Thailand will start to offer a 10 year Long Term Resident Visa (LTR) starting September 1st which will be targeting the following categories:
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)
Long Term Resident Visa Privileges
There will be many privileges for LTR visa holders that will make living in Thailand long term easier and less bureaucratic. These privileges include: discounted personal income tax rate, the removal of the requirement for employers to hire four Thai citizens per foreigner, fast track at international airports, 1 year reporting to Immigration instead of 90 days, and 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.
- 10* years renewable visa
- Exemption from 4 Thais to 1 foreigner employment requirement ratio
- 90-day report extended to 1-year report and exemption of re-entry permit
- Permission to work in Thailand (Digital Work permit)
- 17% Personal income tax for High-skilled professionals
- Immigration and work permit facilitation services
While not everyone will be able to qualify this visa will be a great addition for select working professionals, and retirees.
You can read more information about the Long Term Resident Visa Requirements (LTR) Here.