LTR Visa is Now available for Long Term Residency

[JimGant]

1 hour ago, oldcpu said:

Those forms do NOT appear to be intended for any LTR visa holder other than the LTR Highly Skilled Professional

Yeah. My quote was from the Expattax folk's FAQ page -- which, I've found, has a lot of questionable observations. But, hey, they do start out their webpage with the disclaimer: "The information on this website is for informational purposes only and is not professional tax advice." So, maybe they're honest, if not dependable. Hey, they're the ones who maintain pre 2024 income, to be non assessable when remitted, must only be from a savings account. Chew on that for awhile.

[Ben Zioner]

21 minutes ago, JimGant said:

Yeah. My quote was from the Expattax folk's FAQ page -- which, I've found, has a lot of questionable observations. But, hey, they do start out their webpage with the disclaimer: "The information on this website is for informational purposes only and is not professional tax advice." So, maybe they're honest, if not dependable. Hey, they're the ones who maintain pre 2024 income, to be non assessable when remitted, must only be from a savings account. Chew on that for awhile.

Agree. That's why my first choice for a tax professional would be Dejudom, who happens to be and LTR Certified Agency. But I don't plan to do anything before the end of next year. By that time Expattax might have gotten stellar review and kept their moderate pricing...

 

 

[SHA 2 BKK]

2 hours ago, oldcpu said:

 

The Thai RD web site also gives this very similar looking PDF (its in a slightly different directory - it could be identical):

 

https://www.rd.go.th/fileadmin/tax_pdf/pit/2566/271266PIT95.pdf

 

Which also states "Highly Skilled Professional".

 

Those forms do NOT appear to be intended for any LTR visa holder other than the LTR Highly Skilled Professional , but I don't know.  I am no expert.  And this is what I found via an "LTR" search.  For all I know (or don't know which is likely more accurate) there could be other items which don't show up in such a search.

 

It makes sense to me that LTR Visa Highly Skilled Professionals should be 'singled out' for a tax form, as I believe the Royal Decree indicates they (Highly Skilled Professional) need to submit a tax form.

.

Yes and they pay from memory 17% on their Thai Earned Income from memory so they will need their own RD Tax Form.  
 

I keep watching the General Forum to see if the RD has issued updated Forms

for remitted income earned in 2024.  That may give some pointers.  
 

As I have only remitted 2023 and pre earnings and have kept my bank statements from 31 December 2023, I guess I will keep a watching brief. 

[Thomas4628]

I applied for my LTR while I was still in Thailand and selected Bangkok as the pickup location. However, due to the lengthy processing time, I had to leave Thailand in the meantime. If my application is approved, can I re-enter Thailand on a visa exemption and then switch to the LTR visa, or will I need to obtain the LTR visa from the local embassy first? The embassy is about a five-hour drive away, and I would prefer to avoid that trip if possible.

[SHA 2 BKK]

15 hours ago, Thomas4628 said:

I applied for my LTR while I was still in Thailand and selected Bangkok as the pickup location. However, due to the lengthy processing time, I had to leave Thailand in the meantime. If my application is approved, can I re-enter Thailand on a visa exemption and then switch to the LTR visa, or will I need to obtain the LTR visa from the local embassy first? The embassy is about a five-hour drive away, and I would prefer to avoid that trip if possible.

Enter Visa Free and go to Chamchuri Square for your LTR Visa.  Especially if you are going to stay long term on arrival.  Good Luck and Merry Christmas.

[Wagyu]

On 12/24/2024 at 10:59 AM, Thomas4628 said:

I applied for my LTR while I was still in Thailand and selected Bangkok as the pickup location. However, due to the lengthy processing time, I had to leave Thailand in the meantime. If my application is approved, can I re-enter Thailand on a visa exemption and then switch to the LTR visa

Thats exactly what I'm doing. I got approved already. In a few weeks I will enter with visa exemption, upload my passport and hotel address and make an appointment to pick up my visa. 

[Desmond77]

Hi All,

 

Happy New Year to everyone.

 

My situation is as such. I am working for 2 companies, 1 in Thailand and 1 in UK. I have submitted my new application under the "Work-From-Thailand-Professional" scheme on the 25 Nov morning. 

 

Documents which I have submitted:

1. Passports (Both old and new) with all the Thai stamps and my Non-B visa

2. Detailed CV detailing out my career and my work experiences over the last 24 years

3. Employment contract from my UK-based company issued back in Oct 2018, signed by my HR, stating my position as a Director of the company, my salary back in 2018, my term of employment till my official retirement age of 63. It was also indicated on the contract that I actually started working with the UK-based company back in Jun 2016.

4. Certificate of employment with my UK-based company registration, stating my annual salary package, my position as a Director, on my company's letterhead, signed by my Regional CEO.

5. Audited Financial Statements audited by Deloitte for the last 3 years, showing that my company is generating a revenue of USD193M (Using the rate of exchange from BOI's website)

6. Authorisation letter, signed off by my Regional CEO, stating that I am authorised and supported by my UK-based company to work remotely from Thailand or any country within Asia.

7. Tax returns form the IRAS Singapore, showing that I am earning more than USD80K per annum for the last 2 years.

8. Payslips and bank statements showing that I am still earning more than USD80K a year for 2024 and I am still working for the same UK-based company.

 

On the 3 Dec, BOI asked me if I have a Thai Work Permit. I have sent them a copy of my work permit. They proposed that either I applied as Highly Skilled Professional and retain my work permit or I resign immediately and provide them a confirmation letter that my last day of work will be on 29 Jan. I do not need the job in Thailand to earn that USD80k per annum and certainly, I do not want to pay any taxes for the next 10 years of my stay here. Therefore I firmly told BOI that I will resign from the Thai company immediately and stick to  the "Work-From-Thailand-Professional" scheme. I have uploaded the cancellation letter on the same day and gave them a courtesy call to inform them that I have uploaded the document as requested.

 

On the 9 Dec, BOI requested for the insurance policy with a minimum coverage of USD50k. Initially, I have sent them the letter from AXA, showing that I have an insurance policy with minimum 12 months of validity from thee date of application and it covers me for THB8M. 30 mins after uploading the letter, BOI asked for a full schedule of the insurance coverage which I have uploaded almost immediately.

 

I have not heard from BOI since the 9 Dec. The current status still shows "Considerations by Government Agencies". I have given them a call last Thursday to see where it stands. I have explained to them politely that BOI has instructed me to cancel my work permit and Non-B visa which I have already done so. I have up till  29 Jan and I have 3 school-going children here with me in Thailand. I hope to receive some positive news from them as soon as possible so as to minimise any potential disruptions to my children's studies. The officer from BOI said that most of the government agencies have already cleared me, waiting for a response from immigration. I do not have any bad records with immigration. No overstay, no ED visa or anything which stands out as a red flag to the immigration. I asked the BOI officer if anything else is missing, anything that I could submit to show that I ticked all the boxes to the requirements of the LTR. The BOI officer said "Nope, all good".

 

I am wondering if it is normal to take this long for the application to be reviewed and approved?

  

 

 

[oldcpu]

14 minutes ago, Desmond77 said:

I am wondering if it is normal to take this long for the application to be reviewed and approved?

 

 

I don't know if normal ... but it myself 5-months to get an LTR-WP visa.  I made my initial application in January-2023 and did not actually get the Visa until June-2023. Of course my case was very different from yours.

 

One thing I suspect is there can be an interaction between the 'screener', their 'management' and 'immigration' and I suspect dependent on the presentation of the 'screener' of one's application to 'management' or to 'immigration' can change the approval/processing time.

 

Still, my suspicion, is if what you were told is true, then I would not think it would take immigration too long.  I assume this is only for you?  Or is it in parallel an LTR for your family?

[Desmond77]

1 minute ago, oldcpu said:

 

I don't know if normal ... but it myself 5-months to get an LTR-WP visa.  I made my initial application in January-2023 and did not actually get the Visa until June-2023. Of course my case was very different from yours.

 

One thing I suspect is there can be an interaction between the 'screener', their 'management' and 'immigration' and I suspect dependent on the presentation of the 'screener' of one's application to 'management' or to 'immigration' can change the approval/processing time.

 

Still, my suspicion, is if what you were told is true, then I would not think it would take immigration too long.  I assume this is only for you?  Or is it in parallel an LTR for your family?

Together with my application, I have my wife and my 3 children as dependents. None of us have had any issues with the Thai immigration in the past. Like what I have mentioned before. No ED, no overstay, not even an extension on a visa exempted entry.

[Thomas4628]

On 1/7/2025 at 8:10 AM, Desmond77 said:

Hi All,

 

Happy New Year to everyone.

 

My situation is as such. I am working for 2 companies, 1 in Thailand and 1 in UK. I have submitted my new application under the "Work-From-Thailand-Professional" scheme on the 25 Nov morning. 

 

Documents which I have submitted:

1. Passports (Both old and new) with all the Thai stamps and my Non-B visa

2. Detailed CV detailing out my career and my work experiences over the last 24 years

3. Employment contract from my UK-based company issued back in Oct 2018, signed by my HR, stating my position as a Director of the company, my salary back in 2018, my term of employment till my official retirement age of 63. It was also indicated on the contract that I actually started working with the UK-based company back in Jun 2016.

4. Certificate of employment with my UK-based company registration, stating my annual salary package, my position as a Director, on my company's letterhead, signed by my Regional CEO.

5. Audited Financial Statements audited by Deloitte for the last 3 years, showing that my company is generating a revenue of USD193M (Using the rate of exchange from BOI's website)

6. Authorisation letter, signed off by my Regional CEO, stating that I am authorised and supported by my UK-based company to work remotely from Thailand or any country within Asia.

7. Tax returns form the IRAS Singapore, showing that I am earning more than USD80K per annum for the last 2 years.

8. Payslips and bank statements showing that I am still earning more than USD80K a year for 2024 and I am still working for the same UK-based company.

 

On the 3 Dec, BOI asked me if I have a Thai Work Permit. I have sent them a copy of my work permit. They proposed that either I applied as Highly Skilled Professional and retain my work permit or I resign immediately and provide them a confirmation letter that my last day of work will be on 29 Jan. I do not need the job in Thailand to earn that USD80k per annum and certainly, I do not want to pay any taxes for the next 10 years of my stay here. Therefore I firmly told BOI that I will resign from the Thai company immediately and stick to  the "Work-From-Thailand-Professional" scheme. I have uploaded the cancellation letter on the same day and gave them a courtesy call to inform them that I have uploaded the document as requested.

 

On the 9 Dec, BOI requested for the insurance policy with a minimum coverage of USD50k. Initially, I have sent them the letter from AXA, showing that I have an insurance policy with minimum 12 months of validity from thee date of application and it covers me for THB8M. 30 mins after uploading the letter, BOI asked for a full schedule of the insurance coverage which I have uploaded almost immediately.

 

I have not heard from BOI since the 9 Dec. The current status still shows "Considerations by Government Agencies". I have given them a call last Thursday to see where it stands. I have explained to them politely that BOI has instructed me to cancel my work permit and Non-B visa which I have already done so. I have up till  29 Jan and I have 3 school-going children here with me in Thailand. I hope to receive some positive news from them as soon as possible so as to minimise any potential disruptions to my children's studies. The officer from BOI said that most of the government agencies have already cleared me, waiting for a response from immigration. I do not have any bad records with immigration. No overstay, no ED visa or anything which stands out as a red flag to the immigration. I asked the BOI officer if anything else is missing, anything that I could submit to show that I ticked all the boxes to the requirements of the LTR. The BOI officer said "Nope, all good".

 

I am wondering if it is normal to take this long for the application to be reviewed and approved?

  

 

 

Yes, that is normal. Don't worry, if you don't hear anything it is a good sign. Then they are just waiting for other government agencies to confirm your information (ex. Revenue Dep.). I waited around 4 weeks for the final approval.

[Presnock]

On 7/8/2022 at 11:19 PM, CrossBones said:

First Cannabis was legalized.

 

Now, form September 22nd a new kind of visa is available for long stayers.

 

It seems if you make $80k a year or have assets worth $1m you can stay here for 5 - 10 years.

 

I am wondering why there isnt much talk about this on this forum.

sometimes many exchanges sometimes quiet.  Literally thousands have taken advantage of this visa - they cut the price by 50%, now only 50,000 and like they say 10 years, no 90-day reports, can go in and out of country as you please.   Can do everything literally from your own computer without having to go to banks or get any other documents.  Just upload to the BOI and their staff are really helpful.  Some feel they are too demanding, but they only need certain data that the screeners can pass to those approving them.  For mine earlier last year, less than 3 weeks to get it!  I believe those that have it think it is the best for the least cost.  Fits me to a tee so to speak.