LTR Visa is Now available for Long Term Residency

[Pib]

1 minute ago, stat said:

 

This info is however not (yet) reflected on the website.

 

So what would be the new requirement, 1M USD for wealthy pensioner?

No changes for the Wealthy Pensioner category.  Just the WGC, WFTP, and Dependent LTR visa categories are affected.

 

 

 

[stat]

6 minutes ago, Pib said:

No changes for the Wealthy Pensioner category.  Just the WGC, WFTP, and Dependent LTR visa categories are affected.

 

 

 

Thanks for your reply! For the WGC the website also still states 80K USD yearly income for 2 years.

 

On the WP category it now explicitly states 80K realised cap gains/dividends etc is acceptable which is great.

[Pib]

See the BOI Press Release

https://www.boi.go.th/index.php?page=press_releases_detail&topic_id=136393&_module=news&from_page=press_releases2

 

The Cabinet has given the green light to BOI to adjust the special visa criteria, LTR Visa, to accelerate the attraction of high-quality personnel and world-class investors to Thailand, and to unlock and facilitate foreigners who want to work and reside in the long term, elevating Thailand to the global talent hub after more than 6,000 foreigners, led by European, American, and Japanese groups, are interested in applying for LTR Visa continuously.

 

Mr. Narit Therdsteerasakdi, Secretary-General of the Board of Investment (BOI), revealed that on January 13, 2025, the Cabinet approved the amendment of the criteria for the special visa, Long-Term Resident Visa or LTR Visa, which is one of the country's important measures to attract high-potential foreign personnel to Thailand. This is in line with the global investment relocation trend due to geopolitical issues that are expected to intensify, coupled with more open business opportunities in various regions, resulting in the relocation of foreign personnel for work and long-term residence. Thailand is considered one of the important destinations for investors and high-quality personnel from around the world. Attracting personnel in this group is an opportunity to support the growth of the business sector, generate foreign spending money to be distributed to various sectors, transfer technology and knowledge, increase the country's competitiveness, and elevate Thailand to a global talent hub.

 

LTR Visa is a special visa that the government has assigned the BOI to be the main responsible for, in order to attract 4 groups of high-potential foreigners to Thailand : 1) Highly Skilled Professionals 2) Work-from-Thailand Professionals 3) Wealthy Global Citizens 4) Wealthy Pensioners and their dependents. They will be able to stay in Thailand for 10 years with no limit on the number of times they can enter and leave the country. They will also be allowed to work, with a personal income tax rate reduced to 17 percent for highly skilled professionals, and they will also be allowed to report to the Immigration Bureau from the usual 90 days to once a year.

 

This amendment to the LTR Visa criteria is the result of discussions with the Foreign Chamber of Commerce and has been approved by the Committee on Economic and Investment Stimulus Measures by Attracting High-Potential Foreigners to Thailand (NCSOM), chaired by Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance, before being presented to the Cabinet. The main points are as follows:

 

1) Expand the scope of target industries for groups of skilled professionals to include lecturers in higher education and vocational institutions in various fields to help improve the capabilities of Thai personnel.

 

2) Eliminate requirements on work experience for groups of highly skilled professionals and experts working from Thailand for employers abroad to reduce duplication with other qualifications that already well reflect the knowledge, skills and potential of both types of foreigners, such as minimum income, educational qualifications, work in target industries, and stability of employers abroad, in order to increase the attractiveness of the measure and be able to reach a larger group of talent.

 

3) Easing the income requirement for overseas employers of experts working in Thailand from the original minimum of US$150 million to US$50 million over the past three years, and including subsidiaries in which a parent company with a minimum income of not less than US$50 million holds all of its shares, in order to access highly skilled employees from both large multinationals and growing companies, most of whom are experts in digital technology, which Thailand still lacks.

 

4) Abolish the income requirement for the high-wealth group from the original personal income limit of 80,000 USD per year. Instead, the importance will be placed on the stable assets and long-term investment in Thailand (not less than 500,000 USD) of this group of foreigners rather than considering their annual income, which is in line with the goal of promoting more investment in the country.

 

5) Expand the rights for dependents from the original limit of only spouses and legitimate children to cover parents and dependents without limiting the number of dependents, similar to many other types of visas, to help increase the attractiveness of the measure for foreigners who want their families to reside in Thailand together and also help stimulate spending in the country of foreign family members.

 

Currently, BOI has approved LTR Visa for more than 6,000 high-potential foreign personnel from around the world, with the largest group being Europe (2,500 people), followed by the United States (1,080 people), Japan (610 people), China (340 people) and India (280 people), respectively.

More Informations
PR7_2568TH.pdf(Download)
PR8_2568EN.pdf(Download)