Overview of the Thai LTR
18 June 2024 2024-06-28 1:52Overview of the Thai LTR
Thailand's Long-Term Resident (LTR) Visa
Thai LTR Visa
Thailand has long been a popular destination for expatriates seeking to relocate to a country with a warm climate, vibrant culture, and affordable cost of living. In an effort to attract more high-potential foreigners to the country, the Thai government has recently introduced the Long-Term Resident (LTR) Visa. This 10-year visa is designed to encourage wealthy global citizens, retirees, remote workers, and highly skilled professionals to make Thailand their long-term home.
The LTR Visa: Your Key to Living and Working in Thailand for a Decade
What is LTR Visa Thailand?
The LTR Visa is a 10-year visa that allows holders to live and work in Thailand for an extended period. The visa is divided into two five-year terms, with the initial stay granted for five years and the option to extend for an additional five years. LTR Visa holders are required to report their residence status to their local Immigration office annually if they reside in Thailand for 365 consecutive days.
Long-Term Stay
The LTR Visa grants holders permission to stay in Thailand for up to 10 years. The initial visa is valid for five years and can be renewed for an additional five years, provided the qualifications are still met.
Exemption from Foreign Employee Quota
LTR Visa holders are exempt from the requirement that companies must hire four Thai employees for every one foreign employee.
Fast-Track Service at International Airports
Holders of the LTR Visa can enjoy expedited immigration processing at Thai international airports.
Extended Reporting Requirements
Instead of the standard 90-day reporting, LTR Visa holders only need to report to the Immigration office once a year. They are also exempt from the re-entry permit requirement.
Multiple Re-Entry Permit
The LTR Visa includes a multiple re-entry permit, allowing holders to travel in and out of Thailand without the need to apply for a new visa.
Permission to Work in Thailand
LTR Visa holders are granted a digital work permit, enabling them to legally work in the country.
Reduced Personal Income Tax
Highly-skilled professionals holding an LTR Visa benefit from a reduced personal income tax rate of 17%.
Tax Exemption for Overseas Income
LTR Visa holders may be eligible for tax exemptions on their income earned outside of Thailand.
Types of LTR Visas in Thailand
Wealthy Global Citizens:
Individuals holding at least USD 1 million in assets and investing in Thailand | Read More …
Wealthy Pensioners:
Retirees aged 50 years and older who have an annual pension or stable income | Read More …
Work-From-Thailand Professionals:
Remote workers working for well-established overseas companies | Learn More …
Highly Skilled Professionals:
Professionals or experts in targeted industries working for business entities, higher education institutions, research centers, specialized training institutes in Thailand, or Thai government agencies | Learn More …
Dependants:
Spouses and children under 20 years old of LTR visa holders will also qualify for the same visa (maximum of 4 dependants in total per one LTR visa holder) | Read More …
Why Choose New Stamford School and Siam Legal for Your LTR Visa Application?
- Expertise: New Stamford’s lawyer will work together with Siam Legal’s experienced immigration lawyers to ensure that your application is handled professionally and efficiently.
- Convenience: Our comprehensive services cover all aspects of the LTR Visa application process, saving you time and effort.
- Cost-effective: The fees for the LTR Visa application remain the same, and our clients will be taken care of by both New Stamford School and Siam Legal throughout the application process, ensuring a cost-effective experience.
- Personalized support: We provide individualized attention to each client, addressing their unique needs and concerns throughout the visa application process.
- Proven track record: Siam Legal and New Stamford School have a history of successfully assisting clients with their visa applications, giving you peace of mind.
Our collaborative approach, combining the expertise of New Stamford’s lawyer and Siam Legal’s experienced immigration lawyers, ensures that your LTR Visa application is in capable hands.
Unlock Exclusive Benefits
Why New Stamford and Siam Legal are Your Premier Choice for LTR Visa Services
The fees for the LTR Visa remain the same, and our clients will be taken care of by both New Stamford School and Siam Legal throughout the application process, ensuring a seamless and cost-effective experience
Get Your Thailand LTR Visa Today!
The Thailand Long-Term Resident (LTR) Visa is your ticket to living and working in this beautiful country for up to 10 years. At New Stamford, we’re here to make your LTR Visa application process smooth and stress-free.
Our expert consultants will:
- Determine your eligibility and the best visa category for you
- Guide you in preparing and submitting your application
- Assist you throughout the entire process, from start to finish
Don’t let the complexities of the LTR Visa process hold you back. Contact New Stamford today and let us help you make your Thailand dreams a reality!
Application Process Overview
Thailand LTR Visa
Applying for an LTR Visa in Thailand involves several steps, from submitting your application to receiving your visa and work permit. At New Stamford and Siam Legal, we are here to guide you through the entire process, ensuring a smooth and successful application.
Step 1: Initial Consultation and Document Preparation
Step 2: Application Submission and Qualifications Endorsement
Step 3: Visa Issuance
Step 4: Work Permit Issuance
At New Stamford School and Siam Legal, we understand the importance of a successful LTR Visa application. Our experienced team will be with you every step of the way, from the initial consultation to the collection of your visa and work permit. Contact us today to discuss your LTR Visa application and let us help you make your stay in Thailand a reality.
Explore TR Visa Categories and Requirements
How to Qualify for the LTR Visa in Thailand
To qualify for the LTR Visa in Thailand, applicants must meet the specific requirements for one of the following categories:
Wealthy Global Citizens
- Minimum assets of USD 1 million
- Average personal income of USD 80,000 per year in the past two years
- Investment of at least USD 500,000 in Thai government bonds, companies, or property
- Health insurance coverage of at least USD 50,000, social security benefits in Thailand, or a bank account balance of at least USD 100,000 for the past 12 months
Wealthy Pensioners
(Aged 50+)
- Average personal income of USD 80,000 per year in the past two years
- If income is between USD 40,000 and USD 80,000, a master’s degree or higher is required
- Employment contract with a well-established overseas company
- At least 5 years of work experience in the relevant field within the last 10 years
- Health insurance coverage of at least USD 50,000, social security benefits in Thailand, or a bank account balance of at least USD 100,000 for the past 12 months
Work-From-Thailand Professionals
- Average personal income of USD 80,000 per year in the past two years
- If income is between USD 40,000 and USD 80,000, a master’s degree or higher is required
- Employment contract with a well-established overseas company
- At least 5 years of work experience in the relevant field within the last 10 years
High-Skilled Professionals
- Average personal income of USD 80,000 per year in the past two years (exemption for those working with Thai government agencies)
- If income is between USD 40,000 and USD 80,000, a master’s degree or higher in sciences and technology is required
- Employed in targeted industries or possessing expertise in BOI-specified fields
- At least 5 years of work experience in targeted industries within the last 10 years (exemption for those with a PhD or working with Thai government agencies, public higher education institutes, research institutes, or specialized training institutes)
- Health insurance coverage of at least USD 50,000, social security benefits in Thailand, or a bank account balance of at least USD 100,000 for the past 12 months
Spouses and Dependents
- Maximum of 4 dependents per LTR visa holder
- Health insurance coverage of at least USD 50,000, social security benefits in Thailand, or a bank account balance of at least USD 25,000 per dependent for the past 12 months
- Must be a legal spouse or child (under 20 years old) of the LTR visa holder
- Same-sex marriage and partnerships not recognized by Thai law
- Children granted dependent visas until 20 years of age
Required Documents for Thailand LTR Visa Application
The required documents for the Thai LTR Visa application vary depending on the visa category you fall under. To ensure a smooth and successful application process, it’s essential to submit the correct documents specific to your category.
At New Stamford, we understand that determining your eligibility and gathering the necessary documents can be overwhelming. That’s why we encourage you to contact us for a personalized consultation.
FAQ
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What is the Thailand Long-Term Resident (LTR) Visa?
The Thailand LTR Visa is a 10-year visa designed to attract wealthy global citizens, retirees, remote workers, and highly skilled professionals to live and work in Thailand for an extended period.
What are the benefits of the LTR Visa?
The LTR Visa offers several benefits, including a 10-year stay, exemption from foreign employee quota, fast-track service at international airports, extended reporting requirements, multiple re-entry permit, permission to work in Thailand, reduced personal income tax, and tax exemption for overseas income.
Who is eligible for the LTR Visa?
The LTR Visa is available to five categories of foreigners: Wealthy Global Citizens, Wealthy Pensioners, Work-From-Thailand Professionals, Highly Skilled Professionals, and Dependents of LTR Visa holders.
What are the requirements for each LTR Visa category?
Each LTR Visa category has specific requirements regarding minimum assets, income, investment, health insurance coverage, work experience, and educational qualifications. It’s best to consult with New Stamford School and Siam Legal to determine your eligibility and the most suitable category for your situation.
How long does the LTR Visa application process take?
The qualifications endorsement process takes approximately 20 working days, although additional documents may be requested, which could extend the processing time. The pre-approval process generally takes 1-3 working days, and the work permit application typically takes 3-5 working days to process.
How much does the LTR Visa cost?
The processing fee for the 10-year multiple-entry visa is 50,000 Baht per person if collecting the visa in Thailand. Fees may vary and be more expensive if collecting the visa at Royal Thai Embassies/Consulates overseas or through an E-visa. The processing fee for maintaining your work permit is 3,000 Baht per year.
How can New Stamford and Siam Legal assist with the LTR Visa application?
New Stamford and Siam Legal offer comprehensive services to guide you through the entire LTR Visa application process, from the initial consultation to the collection of your visa and work permit. Their experienced team will help determine your eligibility, assist in document preparation, and provide personalized support throughout the process.
Your Key to a Decade in Thailand
Let Us Guide You Through the LTR Visa Process
At New Stamford, in collaboration with Siam Legal, we’re here to make your LTR Visa application journey smooth and stress-free. Our expert consultants will guide you through the process, from determining your eligibility to submitting your application and obtaining your visa and work permit.
Don’t let the complexities of the LTR Visa process hold you back from experiencing the best of Thailand. Contact us today to schedule a discovery call and learn more about how we can help you make your long-term stay in Thailand a reality.
Get in touch with us at thailand@newstamford.com or call our English-speaking staff at 081-127-0117 to take the first step towards your new life in Thailand.