Thailand’s Long-Term Resident Program (LTR)

Thailand is introducing a new visa called “Long-Term Resident (LTR)”
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’ foreigners. Today, Thailand isalready home to multinational corporations from all over the world
and one of the most important tourist destinations in Asia. Thailand presents
itself as a very attractive location for “work from anywhere” professionals.
This new visa program is expected to attract new foreign residents,
technologies and talents contributing to domestic spending and investment
while supporting economic growth. The Thai government has set the targetof attracting one million wealthy or talented foreign residents into
the country over the next five years.

Which categories of foreigners will be offered LTR visasin Thailand?
LTR visas will be offered to four categories of foreigners:
Global Wealthy Witizens, 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 individuals holding at least USD 1 million in assets

Retirees aged 50 years and older who have an annual
pension or stable income

Remote workers working for well-established overseas
companies

Professionals or experts in targeted industries working forbusiness entities or higher education institutes or research
centers or specialized training institutions in Thailand orThai government agencies

Spouse and children under 20 years old of LTR visa holders(Maximum 4 dependents in total per one LTR visa holder)What privileges will be offered to LTR visa holders

There will be many privileges for LTR visa holders that will makeliving in Thailand long term easier and less bureaucratic. These privileges
include: discounted personal income tax rate, the removal of therequirement 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

Exemptionfrom 4 Thais to 1
foreigner employment
requirement ratio

Fast Track Serviceat International Airports
in Thailand

90-day report extended
to 1-year reportand exemption ofre-entry permit

Permission to workin Thailand(Digital Work permit)

17% Personal income tax
for High-skilled
professionals

Immigration and work permit facilitation services
at One Stop Service Center for Visa and Work Permit

What privileges will be offered to LTR visa holders

Interested in living in Thailand under this new LTR Visa and enjoy a wide
range of benefits? Here’s the criteria below:

Qualifications
and Criteria

Wealthy Global Citizen

Wealthy Pensioner

At least USD 1 million in assets

Personal income of at least
USD 80,000/year at the time ofapplication

Personal income of a minimumof USD 80,000/ year in the past
two years

Wealth Status &Investment

Health Insurance

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

Work-from-Thailand
ProfessionalPersonal income

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

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

Highly-Skilled Professional

In case of personal income below
USD 80,000/year but no less than
USD 40,000/year in the past two yearsor before retirement, applicants musthave a Master’s degree or above inscience and technology or special
expertise relevant to the job assignmentin Thailand
No minimum personal income forprofessionals working for Thai governmen
agencies

Current employer

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 experiencein the relevant fields of the current
employment over the past 10 years

Experience

Health Insurance

Business in any targeted industries
Higher education institution,
research institution, specialized
training institution, or Thai government
agencyAt least 5 years of work experiencein the targeted industries except for
applicants with a PhD or abovein the relevant fields of the targetedindustries 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

Note: The BOI as the secretariat office will also assess the scheme regularly and review
any terms of LTR visa and eligibility criteria as deemed appropriate.

Visa Application and Issuance

1. Register and submit online an application for qualification endorsement for
LTR Visa and supporting documents.
2. Within 20 working days after having received complete documents, applicants
will be notified of the result.
3. 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 dateof the endorsement letter. The processing fee for the 10-year visa with multiple
entry is 50,000 Baht per person.
4. Applicants who work in Thailand, may collect digital work permits at
the Department of Employment at One Stop Service Center for Visa andWork Permit, Chamchuri Square Building, Bangkok or provincial labour
offices. The processing fee is 3,000 Baht per year to maintain digital work permit.

ApplicantRegister and submit
application online
Document Verification

resultQualified
ApplicantVisa issuanceCollecting LTR Visa overseas

Collecting LTR Visa in Thailand

Thai Embassies/Consulates

Thai Immigration Offices

Collecting digital work permit
Department of Employment

Digital work permit