aublumberg

You can back it up with your fixed account which they freeze at your credit line.

Am a very recent UOB customer in addition to also having accounts at the usual local banks (BBK, K-Bank, SCB) and found their staff at UOB HQ on Sukhumvit refreshingly professional, commercially minded and modern to deal with during account opening and getting a credit card (no work permit and the usual local payslips, so most local banks just say "no"). Will see how it goes with UOB as an international alternative to the local banks going forward and who deserves more of my business ...

I don't believe you can use Wise to send from Thailand to Europe, see https://wise.com/help/articles/2932335/guide-to-thb-transfers ("You can’t currently send money from THB."). I've only ever used Wise for Thailand inbound transfers. There are services to send money from Thailand to Europe, e.g. https://www.deemoney.com/ but no personal experience. Poland seems not listed on their website as yet.

Thank you @Boomer6969, have explored this further and it ended up being fairly straightforward with Bangkok Bank (Visa, 500k) and UOB (Mastercard, 900k) apart from the three dozen or so pages with signatures each time.

It's listed on the BoI LTR website. At Suvarnabhumi itself one of the categories to use Fast Track is 'Smart Visa' (also BoI administered), it doesn't specifically state 'LTR' on the posters but I've traveled in and out a couple times and no problem. If challenged say you have "Smart Visa LTR" or something.

Don't worry, the stamp you will get when entering Thailand will have 5 years only. Was the same for my visa issued by Royal Thai Consulate in Hong Kong.

Thanks much @Misty for sharing these updated figures. A slow drip with a lot of WIP.

Yes a couple other factual inaccuracies in the article. It also doesn't even mention the Royal decree 743 nor the Revenue Department notification 427, both listed on the BOI LTR website. So the LTR specifics are not duly considered in the article. This is not a surprise since the article is dated 14 Sep 2022 (and thus probably written a week or more prior) at which time the LTR had only just been launched and the info on the BOI LTR website was not as comprehensive as it is today. The majority of the aspects in the article are not dependent on LTR visa but are generally applicable. Similarly, I would expect the average person answering enquiries at the Revenue Department not to know the LTR specifics. It's just too new, and too rare. Here is a more relevant article from an expert firm specialised in Thai tax: Thailand Long Term Resident Visa Tax - SHERRINGS. I've contacted two of the global top four tax and accounting firms and both provide specific tax advisory on this point for around USD2,000 - 3,000. I haven't gone ahead with it at this point due to personal circumstances, but would recommend anyone who is planning to spend any more than 180 days a calendar year in Thailand under a LTR-T visa to consider seeking professional tax advise.

Yes, they would consider your % portion of the respective investments e.g. if you jointly 50/50 own a condo of 10m then they would account 5m for your application.

When the LTR program was launched in one of the webcasts back in Aug / Sep 2022, that question came up and BOI explicitly said that dividend payments or similar recurring investment returns do qualify for the Wealthy Pensioner assessment. That's the general statement, of course the details will depend on the level of documentation etc. that you can provide them with. But in general - yes it should work.

Has anyone with a LTR-T (WFTP) been able to get a proper credit card locally in Thailand? Normal requirement is to show local pay slips as one of the conditions to get one which obviously doesn't apply for us. We also don't have a traditional local work permit for reasons mentioned above in the threat. I've got a couple debit cards with the major banks here and am aware you can have a 'credit' card that must be secured by a savings account ... which is like a debit card at the end of the day. They also tend to come with fairly low spend limits like THB100 - 150k a month.

Definitely not they way is supposed to work ???? but who am I to argue. Mine is fixed date every time, 5 years from first entry. It may be due to the fact that you traveled via DMK and not BKK so maybe less LTR expertise.

Yes all three criteria

Not applicable to LTR-T

Very helpful chart, thanks for sharing. So when you are 'qualification approved' you're actually only half way through the full process in fact ???? This explains the relatively long duration from getting the 'approval' notice to the visa issuance. It also clarifies that the other government agencies come after 'approved' and are not part of that, hence 'qualification approved' only.

In the email to me early Oct it stated 60 days but not sure how strictly that would be enforced. Full details below. Again, their procedure may have changed by now, this was early Oct 2022. 3. MAKE AN APPOINTMENT FOR LTR VISA ISSUANCE Once the Notification Letter for Qualifications Endorsement has been issued (within 1-2 working days after the additional documents and updated information have been submitted and considered valid), please make an appointment for the LTR Visa issuance at One Stop Service for Visa and Work Permit Center (OSS), 18th floor, Chamchuri Square Building, Bangkok via LTR Visa application system or contact the Royal Thai Embassy/Consulate-General in case of making the appointment for visa issuance overseas*. Please note that the result of the qualifications endorsement for LTR Visa is valid for a period of 60 days upon receiving this email. Therefore, please collect the visa before the result expires, otherwise you must apply for the qualifications endorsement again. * E-Visa is available only in some Embassies/Consulates. To check if it’s available in your area of residency, please go to www.thaievisa.go.th . Moreover applicant must apply for e-Visa via a specific Embassy/Consulate conforming with his/her consular jurisdiction and residency. The applicant is required to upload documents that can verify his/her current residency. 4. COLLECT YOUR LTR VISA 4.1 Procedures for visa issuance at One Stop Service Center for Visa and Work Permit (OSS) 1. Please prepare the documents, print out and fill in the immigration forms as follows, and bring them with you on the appointment date. Passport or document in lieu of passport of an applicant and a copy of passport or document in lieu of passport Passport or document in lieu of passport of the main LTR Visa holder and a copy of passport or document in lieu of passport (for dependants) Copy of documents proving relationship such as a marriage certificate, registration of child legitimization, household registration certificate or child adoption registration certificate, or other evidence from the government or relevant agency (for dependants) Application form for LTR Visa (TM.94) One passport size photo (4 cm x 6 cm) * white background, dressed in business attire (t-shirt is not allowed) without wearing glasses or headgear, taken within 6 months (a photocopy or poor quality photos will not be accepted) Notification Letter from the Board of Investment to the Immigration Bureau within 60 days from the issuance date of the endorsement letter Criteria and Conditions Acknowledgement Form for a Temporary Stay Permit in the Kingdom (LTR Visa) (STM.8) 2. Please be on time for your visa issuance appointment and bring with you the abovementioned documents. Contact the LTR visa staff at the reception counter of the One Start One Stop Investment Center (OSOS) for the documentation check. For applicants who have applied for Digital Work Permit, please print out the appointment confirmation document and the payment form from the LTR Visa system and bring them with you on the appointment date (in addition to the Immigration forms mentioned above) for Digital Work Permit issuance. 3. Follow the LTR visa staff’s guidance to receive LTR Visa from the Immigration and Digital Work Permit from the Department of Employment. *Please prepare the visa processing fee on the appointment date as follows. LTR Visa processing fee - 50,000 THB per person per 10 years Digital Work Permit processing fee - 3,000 THB per person per one year 4.2 Procedures for visa issuance at Royal Thai Embassy/Consulate-General For Visa Sticker 1. Kindly contact Royal Thai Embassy/Consulate-General of your choice to make an appointment for visa issuance 2. Please prepare the documents, print out and fill in the forms as follows and bring them with you on the appointment date. a. Passport with the remaining validity of no less than 6 months b. Notification Letter for Qualifications Endorsement from BOI with has been issued for no more than 60 days c. Copy of documents proving relationship such as a marriage certificate, registration of child legitimization (for dependents) d. Visa application form 3. Follow the guidance of a consular officer at each Royal Thai Embassy/Consulate-General to receive your LTR Visa on your passport. Visa Fee : LTR visa processing fee at each Royal Thai Embassy/Consulate-General is based on the fee in Thailand (50,000 THB per person per 10 years), but may vary and is usually more than the fee in Thailand, depending on the currency rate and the additional fee which might be applied in some countries. For e-Visa 1. Please submit the following documents via www.thaievisa.go.th a. Biodata page of Passport or Travel Document b. Declaration c. Photograph *taken within the last six months. If the photograph does not reflect your current appearance, you may be refused to enter the Kingdom of Thailand d. Letter from BOI e. Other documents as required 2. E-visa will be issued and be notified via email and your e-Visa account Visa Fee : LTR visa processing fee at each Royal Thai Embassy/Consulate-General is based on the fee in Thailand (50,000 THB per person per 10 years), but may vary and is usually more than the fee in Thailand, depending on the currency rate and the additional fee which might be applied in some countries. Note: This is an auto-generated email. Please do not reply to this email.

Ouch ... I guess the IT issues remain an ongoing challenge.

After LTR approval there should be an email coming that asks you to select online where you want to receive the visa, either in Bangkok or an overseas Royal Thai Embassy. This is what they sent me early October, process may have changed now. 2. CHOOSE THE LOCATION FOR LTR VISA ISSUANCE Please update the information about the place you would like to collect the visa from [Royal Thai Embassy/Consulate-General or One Stop Service for Visa and Work Permit Center (OSS), 18th floor, Chamchuri Square Building, Bangkok.] For visa issuance at One Stop Service for Visa and Work Permit Center (OSS), please update the information of your latest arrival in Thailand (for the immigration purpose).

LTR WFT = LTR T M = Multi-entry

Hi @Misty am currently on my third trip into Thailand after receiving my LTR-T. I got a sticker from the Royal Thai Consulate in Hong Kong which states multi entry and valid until Oct 2032. When I enter Thailand, I get a normal entry stamp which shows permission to stay until 27 Oct 2027. Exit stamp is a normal one, nothing special. I think the Immigration Officers are aware that LTR is multi entry. On the other hand LTR is still quite new. During my most recent entry, it took three officers a good 15 mins to figure it all out. Not quite the usual 'Fast Pass' lane experience but all good.

BOI is the coordinating agency, but doesn't make the decision in isolation. They check with immigration (e.g. if an application has overstayed previously) and afaik also police.

It seems they finally implemented more meaningful status wording e.g. "Consideration by Government Agencies" or "Document Review for Visa / WP Issuance" as well as "Visa/ WP Issuance Pre-approved" and "Final approval" ... not necessarily in that order ????

Please note the LTR Visa Issuance website has been completely rewritten. It seems the process is still being fine-tuned. LTR Visa Thailand - Visa Issuance (boi.go.th)

Congratulations!

FYI ... BoI provided three new forms on their website related to further document requests and preliminary approval and employment certificate. LTR Visa Thailand - Application Forms (boi.go.th)