Long-Term Resident (LTR) visa to Thailand explained

In September 2022 the Thai government introduced new long-term visas for high earning individuals. These visas allow you to stay in the country for 10 years. Read on to find out all about the rules and regulations concerning the visas.

Who is the LTR visa for?

LTR visas to Thailand are not for everyone and it’s worth saying that the Thai government wants to attract richer people to the country.

You are eligible for this visa if you are:

• a retiree
• you are a high-earner
• your work remotely
• you have ‘special skills’ as indicated by the government.

The benefits

Long-term resident visa gives you an opportunity to work and live in Thailand for 10 years. This means that you won’t have to visit an immigration office every few months to apply. You apply once and live and work in Thailand long- term without issues.

One applicant can bring his family of up to 4 people with them.

They can also apply for work permits and work legally in the Kingdom.

Long-term resident visas – Requirements

What are the requirements for each of the above applicants? Here are the most important points.

A high-income retiree

You must:

• Have a health insurance policy that covers you for minimum of 50,000 USD, or provide a proof of savings of minimum 100,000 USD held in a Thai bank account. The money should be there no less than 12 months before the application.
• Have a proof of income of minimum 80,000 USD annually.
• Invest at least 250,000 USD in Thai bonds, or properties in Thailand IF you don’t have the income of 80,000 USD annually.

A high-income individual

You must:

• Have a health insurance policy that covers you for minimum of 50,000 USD, or provide a proof of savings of minimum 100,000 USD held in a Thai bank account. The money should be there no less than 12 months before the application.
• Have a personal income of 80,000 USD annually for at least 2 years before applying.
• Have at least 1 mln USD in assets.
• Have investments of minimum 500,000 USD in Thai government bonds or properties in Thailand.

A working professional

You must:

• Have a working agreement with a Thai or foreign company.
• Be employed by a public company on stock exchange or a private company operating for at least 3 years.
• Have a personal income of minimum of 80,000 USD annually.
• In case of having personal income only between USD 40,000 to USD 80,000/ year in the part 2 years, the applicant must have a Master’s degree or above or own intellectual property or receive Series A funding of no less than USD 1 million.
• Have a health insurance policy that covers you for minimum of 50,000 USD, or provide a proof of savings of minimum 100,000 USD held in a Thai bank account. The money should be there no less than 12 months before the application.

Experts with special skills

• Must produce an employment contract or service agreement entered with business in Thailand or abroad.
• Foreign specialists must show proof of work experience in one of the targeted industries for a minimum of 5 years except for applicants with a PhD or above in relevant fields.
• Personal income of a minimum of 80,000 USD/year in the past 2 years.
• In case of having personal income only between USD 40,000 to USD 80,000/ year in the past 2 years or before retirement, the applicant must have a Master’s degree or above in science and technology or special expertise relevant to the job assignment in Thailand.
• No minimum income requirement for foreign workers who intend to conduct work in government higher educational institutions, research centers, specialized training centers, or government agencies.
• Must present a health insurance policy covering medical expenses in Thailand no less than USD 50,000. The remaining coverage period shall not be less than 10 months on the date of the application, OR provide evidence of savings of at least USD 100,000 held in a Thai or overseas bank account for no less than 12 months before the date of application.