LTR Visa is Now available for Long Term Residency

[JohnnyBD]

1 hour ago, Presnock said:

The LTR is perfect for me

I am on marriage extension now, but the LTR is perfect for me too. With the new tax rules that went into effect on Jan 1, 2024, the LTR (WP) visa will exempt all monies I remit to Thailand after I get my LTR. I love that you can apply online, and the 50k for 10 years is cheaper than what I pay for marriage extension 1,900 + 3,800 for multiple re-entry permit. The multiple re-entry is included with the LTR visa, and I like that you only have to report 1 time per year instead of every 90 days. The additional cost of about 20k THB per year for medical coverage is a turn-off for me. But, I can use the $100k in bank for 12 months method, so I won't need to buy the insurance. This will be less hassle for me, and it won't cost me anymore than I'm paying now.

Edited May 11 by JohnnyBD

[Presnock]

1 hour ago, SingAPorn said:

Who wants this LTR  and go through all the harassment during submission ?

 

You have to "requalify" each year and go through all the whinges, document requests, translations, chase your pension or health insurance back home, perhaps new invented documents asked by the immigration who will want to show their power over the BOI etc etc...definately not worth the trip. Plus yes,  no tax, no reporting,  this or none of that on LTR but we all know who a chap in uniform can wake up one morning and decide to change it all due to a bad night ? Not wanting to take the risk and stay here more then 178 days  from now on. Other places in Asia will get our money as they are fussing far to much. Any person who own property in Thailand be it a condo or a leasee villa, should get a hassle free visa for at least 4 months based only on property ownership document submission, and that's it.

 

You want our money, but no want us to enjoy what we buy ?

there is nothing whatsoever about requalify  each year.  Once a year you or your agent has to verify your current address, if you leave Thailand, then like the 90 day report, your next reporting of address to the immigration folks is one year away.  As for maintaining the qualifications, every visa in Thailand that I know of in order to be kept by the holder is required to maintain the qualifications for that visa though I guess some folks don't but haven't been caught.  Each immigration officer/office might make something else necessary but the BOI immigration office only asks for address, filling in TM.95 (application for the visa extension each year if you are in Thailand< tm 6 if you have it.  But no tax on overseas incomes of any type, no 90-day reports and cheaper in the total 10 years.  For me it is the best with the most benefits for the least money.

[oldcpu]

1 hour ago, SingAPorn said:

Who wants this LTR  and go through all the harassment during submission ?

 

Who wants?  In regards to the numbers, if you check the BoI web site, well over 7,000 applicants by the end of April.  Does that answer your question as to who wants?  Greater than 7000 expats want this.

 

As for the harassment, add up 5 years trying to get Type-O and Type-OA extensions.  Where on Type-O/OA one has to go to immigration (and go to city hall yearly if going for an extension based on marriage), sometimes in both places for many hours, and sometimes going multiple times to either place due to an official at immigration coming up with a new undocumented requirement for Type-O and Type-OA.  Add that up for over 5 years ???  The Type-O and OA are FAR FAR FAR more hassle than what was needed to apply for the LTR 10 year visa. 

 

The LTR overall is MUCH LESS hassle.  Do the arithmetic.

 

Further, the LTR application (in my case) meant I could upload my documents from my seaside condo balcony , with my laptop on a table, my feet up, and my sipping a glass of wine.  I dare say if with a Type-O or Type-OA visa extension application in mind, if I showed up at immigration with a bottle of wine, my laptop, and put my feet up, I would be escorted out of there prompto.   Again, an LTR visa is much less hassle.

 

Of course with a type-O/OA visa, I could pay for an agent, and then instead of a Type-O/OA costing 7,000 THB more (57,000 vs 50,000 for LTR), it could cost 50,000 to 75,000 THB more for a Type-O/OA over 10 years via an agent (vs the cost for an LTR visa).  Do the arithmetic.

 

Nope, LTR is far superior for those of us who meet the very specific BoI financial requirements.

 

1 hour ago, SingAPorn said:

You have to "requalify" each year and go through all the whinges, document requests, translations

 

 No. No. No. You are wrong. Every year with an LTR visa (if you did not leave Thailand during the year) you need an immigration check. Not a financial check.  You had this pointed out before. You need to stop spouting false statements.

 

You are confused with the Type-O and Type-OA visa. 

 

An LTR visa has REDUCED the amount of paperwork compared to annual extensions for other visas (such as Type-O/OA) over a 5 year period.  An LTR visa is cheaper than Type-O and Type-OA.  An LTR visa gives me less concerns about taxation issues.  Now I speak from experience.

 

Given the clear mistake in your post about "requalify" every year, why do you keep posting that statement that is clearly wrong?  What is your agenda here to post clearly WRONG information?

Edited May 11 by oldcpu

[SHA 2 BKK]

15 minutes ago, oldcpu said:

 

Who wants?  In regards to the numbers, if you check the BoI web site, well over 7,000 applicants by the end of April.  Does that answer your question as to who wants?  Greater than 7000 expats want this.

 

As for the harassment, add up 5 years trying to get Type-O and Type-OA extensions.  Where on Type-O/OA one has to go to immigration (and go to city hall yearly if going for an extension based on marriage), sometimes in both places for many hours, and sometimes going multiple times to either place due to an official at immigration coming up with a new undocumented requirement for Type-O and Type-OA.  Add that up for over 5 years ???  The Type-O and OA are FAR FAR FAR more hassle than what was needed to apply for the LTR 10 year visa. 

 

The LTR overall is MUCH LESS hassle.  Do the arithmetic.

 

Further, the LTR application (in my case) meant I could upload my documents from my seaside condo balcony , with my laptop on a table, my feet up, and my sipping a glass of wine.  I dare say if with a Type-O or Type-OA visa extension application in mind, if I showed up at immigration with a bottle of wine, my laptop, and put my feet up, I would be escorted out of there prompto.   Again, an LTR visa is much less hassle.

 

Of course with a type-O/OA visa, I could pay for an agent, and then instead of a Type-O/OA costing 7,000 THB more (57,000 vs 50,000 for LTR), it could cost 50,000 to 75,000 THB more for a Type-O/OA over 10 years via an agent (vs the cost for an LTR visa).  Do the arithmetic.

 

Nope, LTR is far superior for those of us who meet the very specific BoI financial requirements.

 

 No. No. No. You are wrong. Every year you need an immigration check. Not a financial check.  You had this pointed out before. You need to stop spouting false statements.

 

You are confused with the Type-O and Type-OA visa. 

 

An LTR visa has REDUCED the amount of paperwork compared to annual extensions for other visas (such as Type-O/OA) over a 5 year period.  An LTR visa is cheaper than Type-O and Type-OA.  An LTR visa gives me less concerns about taxation issues.  Now I speak from experience.

 

Given the clear mistake in your post about "requalify" every year, why do you keep posting that statement that is clearly wrong?  What is your agenda here to post clearly WRONG information?

I think half the posts on this LTR Forum have been deliberately WRONG.  
 

As many have said NO yearly reporting of address unless you stay in the Kingdom for that year!  No repeated requests for “invented” documents, health or financial information - nada!  
 

I think simply it’s the ones who don’t qualify for the LTR and want to take out their frustrations on we who are able to obtain this great Visa. 
 

I was on an Elite before the LTR and the LTR xxxx all over the Elite from a great height.  

[Sigmund]

3 hours ago, ThailandRyan said:

So your posts are just sour grapes. Haters will always be haters.....

And would suckers always be suckers and parted very soon of their money ?

[Sigmund]

Why do people get so upset when one does not agree with them ? A fine mystery of existence,

 

Le LTR has been established with good intent by the BOI. The problems cited by the many comments, could or could not arise, due to the fact that the Immigration Bureau is also involved. And we all know how quick and hassle free it it !!!🙃

 

Problem here is with the annual re-qualification or report with immigration whatever the word used. If no issues could arise with BOI, it could be a totally different strory with having to deal annually with immigration and having to "re-qualify". It means nothing and anything.

 

To make it short, best would be to ask Immigration what they exactly could ask on the re.qualification process for the LTR. Thing is that even they are not sure. It obviously would change from office to office and of course depend entirely on the mood of the day with the fine officer handling the process. Officer who is free to ask or invent any new absurd document request and if so, cancel the LTR and thus all the money spend and hassle for nothing. Willing to take that risk ?

 

LTR may be worth the run for full time stay or may not ?  But definately and absolutely not worth for wealthy global pensionners who are the  winter birds from october to march.

[SHA 2 BKK]

6 minutes ago, Sigmund said:

Why do people get so upset when one does not agree with them ? A fine mystery of existence,

 

Le LTR has been established with good intent by the BOI. The problems cited by the many comments, could or could not arise, due to the fact that the Immigration Bureau is also involved. And we all know how quick and hassle free it it !!!🙃

 

Problem here is with the annual re-qualification or report with immigration whatever the word used. If no issues could arise with BOI, it could be a totally different strory with having to deal annually with immigration and having to "re-qualify". It means nothing and anything.

 

To make it short, best would be to ask Immigration what they exactly could ask on the re.qualification process for the LTR. Thing is that even they are not sure. It obviously would change from office to office and of course depend entirely on the mood of the day with the fine officer handling the process. Officer who is free to ask or invent any new absurd document request and if so, cancel the LTR and thus all the money spend and hassle for nothing. Willing to take that risk ?

 

LTR may be worth the run for full time stay or may not ?  But definately and absolutely not worth for wealthy global pensionners who are the  winter birds from october to march.

Unless you are a Thai or stay in the Kingdom less than 90 days at time - you will be reporting to Immigration your whereabouts at the 90 Day mark (if you are following the rules).   LTR Visa holders only have to do this ONCE per year - and that’s only if they don’t leave Thailand.  
 

That’s it.  That’s the only requirement for 5 (FIVE) years.  Not 90 days as with other visas.   
 

No one here is upset.  They just don’t want fools putting out false information on the LTR because it’s the perfect Visa for those who qualify and want to stay in Thailand long time.   
 

We want to “Spread the Gospel”.  The good news - not continually pull up fools spreading misinformation. 

 

[oldcpu]

43 minutes ago, Sigmund said:

Problem here is with the annual re-qualification or report with immigration whatever the word used. I

 

What problem?  Instead of doing a 90-day report, one is doing a 1 year report.

 

There is NO annual re-qualification.

 

Why keep posting something that you have been told is flat wrong.

 

Let me repeat - in case you missed such. There is no annual re-qualification with an LTR visa.  One has a 5-year permission to stay - and at the 5 year point ONLY, one has to reprove one's finances.  5 years does not equate to 1 year - even with the 'new math'.  Do the arithmetic.  5 years. Not one year.   5 years ... remember that.  5 years !!

 

However, in case you also did not know, for a Type-O and a Type-OA visa extensions, there IS a one year re-qualification. 

[JimGant]

54 minutes ago, Sigmund said:

Problem here is with the annual re-qualification or report with immigration whatever the word used.

It's a 365 day report, identical to a 90 day report of your current address. Get a life.

[Pib]

4 hours ago, SingAPorn said:

Who wants this LTR  and go through all the harassment during submission ?

 

You have to "requalify" each year and go through all the whinges, document requests, translations, chase your pension or health insurance back home, perhaps new invented documents asked by the immigration who will want to show their power over the BOI etc etc...definately not worth the trip. 

 

You must be confusing the LTR visa with some other visa (maybe the Non OX 10 year visa?)     And where you say "harassment" what in the world are you talking about!?   

 

The only annual requirement of an LTR visa is the annual address report (TM95)....a simple form where you basically enter your name, address, and passport data.   An address report just like the simple 90 day address report (TM47) required for 1 year visas.   And there is no harassment during LTR application/submission...you simply upload the visa application documentation to the BOI LTR website...and then if they happen to ask for some additional documentation you just upload the requested documentation.  No face-to-face encounters with an immigration officer during the application process.   Hopefully you meet the requirements and then you can complete the final step by paying the Bt50K fee (if having it issued in Bangkok) within 60 days to have the LTR visa issued...and you don't have to pay this fee until approved...you don't have to pay the fee to have the LTR issued if something in your world expectantly occurred preventing you from being able to pay the fee within 60 days.

 

The application process is all done from behind the comfort of your keyboard.   There is a mid-term extension process during the 5th year of the 10 year visa which will probably be a mini-version of the initial application such as show you still meet the income requirement and health coverage (policy or self-insure) requirement....then you are issued the 2nd 5 years of the 10 year visa at "no cost" as the Bt50K initial fee covers the entire 10 year period.

 

Yeap...either you are confusing the LTR visa with another type of visa, someone has given you bigtime wrong information, and/or you are just trolling.

 

 

Edited May 11 by Pib

[JohnnyBD]

4 hours ago, Sigmund said:

Why do people get so upset when one does not agree with them ? A fine mystery of existence,

 

Le LTR has been established with good intent by the BOI. The problems cited by the many comments, could or could not arise, due to the fact that the Immigration Bureau is also involved. And we all know how quick and hassle free it it !!!🙃

 

Problem here is with the annual re-qualification or report with immigration whatever the word used. If no issues could arise with BOI, it could be a totally different strory with having to deal annually with immigration and having to "re-qualify". It means nothing and anything.

 

To make it short, best would be to ask Immigration what they exactly could ask on the re.qualification process for the LTR. Thing is that even they are not sure. It obviously would change from office to office and of course depend entirely on the mood of the day with the fine officer handling the process. Officer who is free to ask or invent any new absurd document request and if so, cancel the LTR and thus all the money spend and hassle for nothing. Willing to take that risk ?

 

LTR may be worth the run for full time stay or may not ?  But definately and absolutely not worth for wealthy global pensionners who are the  winter birds from october to march.

You are wrong.

Edited May 11 by JohnnyBD

[JohnnyBD]

2 hours ago, Pib said:

Yeap...either you are confusing the LTR visa with another type of visa, someone has given you bigtime wrong information, and/or you are just trolling.

I think Sing and Sig are the same person using different user names. If you follow their posts, they seem to troll this thread trying to antagonize those who can qualify.

[SingAPorn]

6 minutes ago, JohnnyBD said:

You are wrong. Just because you can't qualify for a LTR visa, you shouldn't post false information and put down on people who can qualify.

Actually it's you who is missing the fact that you need to do annual re-qualification with immigration who are free to challenge your qualification and ask or invent all sorts of new document to show. And no big deal with or without an LTR as most of the retirees with the real ca$h only come to Thailand for a few months.

 

Check out for yourself the post titled LTR Visa is Now available for Long Term Residency by CB and you will have explicit screen shots of the annual hassles.

Edited May 11 by SingAPorn

[JohnnyBD]

2 minutes ago, SingAPorn said:

Actually it's you who is missing the fact that you need to do annual re-qualification with immigration who are free to challenge your qualification and ask or invent all sorts of new document to show. And no big deal with or without an LTR as most of the retirees with the real ca$h only come to Thailand for a few months.

No, you are wrong. Quit posting false information.

Edited May 11 by JohnnyBD

[SingAPorn]

For the others,  check out the screen shot some place on this thread that clearly mentions the annual requalification process by BOi and immigration and then get an idea for yourself.  One can be rather skeptical  with some "influencers" who are pushing and perhaps toting for their own interests,

[oldcpu]

22 minutes ago, SingAPorn said:

For the others,  check out the screen shot some place on this thread that clearly mentions the annual requalification process by BOi and immigration and then get an idea for yourself.  One can be rather skeptical  with some "influencers" who are pushing and perhaps toting for their own interests,

 

You are totally on the wrong interpretation path after reading the post you reference.

 

There is NO official screenshot stating an LTR visa holder must "requalify" annually.

 

You clearly have a major misunderstanding here.

 

How many times do you need to be told you have made a mistake? 

 

Edited May 11 by oldcpu

[Alotoftravel]

6 hours ago, SingAPorn said:

For the others,  check out the screen shot some place on this thread that clearly mentions the annual requalification process by BOi and immigration and then get an idea for yourself.  One can be rather skeptical  with some "influencers" who are pushing and perhaps toting for their own interests

You are wrong . No annual  re-qualification , just annual report. 

[ThailandRyan]

12 hours ago, Sigmund said:

And would suckers always be suckers and parted very soon of their money ?

You do realize that a 10 year LTR visa is cheaper then obtaining 10 years of a Non Imm O visa or OA visa right? Plus you don't need to keep money in a Thai bank as well as you obtain a multi re-entry permit......no sicker parting with there money here.  Move along....your obviously upset you can not obtain one....

[ThailandRyan]

7 hours ago, SingAPorn said:

For the others,  check out the screen shot some place on this thread that clearly mentions the annual requalification process by BOi and immigration and then get an idea for yourself.  One can be rather skeptical  with some "influencers" who are pushing and perhaps toting for their own interests,

You have now gone down the rabbit hole....try again.

[JohnnyBD]

8 hours ago, SingAPorn said:

For the others,  check out the screen shot some place on this thread that clearly mentions the annual requalification process by BOi and immigration and then get an idea for yourself.  One can be rather skeptical  with some "influencers" who are pushing and perhaps toting for their own interests,

It just took me a total of 2 minutes to save my Social Security verification letter, my company pension verification letter and my tax 1099s. If they want to re-check my qualifications, no problem, no hassle. I emailed BOI and they replied that there is NO annual requalification process, so please quit posting false & made-up information. Don't bother replying, because I am signing off and will no longer folllow this thread. I hope you can find some happiness in your life. Very sad...

[MPoll]

9 hours ago, SingAPorn said:

For the others,  check out the screen shot some place on this thread that clearly mentions the annual requalification process by BOi and immigration and then get an idea for yourself.  One can be rather skeptical  with some "influencers" who are pushing and perhaps toting for their own interests,

 

I'm about to do my 1 year check in next month, June. You can go to the BOI LTR website and you will see that there is one form to fill out that is similar to the 90-day checkin form for other visas. They told me that I don't even need an appointment when I come in. 

[SHA 2 BKK]

9 hours ago, JohnnyBD said:

I think Sing and Sig are the same person using different user names. If you follow their posts, they seem to troll this thread trying to antagonize those who can qualify.

Agree with you.   "Small Dick Syndrome" we call it back home.   

 

They can't get an LTR so try and throw enough crud that others are scared away.  

 

Anyway I've had my LTR for 18 months.  Apart from coming and going at the airport haven't seen an Immigration Officer or the BOI for that matter since! 

 

Let the "Small Dicks" have their whinge - small things amuse small minds.

[JohnnyBD]

16 hours ago, Sigmund said:

And would suckers always be suckers and parted very soon of their money ?

 I hope you can find some happiness in your life. Very sad...

[JohnnyBD]

11 hours ago, SingAPorn said:

For the others,  check out the screen shot some place on this thread that clearly mentions the annual requalification process by BOi and immigration and then get an idea for yourself.  One can be rather skeptical  with some "influencers" who are pushing and perhaps toting for their own interests,

 I hope you can find some happiness in your life. Very sad...

[Pib]

11 hours ago, SingAPorn said:

Actually it's you who is missing the fact that you need to do annual re-qualification with immigration who are free to challenge your qualification and ask or invent all sorts of new document to show. And no big deal with or without an LTR as most of the retirees with the real ca$h only come to Thailand for a few months.

 

Check out for yourself the post titled LTR Visa is Now available for Long Term Residency by CB and you will have explicit screen shots of the annual hassles.

 

Please be more specific regarding the post within this topic of  "LTR Visa is Now Available for Long Term Residency" which talks an annual re-qualification requirement (which does not exist).   Provide a link to the post or at least the date/time of the post so we can review as to what has you so confused/misinformed. 

 

Now if you find the post(s) and they turn out to be your own post or Sigmund's then that explains why you are so confused on this issue.  And once again, the only annual requirement is the reporting of your address on a simple TM95 form which is almost identical to the TM47 form used by folks who must do 90 day address reports on their 1 year visa.

 

P.S.  I did my LTR visa annual address report back in Dec 2023 at the BOI Chamchuri Sq Immigration Office here in Bangkok since I live in Bangkok....took about five minutes from entering to exiting the office.   Oh wait, I forgot to mention the approx 2 minutes it took me to fill-out the TM95 form which I did at home and is nothing more than entering your name, address, and some passport data plus your signature.

 

 

Edited May 12 by Pib

[Ben Zioner]

16 hours ago, Sigmund said:

Problem here is with the annual re-qualification or report with immigration whatever the word used. If no issues could arise with BOI, it could be a totally different strory with having to deal annually with immigration and having to "re-qualify". It means nothing and anything.

The annual re-qualification is just something you have invented. There is an LTR version of  the 90 days report the only difference being that the 90 days become once a year. We have never heard on 90 days re-qualification have we? 

 

Most of us travel once a year and will never have to do so report anyway.

[Ben Zioner]

18 hours ago, oldcpu said:

Nope, LTR is far superior for those of us who meet the very specific BoI financial requirements.

Yep, and those who try to stretch, bend or bypass the system should feel harassed. Those who do not qualify at all should just shut up and not pollute this thread. 

[Presnock]

On 5/9/2024 at 9:27 PM, Mike Teavee said:

I thought Income earned between 1/1/2024 and you getting the LTR was still Taxable. 

 

E.g. I plan on going for mine when my pensions start in 2026 and am expecting that I would have to pay Tax on Rental/Dividend income earned in 2024 & 2025 if I remit it.

 

If you come to Thailand and become a tax resident prior to obtaining your LTR, then monies you remit during the time before the LTR will be taxed so unless you just save it outside of Thailand in savings or

whatever, and then after you obtain the LTR you can remit anything free of tax that was earned outside of Thailand.  Hope this is clear.  It seems pretty clear to me but..

[Thailand J]

BOI e-mail reply may tell you that transfers of incomes in the same year are tax exempted for LTR-W visa holders, but the claim is baseless.

When you dig deeper the only thing you can find is Royal Decree 743. Tax exemptions for all types of LTR visas come from Royal decree 743, which does not cover income in the same year for LTR-W visas.

I will not base my tax planning on an unsubstantiated statement from BOI. I am transferring only incomes from the previous year.

[JohnnyBD]

On 5/10/2024 at 9:09 AM, Sigmund said:

Of course it is and I would say even more then the 44%. But I was refering to those who qualify for the LTR and love bragging about their millions 😂

I wish you could find some happiness in your life other than trolling others with your false narrative about LTR annual re-qualifications, just because you cannot afford a LTR visa and are jealous of others who are better off financially. It's very sad...