Philippines provides an appealing alternative to Thailand’s 10-year LTR visa

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Foreigners can obtain permanent residency in the Philippines by investing $75,000 in companies or stocks.

The visa yields more returns for a smaller investment than Thailand’s 10-year LTR visa, which has not received as much attention as anticipated since its launch one month ago.

In contrast to Thailand, foreign investors in the Philippines are promptly granted residency. SIRV holders, their wives, and their children can permanently enter and exit the Philippines.

Applicants for a 10-year visa in Thailand must have assets of 36.5 million baht (US$1 million), an annual income of 3 million baht (US$80,000), and a Thai investment of 18.3 million baht (US$500,000).

To qualify for Thailand’s LTR visa, pensioners must be 50 years old, have an annual income of 1 million baht, and invest 9.1 million baht (US$250,000). Remote workers applying for the Thai LTR visa must be employed by an overseas company with annual revenue of 3 million baht or a personal annual income of 1.5 million baht, possess a master’s degree, intellectual property assets, or Series A funding, and have a personal annual income of at least 1.5 million baht. Same for skilled professionals applying for an LTR visa in Thailand. They must have a comparable income or a master’s degree in science and technology. The 20-year Premium Visa Program in Malaysia costs $220,000. Malaysia also offers ‘Malaysia My Second Home’ (MMSH) to those over the age of 35 who have $320,000 in liquid assets and a monthly income of $8,600. The CM2H visa grants citizenship to investors who invest $100,000 in Cambodia. The applicant must make an investment with the Khmer Home Charity Association. The visa and Thai LTR permit employment. The Philippines and Malaysia do not automatically issue work visas. In January, Singapore will grant foreigners earning $30,000 a five-year visa. The Overseas Networks and Expertise (ONE) pass will allow “extraordinary persons” in sports, arts, science, and academia who do not meet pay requirements to apply to begin January 1, 2023.