not involve active employment or work

The minimum personal income required for remote workers applying for the LTR Visa is USD 80,000 per year for the past two years. This income threshold reflects the program’s goal of attracting remote workers with substantial earnings who can contribute to the local economy.

To qualify for the LTR Visa as a remote worker, the overseas company employing them must meet specific requirements. The company must either be a public company listed on a stock exchange or a private company that has been in operation for at least three years with combined revenue of at least USD 150 million in the last three years. These requirements ensure that the companies employing remote workers are well-established and financially stable.