LTR Visa is Now available for Long Term Residency

[mudcat]

4 hours ago, ThailandRyan said:

The Letter, your passport which shows the Visa, and your cash.  Just ensure you have the info explaining the LTR visa if asked.  I just changed my address and closed my Fixed deposit account with K-bank and transferred the money to my other K-vank account t. All they wanted was my PP and my new houses Blue book.  If you have a lease, take a copy with you for the address information. 

I also closed my term account (mine at BBK).  I had always described the ThB800K for my non-imm O (retirement) as a parked car without any keys, so when I got the stack of bills I turned it into a new car (Toyota Veloz). 

 

Anyone want a good but inexpensive family car?  2014 Chevrolet Spin with 80K km - very clean with all service records - it will get your family out of the back of the pickup into air conditioned comfort with 6 shoulder belts and one lap belt at the bargain price of ThB200K including 9-months of first class insurance.  If interested PM me.

[ThailandRyan]

12 minutes ago, mudcat said:

I also closed my term account (mine at BBK).  I had always described the ThB800K for my non-imm O (retirement) as a parked car without any keys, so when I got the stack of bills I turned it into a new car (Toyota Veloz). 

 

Anyone want a good but inexpensive family car?  2014 Chevrolet Spin with 80K km - very clean with all service records - it will get your family out of the back of the pickup into air conditioned comfort with 6 shoulder belts and one lap belt at the bargain price of ThB200K including 9-months of first class insurance.  If interested PM me.

I put mine back into my Amex HY Savings account making 4%...... I will make over 30k thb a year instead of 3k Thb by moving it.

 

A car was also a good investment. However, I have my vehicles, house and a condo, so I am good now.

[Pib]

Merry Christmas to me as my LTR Pensioner application submitted 25 Oct was approved 23 Dec/Friday.  I ended up self-insuring as they didn't accept my U.S. military  insurance (Tricare) most likely due to it not having an end date like a typical  1 year policy.  Tricare is an open-ended worldwide coverage policy...no need to renew each year.....as long as you are alive and paying the monthly premium the insurance stays in force.   So I self insured instead.   

 

Upon the 23 Dec I immediately made an appointment for 26 Dec/Monday/today to get the LTR visa put in my passport which occurred.  I'm now back home with an LTR-P 10 year Visa stamp, a 5 year initial entry period stamp, a multiple entry stamp, and a little slip of paper saying my next address reporting is due 25 Dec 2023.   During these final steps at BoI today, the BoI rep who hand-walked me thru the final steps at the BoI One Stop Center and Immigration across the hall was superb.  Made me feel like a HiSo VIP.  

 

It feels so, so good to have this 10 year (5+5) visa....no annual renewal (just the renewal at the 5 year mid point which is fee-free), no 90 day address reporting but only 1 year address reporting, etc.   Makes me feel more at home in Thailand.

[Pib]

 

Update:   Known LTR Approvals as of 26 Dec 2022 based on posts in this thread I saw.  Added "Pib" (i.e., me) who got his approved 23 Dec....an early Christmas gift from the BoI (and Santa).   See his post above for more details. 

 

Poster & Date Approval Notice Rec'd

1.   BKKNono  -  15 Sep

2.  ashkale  - 28 Sep

3.  ThailandRyan  - 28 Sep

4.  pepper402  - 29 Sep

5.  gajah  - 30 Sep

6.  Alotoftravel  - 4 Oct

7.  James7  - 4 Oct 

8. & 9.  Misty (and family member)  - 4 Oct

10.  mudcat  - 4 Oct

11. & 12.  stuarty (and wife) - 4 Oct

13.  Boomer6969  - 5 Oct

14.  aublumberg - 12 Oct

15.  JJJJJJJJ  -  8 Nov

16.  smic - 28 Nov

17.  Paul3456 - 30 Nov

18.  anotherexpat4444 - 7 Dec

19.   lextsy - 21 Dec 

20.  Pib - 23 Dec

[ThailandRyan]

2 minutes ago, Pib said:

Merry Christmas to me as my LTR Pensioner application submitted 25 Oct was approved 23 Dec/Friday.  I ended up self-insuring as they didn't accept my U.S. military  insurance (Tricare) most likely due to it not having an end date like a typical  1 year policy.  Tricare is an open-ended worldwide coverage policy...no need to renew each year.....as long as you are alive and paying the monthly premium the insurance stays in force.   So I self insured instead.   

 

Upon the 23 Dec I immediately made an appointment for 26 Dec/Monday/today to get the LTR visa put in my passport which occurred.  I'm now back home with an LTR-P 10 year Visa stamp, a 5 year initial entry period stamp, a multiple entry stamp, and a little slip of paper saying my next address reporting is due 25 Dec 2023.   During these final steps at BoI today, the BoI rep who hand-walked me thru the final steps at the BoI One Stop Center and Immigration across the hall was superb.  Made me feel like a HiSo VIP.  

 

It feels so, so good to have this 10 year (5+5) visa....no annual renewal (just the renewal at the 5 year mid point which is fee-free), no 90 day address reporting but only 1 year address reporting, etc.   Makes me feel more at home in Thailand.

Excellent to hear. I did not use my US based medical insurance for the exact same reason, a lifetime free medical insurance policy, as part of my retirement pension.  One day maybe Thailand will understand. My pension letter at least was accepted and it showed it is a lifetime pension for XX,xxx dollars a month. The HI also says it's a lifetime medical benefit, but I chose not to try and use it as the IO always had an issue when I would try and use it for my annual OA extension of stay, so having my PCH policy I used it instead.

 

Again congratulations @Pib

[Pib]

Just as FYI, when my application was approved the online acct Status column displayed Approved.....after I made the appointment to have the LTR visa put in my passport the Status changed to Appointment......and now after getting the visa put in my passport the Status shows "Complete."    I just love the sound of "complete."   ????

 

[JimGant]

3 hours ago, ThailandRyan said:

I put mine back into my Amex HY Savings account making 4%...... I will make over 30k thb a year instead of 3k Thb by moving it

Which is good -- everything else being steady. But my 800k here for retirement was brought over from the left side of my balanced retirement portfolio, namely, the preservation of capital side. A few years back, this FDIC side of portfolio had some 5% CD's; but mainly it was lower paying savings and checking accounts, where I had flexibility in withdrawal without penalty (i.e., CD withdrawal penalty). And I really didn't care what they were earning (as long as capital was preserved), because my earnings were on the right side of my balanced portfolio, namely, the 30% of portfolio in equities.

 

And this is why I said earlier "everything else being steady" because today my equities on some days lose what I would annually gain by moving my 800k back to an Amex 4% savings account. So, things not being steady, is why it's not terribly important to consider "opportunity cost" with keeping 800k here in Thailand -- if your balanced retirement portfolio has equities approaching the old rule of thumb 'age from 100' percentage -- 'cause history says equities will eventually trump that opportunity cost (of course the overall size of your retirement portfolio needs to be a lot larger than that 800k in a Thai bank).

 

Anyway, we seem to visit this subject fairly frequently. Why folks with a fair amount of equities in their portfolio need to nickel and dime lost income with 800k in Thailand -- is beyond me.

[K2938]

1 hour ago, Pib said:

So I self insured instead.   

Congratulations on your approval!  Re the self-insurance:  Did they accept brokerage accounts (like in some other cases above) or did you use a bank deposit?

[Pib]

Just now, K2938 said:

Congratulations on your approval!  Re the self-insurance:  Did they accept brokerage accounts (like in some other cases above) or did you use a bank deposit?

bank savings.

[khunjeff]

1 hour ago, JimGant said:

Why folks with a fair amount of equities in their portfolio need to nickel and dime lost income with 800k in Thailand -- is beyond me.

I think it mostly comes down to a matter of choice versus compulsion. I keep a lot more than 800k in cash in US accounts, but I do that because I want to, and because it makes me feel safe to have that money readily available, even if it's not the best use of those funds by any reasonable financial standard. 

 

The 800k in a Thai bank, by contrast, is there only because it's required to be there - and it isn't even readily available, because drawing on it (other than during the middle part of your extension year) would result in losing my right to keep living in Thailand.

 

Is being forced into maintaining the 800k deposit a big deal in the grand scheme of things? No, but it is a mild irritation that I'll be glad to be rid of when I finally get my LTR...even if all I do is keep the same money in the same bank, but with total freedom to use it as and when I wish. 

[Northwest87]

13 hours ago, lextsy said:

Can some one explain what the digital work permit is for?

I have LTR-T for remote worker and i didnt check the digital work permit.. Could have i? Does it allow you to work actually in thailand for a company there?

This is simple curiosity on my part--my ship has sailed on this visa--but how did you manage to get an LTR-T? Especially after the additional requirements that were tagged onto it after the initial launch, this is Mission Impossible for the common US mortal/contractor.

 

Edited December 26, 2022 by Northwest87

[lexxy]

2 hours ago, Northwest87 said:

This is simple curiosity on my part--my ship has sailed on this visa--but how did you manage to get an LTR-T? Especially after the additional requirements that were tagged onto it after the initial launch, this is Mission Impossible for the common US mortal/contractor.

 

80k usd salary a year which I make slightly over which I provided by annual tax statement plus bank statement. 
 

certificate of employment from my company saying my salary and start date (to prove over 5 years in industry) 

 

name of company and stock market ticker 

 

that’s about it reallly but I wa very lucky I work for a huge Indian IT Company obviously 

[Northwest87]

2 hours ago, lextsy said:

80k usd salary a year which I make slightly over which I provided by annual tax statement plus bank statement. 
 

certificate of employment from my company saying my salary and start date (to prove over 5 years in industry) 

 

name of company and stock market ticker 

 

that’s about it really but I wa very lucky I work for a huge Indian IT Company obviously 

Thanks for the reply. It gives a good idea of the situational profile of applicants who will make it.

And congratulations ????

NW

[Pib]

3 hours ago, lextsy said:

80k usd salary a year which I make slightly over which I provided by annual tax statement plus bank statement. 

This curiosity question is for any folks who have been approved for any category of LTR visa....well, it's probably more directed more towards the Pensioner category.   Where lextsy said he provided an annual tax statement were any of you able to avoid providing a tax return statement?   But instead you only had to provide other income evidence like a monthly/annual pension statement, salary slips, etc.  

 

Now I got the Pensioner LTR visa where my primary evidence of having the required $80K income was providing my monthly/annual pension statements.   I did not initially provide my tax return because of LTR website security/privacy concerns but also in my case one of my pensions is 100% tax free/non tax return reportable (i.e., a Veterans Administration (VA) pension)--no IRS 1099R generated for VA benefits as they are tax free by U.S. law.   And due to this VA pension it allows my military retirement pension to only be partially taxable which lowers the taxable/reportable amount on that pension.  Then I have another govt pension that is also only partially taxed/reportable.  

 

Now my pension annuity statements (including the VA monthly statements) clearly showed the gross amounts, whether taxable/tax return reportable or not.  But since a very significant portion of my gross pension income is non-tax able/non-reportable on my tax return (which is a joint return with the wife) when comparing amounts tallied-up from the pension statements to lower amounts shown on a tax return a person can get concerned that if the BoI relied primarily on only a tax return for the pensioner category where some pension(s) may be non-taxable/non-reportable...or maybe even some other LTR visa categories like the Work from Thailand Professional....then the applicant could become very worried that although their pension statement(s) show they have the required LTR income "but" their income tax return shows a significantly "lower" pension income due to the pension(s) being non-taxable/non-reportable.  

 

Anyway, as mentioned, I did not initially submit a copy of my last tax return from 2021 due to security/privacy concerns and concern about conflict/confusion with my pension statements but about 30 days after submitting my application BoI did send an Additional Docs Required Request to provide my tax return.  I did such, which was a PDF copy of my tax software e-filed return (i.e., the PDF copy you print for your records after uploading/e-filing your return) and I did not submit an IRS tax return transcript although I had one ready if requested.   

 

Now, I'm pretty sure that BoI used my pension statements as the primary evidence and required the tax return just for some double checking purposes, some additional validation of income....or maybe just to confirm you are a tax-fearing/paying good citizen.  Or maybe doing a certain degree of comparing your pension statements to your tax return to see if they are at least in the same ballpark. The BoI showing flexibly in reviewing/confirming your income as I'm sure with all the various tax laws and tax return documents used in different countries that if only relying on a tax return it could misrepresent/greatly understate actual gross income for some people.  So, I'm giving the BoI a big thumbs-up in showing income evidence flexibility.

 

So, I was just wondering (curious) if any of you folks who were LTR visa approved were you able to get your application approved "without" providing your latest tax return?  

 

 

[Adumbration]

On 7/9/2022 at 1:03 PM, Captain Monday said:

Not much anymore  to rely on to last "back home"

Yep.  A million dollar net worth nowadays is basically broke.  Especially with inflation in the 7-10 percent range for at least the next 5 years and near zero returns on stocks and bank accounts.

[aussiexpat]

30 minutes ago, Adumbration said:

Yep.  A million dollar net worth nowadays is basically broke.  Especially with inflation in the 7-10 percent range for at least the next 5 years and near zero returns on stocks and bank accounts.

Obviously you don't have a million nett worth. That should get you over $40,000 per year in a standard saving account which is about 120,000 baht per month to live in Thailand.  More than enough to live very well in Thailand and definitely not broke 

 

Edited December 27, 2022 by aussiexpat

[Pib]

13 hours ago, Pib said:

Just as FYI, when my application was approved the online acct Status column displayed Approved.....after I made the appointment to have the LTR visa put in my passport the Status changed to Appointment......and now after getting the visa put in my passport the Status shows "Complete."    I just love the sound of "complete."   ????

 

 

 

Just some more FYI....one other change I noticed in my online acct after my status moved from Approved to Complete.....and that is a "Work Permit" selection appearing in my acct menu (see below).  Click on that Work Permit selection and it takes you into a Work Permit application.  

 

I did not apply for a Work Permit for my LTR Pensioner visa (i.e, selected No in the LTR application area where they ask if you were also applying for a work permit).   So guess since I initially declined a work permit in the LTR application that my online acct updated to provide a separate area to apply for a work permit if some day I decide I do want the permit since I'm allowed a work permit with a LTR visa.

 

 

After clicking the Work Permit menu selection you see below.

 

 

And then after clicking above Work Permit icon you get below where you could create the Work Permit application and upload necessary docs.  But when I clicked "Submit" assuming it might take me to another screen to actually start the Work Permit application it just took me back to above icon.  So, I guess if I ever do change my mind after getting a work permit....going to work in Thailand (which I can't image doing such since total retirement is just fine with me) I would probably have to call BoI to have them fully activate the Work Permit menu selection so I could actually submit a Work Permit application. 

 

 

 

 

[Adumbration]

2 minutes ago, aussiexpat said:

Obviously you don't have a million back home. In Australia that will get you over A$40,000 per year in a standards saving account which is about 80,000 baht per month to live in Thailand.  More than enough to live very well in Thailand and definitely not broke 

Well it is (almost) broke in the eyes of the Australian government.  Any less than 850K you qualify for welfare (OAP).

 

And if inflation is running running at 8-10% and you have your money sitting in a bank account yielding 4% you are not making $40K per year you are losing $60K per year.  So you are going broke at a rate of about 115,000 baht per month before your out of pocket living expenses.

 

Did you fail math at school?

[ThailandRyan]

1 hour ago, Pib said:

This curiosity question is for any folks who have been approved for any category of LTR visa....well, it's probably more directed more towards the Pensioner category.   Where lextsy said he provided an annual tax statement were any of you able to avoid providing a tax return statement?   But instead you only had to provide other income evidence like a monthly/annual pension statement, salary slips, etc.  

 

Now I got the Pensioner LTR visa where my primary evidence of having the required $80K income was providing my monthly/annual pension statements.   I did not initially provide my tax return because of LTR website security/privacy concerns but also in my case one of my pensions is 100% tax free/non tax return reportable (i.e., a Veterans Administration (VA) pension)--no IRS 1099R generated for VA benefits as they are tax free by U.S. law.   And due to this VA pension it allows my military retirement pension to only be partially taxable which lowers the taxable/reportable amount on that pension.  Then I have another govt pension that is also only partially taxed/reportable.  

 

Now my pension annuity statements (including the VA monthly statements) clearly showed the gross amounts, whether taxable/tax return reportable or not.  But since a very significant portion of my gross pension income is non-tax able/non-reportable on my tax return (which is a joint return with the wife) when comparing amounts tallied-up from the pension statements to lower amounts shown on a tax return a person can get concerned that if the BoI relied primarily on only a tax return for the pensioner category where some pension(s) may be non-taxable/non-reportable...or maybe even some other LTR visa categories like the Work from Thailand Professional....then the applicant could become very worried that although their pension statement(s) show they have the required LTR income "but" their income tax return shows a significantly "lower" pension income due to the pension(s) being non-taxable/non-reportable.  

 

Anyway, as mentioned, I did not initially submit a copy of my last tax return from 2021 due to security/privacy concerns and concern about conflict/confusion with my pension statements but about 30 days after submitting my application BoI did send an Additional Docs Required Request to provide my tax return.  I did such, which was a PDF copy of my tax software e-filed return (i.e., the PDF copy you print for your records after uploading/e-filing your return) and I did not submit an IRS tax return transcript although I had one ready if requested.   

 

Now, I'm pretty sure that BoI used my pension statements as the primary evidence and required the tax return just for some double checking purposes, some additional validation of income....or maybe just to confirm you are a tax-fearing/paying good citizen.  Or maybe doing a certain degree of comparing your pension statements to your tax return to see if they are at least in the same ballpark. The BoI showing flexibly in reviewing/confirming your income as I'm sure with all the various tax laws and tax return documents used in different countries that if only relying on a tax return it could misrepresent/greatly understate actual gross income for some people.  So, I'm giving the BoI a big thumbs-up in showing income evidence flexibility.

 

So, I was just wondering (curious) if any of you folks who were LTR visa approved were you able to get your application approved "without" providing your latest tax return?  

 

 

I just provided my pension funds statement letter which I can have sent at anytime and indicates that my pension is a defined benefit lifetime pension of $XX,xxx. per month and will never decrease and can increase annually with the annual COLA payment if one is given. It also indicates when I started recieving this lifetime payment.  Based upon that it is pretty easy to estimate my annual realized Pension amount.

 

My tax statement would be hard for them to understand as my pension is a disability retirement where I only pay taxes on a small percentage. No W2 is issued to me in the US.

Edited December 27, 2022 by ThailandRyan

[JJJJJJJJ]

On 10/19/2022 at 3:08 PM, Misty said:

The ability to cancel or change an existing visa/visa extension seems to be limited to the BoI and its associated IOs.  Some have described this as the BoI's "magical powers."  

@MistyWhen you applied for the work permit, have you provided the medical certificate? 

[Boomer6969]

6 hours ago, Pib said:

So, I was just wondering (curious) if any of you folks who were LTR visa approved were you able to get your application approved "without" providing your latest tax return?  

I din't provide any tax return as I don't pay any income tax, anywhere. I provided my 2021 UNJSPF statement, as well as a UBS 2021 statement of the account where I get my pension paid. No questions asked.

[Zuman]

I applied for the WP LTR for Mrs Zuman (dependent) and myself on October 4. I received final approval on December 16. Mrs Zuman received final approval today. We will fly to Bangkok from Phuket for our appointment which is scheduled for next week.

[K2938]

FYI

[K2938]

8 minutes ago, Zuman said:

I applied for the WP LTR for Mrs Zuman (dependent) and myself on October 4. I received final approval on December 16

Congratulations!

2.5 months.  Did you have some intermediate communications with the BOI or they only got back to you in the middle December for the first time when they told you about your approval?

[Pib]

49 minutes ago, Zuman said:

I applied for the WP LTR for Mrs Zuman (dependent) and myself on October 4. I received final approval on December 16. Mrs Zuman received final approval today. We will fly to Bangkok from Phuket for our appointment which is scheduled for next week.

 

Update:   Known LTR Approvals as of 27 Dec 2022 based on posts in this thread I saw.  Added "Zuman" and his wife who got approved 16 & 27 Dec, respectively.    See his post above for more details.    Congrats!!!

 

And I know of one other poster in this thread who just got approved and hopefully he'll announce his good news soon so we can add him to the list.   

 

Seems like December is turning out to be a good month for LTR approvals.  In below list 5 were approved in Sep, 9 in Oct, only 3 in Nov, and 5 so far in Dec.  Remember, this list only accounts for those who have announced an approval in this thread. 

 

Poster & Date Approval Notice Rec'd

1.   BKKNono  -  15 Sep

2.  ashkale  - 28 Sep

3.  ThailandRyan  - 28 Sep

4.  pepper402  - 29 Sep

5.  gajah  - 30 Sep

6.  Alotoftravel  - 4 Oct

7.  James7  - 4 Oct 

8. & 9.  Misty (and family member)  - 4 Oct

10.  mudcat  - 4 Oct

11. & 12.  stuarty (and wife) - 4 Oct

13.  Boomer6969  - 5 Oct

14.  aublumberg - 12 Oct

15.  JJJJJJJJ  -  8 Nov

16.  smic - 28 Nov

17.  Paul3456 - 30 Nov

18.  anotherexpat4444 - 7 Dec

19. & 20.  Juman - 16 Dec (and Mrs Juman on 27 Dec) 

21.  lextsy - 21 Dec 

22.  Pib - 23 Dec

[Thomas Wood]

On 7/9/2022 at 4:26 PM, Tropposurfer said:

I posted on these subject  before. My apologies if I repeat myself. I agree with you JTOPO.

 

The LTV has some preferences and benefits for some. But for me the benefits of my Elite far out-way this newer long term O or OA retirement visa.

I estimate at my usual yearly rate of play projected forward and allowing for a downturn in games played as I approach my walking frame years lol ???? my free golf alone will pay entirely for my 20 year Elite visa over its life, leaving aside the other in country discounts and services I receive. 

There are lots of other benefits in an Elite that this LTR thingy does not offer. Yes its much cheaper but offers far far less in benefits than an Elite.

I encourage others to read the fine print and you'll see what these disparities are. Of course if you cannot rationalise paying for either then the point of one versus other is a mute one, and the standard O or OA is for you.

 

 

 

correct

[ThailandRyan]

Talked to BOI today by phone. It appears that those obtaining the Visa prior to the current updates had their files sort of archived and nothing was done with them after the ongoing updates.  I was told that my application was one of those and is why I am still stuck on Step 7 pre-approved (even though i have the Visa already) and I can not add my dependant until it shows completed. That will he when I will have access to that screen. The update, the latest and newest one should be completed by next week, and all prior visa issuances will be updated in the system.  I was told to expect a request for an upload of my LTR-P visa stamps in my PP at which time my process will move to completed and I can then upload my dependents information.  I was told creating a completely new account for the dependant is not the way to go about the process now.  

 

The agent I spoke with called me back about 30 minutes after the 1st call to go over what he sees on his screen to confirm its the same. He then told me IT would be in the loop starting next week and I would get a call then as well. Apparently my visit where I was told they were going to get it straightened out was sidelined by the newest update. Beggars belief.

 

[Captain Monday]

On 7/9/2022 at 2:03 PM, ThailandRyan said:

Here is a link.  There is also another OP running on the subject.

 

https://www.huahintoday.com/thailand-news/10-year-long-term-resident-ltr-visa-to-make-living-in-thailand-easier-and-less-bureaucratic/

Wealthy Global Citizen * Qualifications and Criteria 

• 1$ Mil USD assets
• income 80k USD per year last two years
• 500k USD investment in Thailand

Does the applicant need meet all three criteria or just one of the three?

 

I'm not in a mood to invest $500k USD in Thailand at this time.

 

Edited December 27, 2022 by Captain Monday

[ThailandRyan]

7 minutes ago, Captain Monday said:

Wealthy Global Citizen * Qualifications and Criteria 

• 1$ Mil USD assets
• income 80k USD per year last two years
• 500k USD investment in Thailand

Does the applicant need meet all three criteria or just one of the three?

 

I'm not in a mood to invest $500k USD in Thailand at this time.

 

If your 50 or over the LTRWP visa works with just having over 80k USD in a pension you obtain every year and a 50k USD health Insurance policy.

 

[Misty]

18 hours ago, JJJJJJJJ said:

@MistyWhen you applied for the work permit, have you provided the medical certificate? 

Yes, the BoI staff said that the medical certificate was required for issuing the digital work permit.  Since there was no section designated to upload it to, I uploaded it to the "Other" category. 

 

The BoI staff said I could also have attached it to the WP46 pdf and uploaded it there.