Why Thailand?
Thailand, already renowned for its stunning landscapes, rich culture, and culinary delights, is now positioning itself as the perfect destination for "work from anywhere" professionals. The LTR Visa program is designed to attract a fresh wave of foreign residents, bringing with them their talents, technologies, and investments, which will contribute to economic growth and innovation. The Thai government has set an ambitious goal of welcoming one million wealthy or skilled foreign residents over the next five years.
Privileges
So, what's in it for LTR Visa holders? Here's a sneak peek at the enticing privileges:
- 10-Year Visa: The LTR Visa offers an initial 5-year stay, with the possibility of a 5-year extension if all criteria are met.
- Employment Flexibility: Say goodbye to strict employment ratios! LTR Visa holders enjoy an exemption from the usual 4 Thais to 1 foreigner employment requirement.
- Fast Track Service: Glide through international airports in Thailand with the Fast Track Service, ensuring your entry and exit experiences are seamless.
- Hassle-Free Reporting: The 90-day reporting requirement is extended to just once a year, making life easier for long-term residents. Plus, say farewell to re-entry permit concerns.
- Multiple Re-entry: Enjoy the freedom to come and go with a Multiple Re-entry Permit.
- Work Permission: LTR Visa holders can take advantage of digital work permits, making it easier to pursue work opportunities in Thailand.
- Tax Benefits: Highly-skilled professionals benefit from a reduced personal income tax rate of 17%, along with tax exemption on overseas income.
- Immigration Assistance: Access immigration and work permit facilitation services at the One Stop Service Center for Visa and Work Permit.
Exploring LTR Visa Types
The LTR Visa program caters to four distinct categories of individuals:
Wealthy Global Citizen
- WEALTHY INDIVIDUALS HOLDING AT LEAST USD 1 MILLION IN ASSETS
- Personal income of a minimum of USD 80,000/ year in the past two years
- Investment of at least USD 500,000 in Thai government bonds, foreign direct investment, or Thai property
- Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit
Wealthy Pensioners
- RETIREES AGED 50 YEARS AND OLDER WHO HAVE AN ANNUAL PENSION OR STABLE PASSIVE INCOME
- Personal income of at least USD 80,000/year at the time of application
- In case of personal income below USD 80,000/year but no less than USD 40,000/year, applicants must invest at least USD 250,000 in Thai government bonds, foreign direct investment, or Thai property
- Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit
Work from home professionals
- REMOTE WORKERS WORKING FOR WELL-ESTABLISHED OVERSEAS COMPANIES
- Personal income of a minimum of USD 80,000 / year in the past two years
- In case of personal income below USD 80,000/year but no less than USD 40,000/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
- Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit
Highly Skilled Professionals
- PROFESSIONALS OR EXPERTS IN TARGETED INDUSTRIES WORKING FOR BUSINESS ENTITIES OR HIGHER EDUCATION INSTITUTES OR RESEARCH CENTERS OR SPECIALIZED TRAINING INSTITUTIONS IN THAILAND OR THAI GOVERNMENT AGENCIES
- Personal income of a minimum of USD 80,000 / year in the past two years
- In case of personal income below USD 80,000/year but no less than USD 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
- Business in any targeted industries
- 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
- Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit
Spouse and dependents
- SPOUSE AND CHILDREN UNDER 20 YEARS OLD OF LTR VISA HOLDERS (MAXIMUM 4 DEPENDENTS IN TOTAL PER ONE LTR VISA HOLDER)
- Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 25,000 deposit
- Must be the legal dependants (spouse and children). (Same-sex marriage or partnerships are not yet currently recognized by the law of Thailand.)
- The children will be granted LTR Visa until 20 years of age
Duration
The procedure typically requires approximately 30 days to complete. You can complete the entire process online.
Visa Fee
a visa fee of THB50,000.
Thailand's LTR Visa program is set to redefine long-term residency, offering a world of possibilities for those seeking the perfect blend of work, life, and adventure in this captivating country. If Thailand has ever piqued your interest, now is the time to explore the LTR Visa options and embark on a journey filled with privileges and endless possibilities. If you desire a life change and live peacefully in Thailand, simply click the button to get in touch with us!
