On 13 January 2025, Thailand’s Cabinet approved significant updates to the LTR Visa program, making it easier than ever for foreign professionals, investors, and executives to call Thailand home. Here is what you need to know about these dynamic updates:
1. New Opportunities for Highly-Skilled Professionals
Expanded eligibility includes development, sustainability, disaster and risk management, integrated innovation, and educators in vocational and higher education.
2. Removal of Work Experience Requirements
The five-year minimum experience rule for Highly-Skilled and Work-from-Thailand Professionals is eliminated.
3. Lower Corporate Revenue Thresholds
The revenue requirement for overseas employers sponsoring Work-from-Thailand Professionals has been reduced from USD 150M to USD 50M. Subsidiaries can qualify based on the financial stability of their parent companies. This opens the door for tech startups, lean global firms, and forward-thinking businesses to thrive in Thailand’s dynamic market.
4. Flexible Wealth Criteria for Investors
The Wealthy Global Citizens category focuses on cumulative wealth and investments in Thailand. The program prioritizes long-term investment, making it perfect for global citizens with diversified income streams and wealth portfolios.
5. Expanded Rights for Dependents
Dependents, including parents and legal guardians, can join LTR visa holders without limits on the number of dependents. Thailand is rolling out the red carpet for families, offering a welcoming and supportive environment for long-term settlement.
Key Updates to Thailand’s Long-Term Resident (LTR) Visa Program_Bangkok Global Law