Thailand has launched the Long-Term Resident Visa (LTR Visa) program to attract high-potential foreign nationals to invest, reside, and work in the country. The program is part of the government’s broader economic stimulus strategy, aiming to enhance national competitiveness by offering long-term residence of up to 10 years, along with attractive tax and immigration benefits.
The LTR Visa is categorized into four main types, each with distinct qualifications and conditions tailored to different groups of foreigners:
1. Wealthy Global Citizen
This category targets affluent individuals with significant investment capabilities. Applicants must:
- Invest at least USD 500,000 in Thailand (e.g., government bonds, property, or direct investments);
- Possess personal assets valued at no less than USD 1,000,000.
Applicants must maintain both their investment and financial conditions throughout the duration of the visa.
2. Wealthy Pensioner
Designed for retirees aged 50 years and above who wish to live in Thailand long-term. The key criteria are:
- Annual pension or stable income of at least USD 80,000; or
- If investing at least USD 250,000 in Thailand, the income requirement may be reduced to USD 40,000 per year.
3. Work-From-Thailand Professional
For remote professionals working for overseas employers. The general requirement is:
- Annual income of at least USD 80,000 over the past two years.
- However, if the applicant holds a master’s degree or works with a Series A funded company (with investment of at least USD 1 million), the income threshold may be reduced to USD 40,000 per year.
4. High-Skilled Professional
This visa targets experts in specialized fields such as technology, engineering, or R&D. The applicant must:
- Earn at least USD 80,000 annually; or
- For retired experts in science and technology fields, the minimum income requirement is USD 40,000 per year.
- Eligible professionals must be employed in targeted industries as specified by Thai authorities.
Key Notes:
- Dependents (spouse and children) of LTR Visa holders are eligible to apply under the same program. Proof of relationship and supporting documents must be provided as required by law.
- Health Insurance Requirement: All applicants, including dependents, must present a health insurance policy with a minimum coverage of USD 50,000 throughout their stay in Thailand.