{"id":1961,"date":"2022-05-30T14:03:52","date_gmt":"2022-05-30T07:03:52","guid":{"rendered":"https:\/\/blog.plizz.co\/?p=959"},"modified":"2022-05-30T14:03:52","modified_gmt":"2022-05-30T07:03:52","slug":"thailands-long-term-resident-program-ltr-eligibility-and-requirements","status":"publish","type":"post","link":"https:\/\/plizz.co\/th\/blog\/thailands-long-term-resident-program-ltr-eligibility-and-requirements\/","title":{"rendered":"Thailand\u2019s Long-Term Resident Program (LTR): Eligibility and Requirements"},"content":{"rendered":"<p><em>May 30, 2022<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/plizz.co\/wp-content\/uploads\/2022\/05\/Digital-nomads-1-960x600-1.jpg\" alt=\"\" class=\"wp-image-960\" \/><\/figure>\n\n\n\n<p>It is expected that&nbsp;LTR&nbsp;Visa&nbsp;will become effective around&nbsp;<strong>September&nbsp;2022 <\/strong>since currently<strong>&nbsp;<\/strong>LTR&nbsp;Visa (10 years) is not yet effective.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Thailand is introducing a new visa called \u201cLong-Term Resident (LTR)\u201d which is a program that provides a range of tax and non-tax benefits to enhance the country\u2019s attractiveness as a regional hub for living and doing business for \u2018high-potential\u2019 foreigners. Today, Thailand is already 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 \u201cwork from anywhere\u201d professionals.<\/p>\n\n\n\n<p><br>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 target of attracting one million wealthy or talented foreign residents into the country over the next five years.<\/p>\n\n\n\n<p>There will be four categories of&nbsp;LTR&nbsp;Visa as follows:<br>1.&nbsp;<strong>Wealthy Global Citizen<\/strong><br>2.&nbsp;<strong>Wealthy Pensioner<\/strong><br>3.&nbsp;<strong>Work-From-Thailand Professional<\/strong>&nbsp;(remote worker)<br>4.&nbsp;<strong>High-Skilled Professional<\/strong>&nbsp;<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p><strong>For your consideration, below are&nbsp;<\/strong><strong>drafted<\/strong><strong>&nbsp;qualifications and criteria for Long Term Residence Visa:&nbsp;<\/strong><em>Wealthy<\/em><em>&nbsp;<\/em><em>Global<\/em><em>&nbsp;Citizen,&nbsp;<\/em><em>Wealthy<\/em><em>&nbsp;Pensioner, Work-from-Thailand Professional and&nbsp;<\/em><em>High-Skill<\/em><em>&nbsp;Professional.<\/em><\/p>\n\n\n\n<p><strong><u>Wealthy<\/u><\/strong><strong><u>&nbsp;<\/u><\/strong><strong><u>Global<\/u><\/strong><strong><u>&nbsp;Citizen<\/u><\/strong><\/p>\n\n\n\n<p>&#8211; Personal income of no less than $80,000\/ year in the past 2 years before applying for the visa<\/p>\n\n\n\n<p>&#8211; Directly invest in Thailand as an individual investor no less than $500,000 in at least one of the undermentioned items before applying for the visa:<\/p>\n\n\n\n<p>a) Thai government bond issued by the Ministry of Finance with over 5 years of remaining maturity at the time of application<\/p>\n\n\n\n<p>b) Investment in a limited company or public company registered under Thai law,\u00a0<strong><u>and<\/u><\/strong>\u00a0investment in a venture capital company registered with the Securities and Exchange Commission (SEC), Thailand, excluding investment in the Stock Exchange of Thailand (SET)\u00a0<\/p>\n\n\n\n<p>c) Investment in real estate (condominiums)&nbsp;<\/p>\n\n\n\n<p>&#8211; Net asset value of no less than $1 million USD at the time of application (excluding assets without proof of applicant&#8217;s ownership and assets without reliable market appraisal evidence e.g. artworks, amulets, cryptocurrencies, or memberships)<\/p>\n\n\n\n<p>&#8211; Health insurance with a coverage of no less than $50,000 USD with the remaining maturity of no less than 10 months at the time of application\u00a0<strong><u>or<\/u><\/strong>\u00a0valid social security benefits which insures hospitalization and treatment in Thailand\u00a0<strong><u>or<\/u><\/strong>\u00a0deposit of no less than 100,000 USD in a bank account which has been held for at least 12 months at the time of application<\/p>\n\n\n\n<p><strong><u>Wealthy<\/u><\/strong><strong><u>&nbsp;Pensioner<\/u><\/strong><\/p>\n\n\n\n<p>-50+ years of age who receives regular pension income<\/p>\n\n\n\n<p>-Personal pension income of no less than $80,000\/ year<\/p>\n\n\n\n<p>-In case of personal income below $80,000 but no less than $40,000\/year, applicants must have the investment of no less than $250,000 in&nbsp;<em>any of the following:<\/em><\/p>\n\n\n\n<p>a) Thai government bond issued by the Ministry of Finance with over 5 years of remaining maturity at the time of application<\/p>\n\n\n\n<p>b) Investment in a limited company or public company registered under Thai law,&nbsp;<strong><u>and<\/u><\/strong>&nbsp;investment in a venture capital company registered with the Securities and Exchange Commission (SEC), Thailand, excluding investment in the Stock Exchange of Thailand (SET)&nbsp;<\/p>\n\n\n\n<p>c) Investment in real estate (condominiums)&nbsp;<\/p>\n\n\n\n<p>-Health insurance policy of no less than $50,000 coverage through the entire period of stay in Thailand or social security healthcare, which insures hospitalization treatment in Thailand<\/p>\n\n\n\n<p><strong><u>Work-From-Thailand Professional<\/u><\/strong><\/p>\n\n\n\n<p>&#8211; Personal income of no less than $80,000\/year in the past two years before applying for the visa. In case of annual personal income below $80,000 but no less than $40,000 in the past two years, applicants must have a master&#8217;s degree (or above), own intellectual property, or receive Series A funding<\/p>\n\n\n\n<p>&#8211; Health insurance policy of no less than $50,000 coverage through the entire period of stay in Thailand or social security healthcare, which insures hospitalization treatment in Thailand.<\/p>\n\n\n\n<p>&#8211; At least five years of working experience in the relevant field to the current employment.<\/p>\n\n\n\n<p>&#8211; Current employer must have one of the following characteristics;<\/p>\n\n\n\n<p>a) a public company listed on the stock exchange in any country<\/p>\n\n\n\n<p>b) a private company that has been in operation for at least three years and has total combined revenue of more than $150 million in the last three years<\/p>\n\n\n\n<p><strong><u>High-Skill<\/u><\/strong><strong><u>&nbsp;Professional<\/u><\/strong><\/p>\n\n\n\n<p>-High skilled professionals working in business in targeted industries in Thailand<\/p>\n\n\n\n<p>-Experts in targeted industries, working for a Thai government agency or a higher education institution or a specialized training institution in Thailand<\/p>\n\n\n\n<p>-Personal income of no less than $80,000\/ year in the past 2 years<\/p>\n\n\n\n<p>-In case of annual personal income below $80,000 but no less than $40,000 in the past 2 years, applicants must have science and technology master degree or above or have special high-skilled expertise relevant to the job assignment in Thailand<\/p>\n\n\n\n<p><em>-No minimum personal income for experts working for a Thai government<\/em><br><em>agency or a state-owned higher education institution or a state-owned<\/em> <em>specialized training institution in Thailand<\/em><\/p>\n\n\n\n<p>-Health insurance policy of no less than $50,000 coverage through the entire period of stay in Thailand or social security healthcare, which insures hospitalization treatment in Thailand<\/p>\n\n\n\n<p>-At least 5 years of working experience in the targeted industries except for applicants working for a Thai government agency or a state-owned higher education institution or a state-owned specialized training an institution in Thailand or applicants with a doctorate degree<\/p>\n\n\n\n<p><strong>Visa Application and Issuance<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Register and submit online an application for qualification endorsement for<br>LTR Visa and supporting documents.<\/li><li>Within 20 working days after having received complete documents, applicants<br>will be notified of the result.<\/li><li>Qualified applicants may proceed with applying for LTR Visa issuance at<br>the Royal Thai Embassies\/the Royal Thai Consulate Generals overseas<br>or Immigration offices in Thailand within 60 days from the issuance date<br>of the endorsement letter. The processing fee for the 10-year visa with multiple<br>entry is 50,000 Baht per person.<\/li><li>Applicants who work in Thailand, may collect digital work permits at<br>the Department of Employment at One Stop Service Center for Visa and<br>Work Permit, Chamchuri Square Building, Bangkok or provincial labour<br>offices. The processing fee is 3,000 Baht per year to maintain digital work permit.<\/li><\/ol>\n\n\n\n<p>Source: <a href=\"https:\/\/smart-visa.boi.go.th\/smart\/index.html\">Smart Visa Unit<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>May 30, 2022 It is expected that&nbsp;LTR&nbsp;Visa&nbsp;will become effective around&nbsp;September&nbsp;2022 since currently&nbsp;LTR&nbsp;Visa (10 years) is not yet effective.&nbsp;&nbsp; Thailand is introducing a new visa called \u201cLong-Term Resident (LTR)\u201d which is a program that provides a range of tax and non-tax benefits to enhance the country\u2019s attractiveness as a regional hub for living and doing business [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":1455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-1961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Thailand\u2019s Long-Term Resident Program (LTR): Eligibility and Requirements<\/title>\n<meta name=\"description\" content=\"Read our article &quot; Thailand\u2019s Long-Term Resident Program (LTR): Eligibility and Requirements &quot;. 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