Thailand LTR Visa: A Comprehensive Guide

Thailand LTR Visa: An Overview

Effective September 1, 2022, Thailand’s Board of Investment launched the Long-Term Resident (LTR) Visa program. The primary goal of this initiative is to attract highly skilled global professionals from various industries, especially those not tied to a physical office, to reside in Thailand. The LTR visa offers eligible individuals a streamlined pathway to a 10-year residency in the country, along with certain tax benefits.

However, it’s important to note that the LTR program has very stringent requirements for applicants.

Eligibility & Requirements:

The Thailand Long-Term Resident (LTR) Visa currently offers four distinct pathways for eligible applicants: Wealthy Global Citizens, Wealthy Pensioners, Highly Skilled Professionals, and Work-from-Thailand Professionals.

1. Wealthy Global Citizens：

To qualify under this category, applicants must meet the following criteria:

• Possess at least $1 million USD in net assets.

• Have an average annual income of over $80,000 USD for the past two years.

• Invest at least $500,000 USD in Thai government bonds or Thai companies.

2. Wealthy Pensioners：

This pathway is for individuals with substantial passive income:

• Provide proof of at least $80,000 USD in passive annual income at the time of application.

• If your passive annual income is less than $80,000 USD but more than $40,000 USD, you must invest $250,000 USD in Thai government bonds or Thai companies.

3. Work-from-Thailand Professionals：

For those working remotely while residing in Thailand, the requirements are:

• An average annual income exceeding $80,000 USD for the past two years.

• If your annual income is less than $80,000 USD but more than $40,000 USD, you’ll need to provide supporting documents such as a master’s degree or higher education, or professional qualifications.

• Your employer must be a Thai public company or a Thai private company that has been operating for at least three years with a cumulative revenue of over $150 million USD in the past three years.

• You must have at least 5 years of work experience in your current field within the last 10 years.

4. Highly Skilled Professionals：

This category targets experts in specific fields:

• An average annual income exceeding $80,000 USD for the past two years.

• If your annual income is less than $80,000 USD but more than $40,000 USD, you’ll need to provide supporting documents such as a master’s degree or higher education, or professional qualifications.

• You must be working in or have expertise in a targeted industry that Thailand prioritizes for development.

• You must have at least 5 years of work experience in a relevant industry within the last 10 years.

Additional Requirements for All LTR Applicants：

Beyond the specific financial and professional criteria for each category, all LTR visa applicants must also demonstrate health insurance coverage with a minimum of $50,000 USD or maintain a deposit of $100,000 USD in a local Thai bank.