Thailand Long-Term Resident Visa with multiple benefits is now available for high-potential foreign nationals planning to relocate to Thailand. This program is designed to promote Thailand as a regional hub for living and doing business for ‘high-potential’ foreigners.
BENEFITS OF THAILAND LONG-TERM RESIDENT VISA
- A Visa with 10-year validity (extendedable);
- The requirement to report to immigration every 90 days is extended to 1-year;
- Multiple re-entry permit;
- Permission to work in Thailand (Digital Work Permit);
- Personal income tax rate reduction to 17% for highly skilled professionals;
- Tax Exemption for overseas income
- Exemption from the four Thais to one foreigner employment requirement ratio.
- Fast track service at international airports in Thailand;
TYPES OF LONG-TERM RESIDENT VISA
The Thailand Long-Term Resident Visa is available in 4 categories:
WEALTHY GLOBAL CITIZENS
This is for wealthy foreign nationals holding at least USD 1M in assets.
WEALTH STATUS
- The foreigner must have at least USD 1 million in assets;
- Personal income of a minimum of USD 80,000/ year in the past two years.
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INVESTMENT
- Investment of at least USD 500,000 in Thai government bonds, foreign direct investment, or Thai property.
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HEALTH INSURANCE
- Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit.
Foreign Retirees (Wealthy Pensioners)
This is for foreign retirees aged 50 years and older having an annual pension or stable income.
WEALTH STATUS
- The foreign retiree must have a Personal Income of at least USD 80,000/year at the time of application.
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INVESTMENT
- In case of personal income below USD 80,000/year but no less than USD 40,000/year, applicants must invest at least USD 250,000 in Thai government bonds, foreign direct investment, or Thai property.
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HEALTH INSURANCE
- Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit.
Work-from-Thailand Professionals
This is for Remote Workers working for well-established overseas companies.
INCOME
- Personal income of a minimum of USD 80,000 / year in the past two years;
- In case of personal income below USD 80,000/year but no less than USD 40,000/year in the past two years, applicants must have a Master’s degree or above or own intellectual property or receive Series A funding.
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CURRENT EMPLOYER
- Public company on a stock exchange or; Private company in operation for at least three years with combined revenue at least USD 150 million in the last three years.
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EXPERIENCE
- At least 5 years of work experience in the relevant fields of the current employment over the past 10 years.
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HEALTH INSURANCE
- Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit.
Highly-Skilled Professionals
This is for 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.
INCOME
- Personal income of a minimum of USD 80,000 / year in the past two years;
- In case of personal income below USD 80,000/year but no less than USD 40,000/year in the past two years or before retirement, applicants must have a Master’s degree or above in science and technology or special expertise relevant to the job assignment in Thailand;
- No minimum personal income for professionals working for Thai government agencies
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CURRENT EMPLOYER
- Business in any targeted industries;
- Higher education institution, research institution, specialized training institution, or Thai government agency.
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EXPERIENCE
- At least 5 years of work experience in the targeted industries except for applicants with a PhD or above in the relevant fields of the targeted industries or applicants working for Thai government agencies.
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HEALTH INSURANCE
- Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit.
SPOUSES AND DEPENDENTS
LTR visa holder's spouse and children under 20 years of age will also qualify for the same visas (including up to 4 dependents per LTR visa holder).
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