Long-Term Resident Visa (LTR)
As a prominent economy in the ASEAN region, Thailand aims to draw these individuals to enhance its global position and foster foreign investment and economic growth. The LTR visa allows holders to reside and legally work in Thailand for up to ten years, offering numerous benefits such as access to healthcare, education, tax incentives, and the ability to open a bank account.
Benefits of the LTR Visa
The Long-Term Resident (LTR) Visa for Thailand offers a 10-year stay, consisting of an initial 5-year visa with a possible 5-year extension if qualifications are met. Key benefits include:
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Exemption from the requirement of four Thai employees for each foreign worker
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Fast track service at international airports in Thailand
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90-day reporting requirement extended to one year, along with an exemption from the re-entry permit requirement
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Multiple re-entry permits allowed
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Permission to work in Thailand
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A 17% personal income tax rate for highly-skilled professionals
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Tax exemption on overseas income
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Immigration and work permit facilitation at the One Stop Service Center for visa and work permit services
Categories of foreigners for LTR Visa:
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Wealthy Global Citizen (Wealthy individuals holding at least 1 million USD in assets)
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Wealthy Pensioner (Retirees aged 50 years and older who have an annual pension or stable income)
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Work - From Thailand Professional (Remote workers working for well-established overseas companies)
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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)
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Dependents (Spouse and children under 20 years old of LTR Visa holders with the maximum of 4 dependents in total per one LTR Visa holder)