A Guide to the Long-Term Resident (LTR) Visa in Thailand

Looking to make Thailand your long-term home? The Long-Term Resident (LTR) Visa might be just what you need. This visa offers a wealth of benefits for foreign nationals seeking to live, work, or retire in Thailand with minimal hassle. Here's everything you need to know about the LTR Visa, its privileges, and how to qualify.

Key Privileges of the LTR Visa:

1. Extended Stay: The LTR Visa is valid for 10 years and can be renewed, allowing you to live in Thailand worry-free.

2. Multiple Re-Entry: You can travel in and out of Thailand as often as you like without applying for re-entry permits.

3. Initial 5-Year Stay: Upon approval, you can stay for an initial period of 5 years, extendable for another 5 years.

4. Simplified Reporting: Instead of the usual 90-day reporting to immigration, LTR Visa holders only need to report once a year.

5. Work Authorization: A digital work permit is included, allowing you to work legally in Thailand.

6. Employment Flexibility: The requirement to employ four Thai nationals per one foreigner is waived for LTR Visa holders.

7. Tax Perks: Highly skilled professionals pay a personal income tax rate of just 17%.

8. Tax Exemptions: Income earned overseas is not taxed in Thailand, a great incentive for international workers.

9. One-Stop Service: The visa is issued through Thailand’s One-Stop Service Center (OSS), making the process more efficient.

10. Family Benefits: Your spouse and children (under 20 years old) can apply for a dependent visa, making Thailand a family-friendly destination.

11. Fast-Track Service: Enjoy priority processing and quicker approval times for your application.

LTR Visa Categories and Qualifications:

1. Wealthy Global Citizen:

   • Income: You must have a personal income of at least USD 80,000/year over the past two years.

   • Investment: Invest a minimum of USD 1 million in Thai real estate or in companies registered in Thailand.

   • Health Insurance: Maintain health insurance coverage of at least USD 50,000, or have a deposit of USD 100,000 in your account for 12 months.

2. Wealthy Pensioners (50 years and older):

   • Income: You need a stable income or pension of USD 80,000/year. If your income is between USD 40,000 and USD 80,000, you can qualify by investing USD 500,000 in Thai assets, such as government bonds or real estate.

   • Health Insurance: Similar to the first category, you must either have USD 50,000 in health insurance or hold significant savings.

3. Work-from-Thailand Professionals:

   • Ideal for remote workers employed by reputable overseas companies

   • Income: Earn a minimum of USD 80,000/year over the past two years.

   • Experience: Have at least 5 years of work experience in your field.

4. Highly Skilled Professionals:

   • This is designed for experts in industries targeted by Thailand's Board of Investment (BOI), such as tech, healthcare, and research.

   • Income: A minimum of USD 80,000/year (lower if you work for a Thai government agency or possess a higher degree).

   • Experience: At least 5 years of professional experience in your industry.

Application Process:

1. Submit Application Online: Start by submitting your application and supporting documents online.

2. Qualification Endorsement: Your application will be reviewed by Thai authorities, and you’ll be notified of the result within 20 working days.

3. Visa Issuance: Once approved, schedule an appointment to collect your visa. You’ll have 60 days to complete this process.

Work Permits:

LTR Visa holders are required to obtain a work permit to legally work in Thailand. This can be processed through the LTR application system, with an annual fee of 3,000 Baht. Importantly, you can start working while your visa application is being processed.

Family Matters:

You can also apply for dependent visas for your spouse and children (up to 4 dependents). Children can remain on the dependent visa until they turn 20.

Fast and Efficient Processing:

LTR Visa applicants benefit from a fast-track service, ensuring a smooth and efficient process from application to approval.

Why Choose Singha Legal to Help with Your LTR Visa Application?

Navigating the LTR visa process can be a bit overwhelming, but Singha Legal is here to help make it easier for you. With experience in handling visa applications for foreigners, we provide clear guidance and support throughout the process. Our team will assist you with preparing the necessary documents, submitting the application, and answering any questions you may have along the way.

Whether you're applying as a professional, retiree, or investor, Singha Legal is ready to assist you in making Thailand your new home. Reach out to us today to learn how we can help with your LTR visa application.