The Long-Term Resident (LTR) Visa is a 10-year visa aimed at attracting high-potential foreigners who wish to relocate to Thailand on a long-term basis and who are expected to stimulate overseas investment and economic development in the country. The visa allows holders to live and work in Thailand for up to ten years and provides many benefits, including access to healthcare, education, and the ability to open a bank account.
LTR Visa Categories
The Thailand Long-Term Resident LTR Visa is offered to four categories of foreign individuals:
- Wealthy Global Citizens
- Wealthy Pensioners
- Work-From-Thailand Professionals
- Highly-Skilled Professionals
LTR Visa holders may also bring up to 4 family members; their legal spouse and children under the age of 20. Spouses and dependents will qualify for the same visa category as the LTR Visa holder.
Who are qualified for LTR Visa Thailand
Each category has different eligibility requirements and applications are considered based on the set criteria for the category applied for. For each category, all requirements must be satisfied in order to qualify. Documents will need to be provided as evidence. Applicants for every category must also have health insurance with at least USD 50,000 coverage or at least USD 100,000 deposit in a Thai bank account.
Wealthy Global Citizens
For wealthy individuals holding at least USD 1 million in assets.
- Assets of a minimum of USD 1 million.
- An annual income of at least USD 80,000 for the past two years.
- Minimum investment of USD 500,000 in Thai government bonds, foreign direct investment, Thai property or any combination.
Wealthy Pensioners
For retirees aged 50 years or older who have an annual pension or stable passive income.
- Personal income of at least USD 80,000 a year at the time of application.
- Applicants with a personal income ranging between USD 40,000 and USD 80,000 a year may also be eligible, granted they have a minimum investment of USD 250,000 in Thai government bonds, foreign direct investment, Thai property, or any combination.
- Income from employment will not be considered under this category.
Work-From-Thailand Professionals
For remote workers of well-established overseas companies.
- An annual income of at least USD 80,000 for the past two years.
- Applicants with an annual income ranging between USD 40,000 and USD 80,000 may also be eligible if they have a Master’s degree or above, own intellectual property, or have received Series A funding.
- The current employer must be a Public company listed on a stock exchange or a Private company that has been in operation for a minimum of three years with a combined revenue of at least USD 150 million in the past three years.
- The applicant must have at least 5 years of experience in the relevant fields of their current employment over the past 10 years.
Highly-Skilled Professionals
For professionals or experts in targeted industries working for Business entities, institutions, and government agencies in Thailand.
- An annual income of at least USD 80,000 for the past two years.
- Applicants with an annual income ranging between USD 40,000 and USD 80,000 may also be eligible if they have a Master’s degree or above in science and technology or special expertise relevant to the job assignment in Thailand.
- There are no minimum income requirements for applicants who are intending to work in government higher educational institutions, research centers, specialized training centers or government agencies.
- Business must be in one of the targeted industries.
- The applicant must have at least 5 years of experience in the targeted industries or have a Ph.D. in relevant fields or work for a Thai government agency.
Spouses and Dependents
- Must be legal dependents of the applicant (spouses and children under 20 years of age)
- Same-sex marriage or partnerships are currently not currently recognized under Thai Law.
- Health insurance with at least USD 25,000 coverage.
- Children will only be eligible as dependents until 20 years of age.
How to Apply for the LTR Visa Thailand
Siam Legal can assist with your LTR Visa application. First we will review your documents in our initial consultation to determine your eligibility and the most suitable category for your application. After the consultation we will gather all the necessary documents and prescreen them before the submission of the application. We will only submit your application if we are satisfied that your documents satisfy the criteria for your chosen category. Throughout the entire process we will be in contact with government agencies and will inform you of any requests for additional documents.
If the application is approved, you will have 60 days to collect your visa. You can choose to collect your visa in Bangkok or at a Royal Thai Embassy or Consulate overseas. If you choose to collect your visa in Bangkok we will accompany you to the BOI to receive your visa. After the issuance of your visa we will assist with any work permit applications.
