Persons who qualify fit into 4 areas:
A "Wealthy Global Citizen" is someone who needs to have at least 1 Million USD in personal assets, personal income of at least 80,000 USD per year, and able to invest at least 500,000 USD in Thailand through government bonds, or real estate.
A "Wealthy Retiree" must have an income of at least 40,000 USD per year and invest at least 250,000 USD in Thailan government bonds, other type of foreign investment or Thai real estate.
This wealthy retiree only needs to have an income of at least 80,000 USD per year. No investment in Thailand in required. No special banking deposits or requirements are needed (unlike the normal retirement visa).
This "Remote Worker" is considered a person working for a global public or private company that has a combined income of at least least 150 Million USD over the past 3 years (average 50 Million USD per year). But because of the lower income, must have a Masters degree or above, or hold intellectual property, or have Series A funding in their business. They must have at least 5 years of experience in their field.
A "Remote Worker" is considered a person working for a global public or private company that has a combined income of at least least 150 Million USD over the past 3 years (average 50 Million USD per year). They must have at least 5 years of experience in their field. With the higher income, this individual does not need to show any educational qualifications.
These are people who will be working for specific industries in Thailand, or with the Thai Government. Please contact us if you need to discuss this category.
It takes at least 20 business days to be vetted for this visa as the Thailand BOI needs to validate your documents.
Yes. We have established contacts with the BOI so that we can help shepherd you application to a successful conclusion. We will gather, vet and submit your paperwork to the department. This ensures that you do not lose your application fees.
Once the initial vetting is completed then we will assist with the visa application itself so it will be smooth and error-free.
Yes! You can start a business. Register a company in Thailand and get a Digital Work Permit. There is even a special dispensation that you do not have to employ 4 Thai citizens.
With just the visa no. But if you get a work permit, as with all work permit holders you can apply for permanent residence in Thailand after 3 years.
The visa is still new and certain rules are still being put into place. Please keep in touch with this space as we will make regular updates.
If you are planning to apply for LTR make sure you are in these categories ;
An LTR visa holder is permitted to bring along up to 4 family members including their legal spouse and children under the age of 20.
This means those who seek a ‘digital nomad’ lifestyle can apply for the LTR visa and work legally in Thailand for as long as 10 years if they meet the eligibility criteria.
Additionally, the LTR visa holders will be able to apply for work permits to conduct work in the Kingdom.
If you are a foreigners with profession and want to apply for LTR these are the requirments you need :
Thailand is introducing a new visa called “Long-Term Resident (LTR) Visa” which is a program that provides a range of tax and non-tax benefits to enhance the country’s attractiveness as a regional hub for living and doing business for ‘high-potential’ individuals. Today, Thailand is already home to multinational corporations from all over the world and one of the most important tourist destinations in Asia.
If you are a foreigners with high income and a retiress and want to apply for LTR these are the requirments you need :
LTR visas will be offered to four categories of foreigners: Wealthy Global Citizens, Wealthy Pensioners, Work-from-Thailand Professionals, and Highly-Skilled Professionals. Spouses and dependents of LTR visa holders will also qualify for the same visas.
Wealthy Global Citizen
Wealthy individuals holding at least USD 1 million in assets
Retirees aged 50 years and older who have an annual pension or stable income
Work From Thailand Professional / Nomad
Remote workers working for well-established overseas companies
Highly Skilled Professional
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
Spouse and children under 20 years old of LTR visa holders (Maximum 4 dependents in total per one LTR visa holder)
Register and submit online an application for qualification endorsement for LTR Visa and supporting documents.
Within 20 working days after having received complete documents, applicants will be notified of the result.
Qualified applicants may proceed with applying for LTR Visa issuance at the Royal Thai Embassies/the Royal Thai Consulate Generals overseas or Immigration offices in Thailand within 60 days from the issuance date of the endorsement 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, fee may vary depending on the currency exchange rate of each country.
4.Digital Work Permit Issuance
Applicants who work in Thailand, may collect digital work permits at the Department of Employment at One Stop Service Center for Visa and Work Permit, Chamchuri Square Building, Bangkok or provincial labour offices. The processing fee is 3,000 Baht per year to maintain digital work permit.
There will be many privileges for LTR visa holders that will make living in Thailand long term easier. Beyond the overall ease of regulations concerning foreign residents, the LTR visa program makes the process of hiring foreigners easier and the foreign experts hired will strengthen the private business sector of Thailand.
These are the privileges for LTR ;
- 10 year renewable visa
- Employment from 4 Thais to 1 foreigner emplyment requirement ratio
- Fast track service at internationala airports in Thailand
- 1-year report to the Immigration
- Multiple re-entry permit
- Permission to work in Thailand (Digital work permit)
If you are a foreigners with high income retirees want to apply for LTR these are the requirments you need :
If you are a foreigners with foreign experts and want to apply for LTR these are the requirments you need :