LTR visa, how long does it take?

[Desmond77]

Hi everyone,

 

I have submitted my application for the LTR (Work From Thailand Professional). I am currently based in Thailand on Non-B visa with Work Permit. I am holding 2 jobs - one for a Thai company and another with a UK-based company which allows me to work remotely.

 

I have submitted my application on the 25 Nov. Documents which I have submitted include the following:

1. Passport with all the pages that have the Thai immigration stamps

2. My Non-B visa and work permit

3. Tax returns for the last 2 years - 2023 and 2022 (Both fulfilling the minimum annual salary of USD80,000) 

4. Pay slips and bank statements from Jan to Nov 2024, showing that the required salary from the UK-based company has been paid to my bank account every month.

5. My full Curriculum Vitae for the past 24 years of my career

6. Employment contract issued back in 2021 when I was being promoted to be the Regional Director ( I have been with the company since Jun 2018)

7. A recent Certificate of Employment from the UK-based company stating my current position, my pay package and my term of employment, which is ongoing.

8. Certificate of employment from my previous employer.

9. Authorisation from my UK-based company, stating that I am authorised to work remotely from Thailand and I will not be engaging any form of employment or business entities in Thailand.

10. An organization chart of my UK-based company, showing that the person who signed all my supporting documents are authorised to do so. The signatory is my Regional CEO.

11. Corporate profile of my UK-based company, showing that it is a legit global company.

12. 3 years of audited statement of accounts of my UK-based company, audited by Deloitte, showing that the total revenue generated over the last 3 years (2021, 2022, 2023) are more than the required amount of USD150M.

 

On the 3 Dec, BOI requested for the termination letter from the Thai company to prove that I will be resigning from that company. I have submitted the letter on the same day.

 

On the 9 Dec, BOI has requested for my insurance coverage of minimum THB2M, which I have purchased from AXA and submitted it on the same day. 

 

The current status still shows "Consideration by Government Agencies@ and I have not heard from BOI since the 9 Dec. Should I be worried about my application?

[Presnock]

On 12/16/2024 at 1:36 PM, Desmond77 said:

Hi everyone,

 

I have submitted my application for the LTR (Work From Thailand Professional). I am currently based in Thailand on Non-B visa with Work Permit. I am holding 2 jobs - one for a Thai company and another with a UK-based company which allows me to work remotely.

 

I have submitted my application on the 25 Nov. Documents which I have submitted include the following:

1. Passport with all the pages that have the Thai immigration stamps

2. My Non-B visa and work permit

3. Tax returns for the last 2 years - 2023 and 2022 (Both fulfilling the minimum annual salary of USD80,000) 

4. Pay slips and bank statements from Jan to Nov 2024, showing that the required salary from the UK-based company has been paid to my bank account every month.

5. My full Curriculum Vitae for the past 24 years of my career

6. Employment contract issued back in 2021 when I was being promoted to be the Regional Director ( I have been with the company since Jun 2018)

7. A recent Certificate of Employment from the UK-based company stating my current position, my pay package and my term of employment, which is ongoing.

8. Certificate of employment from my previous employer.

9. Authorisation from my UK-based company, stating that I am authorised to work remotely from Thailand and I will not be engaging any form of employment or business entities in Thailand.

10. An organization chart of my UK-based company, showing that the person who signed all my supporting documents are authorised to do so. The signatory is my Regional CEO.

11. Corporate profile of my UK-based company, showing that it is a legit global company.

12. 3 years of audited statement of accounts of my UK-based company, audited by Deloitte, showing that the total revenue generated over the last 3 years (2021, 2022, 2023) are more than the required amount of USD150M.

 

On the 3 Dec, BOI requested for the termination letter from the Thai company to prove that I will be resigning from that company. I have submitted the letter on the same day.

 

On the 9 Dec, BOI has requested for my insurance coverage of minimum THB2M, which I have purchased from AXA and submitted it on the same day. 

 

The current status still shows "Consideration by Government Agencies@ and I have not heard from BOI since the 9 Dec. Should I be worried about my application?

If  any doubt, just contact the BOI and ask them if there is anything missing that they need for final approval.  Those initial checks at the BOI are to insure that the final govt officials that sign off on the LTR can easily note the required qualifications so the personnel at the BOI should probably have an idea if there might be a problem.  Good luck anyway.

[Desmond77]

On 3/2/2025 at 10:12 AM, Presnock said:

If  any doubt, just contact the BOI and ask them if there is anything missing that they need for final approval.  Those initial checks at the BOI are to insure that the final govt officials that sign off on the LTR can easily note the required qualifications so the personnel at the BOI should probably have an idea if there might be a problem.  Good luck anyway.

Thank you so much, Presnock.

 

I have gotten the LTR visa stamped in on to our passports on the 27 Jan this year. All good now. 

[Presnock]

1 hour ago, Desmond77 said:

Thank you so much, Presnock.

 

I have gotten the LTR visa stamped in on to our passports on the 27 Jan this year. All good now. 

Congrats on that.  I hope it is the best fit for you as it is for me!  I do my 1-year address report to BOI within the next 2 weeks.  Seems really easy based on their note of the visit.

[Desmond77]

17 minutes ago, Presnock said:

Congrats on that.  I hope it is the best fit for you as it is for me!  I do my 1-year address report to BOI within the next 2 weeks.  Seems really easy based on their note of the visit.

Thank you very much. 

 

Certainly no regrets for us. Enjoying the tax free, hassle free life of being a LTR holder. Just filed my taxes for last year with the TRD. They have given me a tax refund and informed me that I am no longer required to file any taxes till my LTR expires in 2035.

 

LTR may be a little challenging to apply, given the number of documents you need to upload but once you get it, you will love it.

[Presnock]

15 minutes ago, Desmond77 said:

Thank you very much. 

 

Certainly no regrets for us. Enjoying the tax free, hassle free life of being a LTR holder. Just filed my taxes for last year with the TRD. They have given me a tax refund and informed me that I am no longer required to file any taxes till my LTR expires in 2035.

 

LTR may be a little challenging to apply, given the number of documents you need to upload but once you get it, you will love it.

basically it all comes down to how simple one's finances are in my case tax forms (2years and just the 1st page), one letter from my health insurer providing proof of at least 50K coverage and my passport pages.  DId all on my computer at home, within 3 weeks had the LTR.  I wasn't concerned with the taxes on income as mine is a US govt civil service pension but do like no 90-day reports, getting bank letters, etc plus yearly visit if necessary for address confirmation seems almost too easy based on all the years of retirement O.  Glad they came out with the 50% cheaper too.

[Dakhar]

My issue is I am a member of an LTD company in the USA. It isn't clear if the $ is considered passive or non-passive, as according to America the money is not considered a salary.

[K2938]

On 3/5/2025 at 2:31 AM, Dakhar said:

My issue is I am a member of an LTD company in the USA. It isn't clear if the $ is considered passive or non-passive, as according to America the money is not considered a salary.

Yes, I think this was discussed before, maybe like a year ago, and they declined saying it is no passive income

[oldcpu]

On 3/3/2025 at 5:21 PM, Desmond77 said:

Thank you very much. 

 

Certainly no regrets for us. Enjoying the tax free, hassle free life of being a LTR holder. Just filed my taxes for last year with the TRD. They have given me a tax refund and informed me that I am no longer required to file any taxes till my LTR expires in 2035.

 

That is interesting to read. Were you informed verbally by an RD official,  or did they provide such by other communication means? ( email, social media,  postal mail?).  I presume they included a caveat saying that was the case ( no tax return required) as long as any local Thai income you might have ( from investments) did not exceed a certain threshold. 

[Presnock]

On 3/3/2025 at 1:41 PM, Presnock said:

basically it all comes down to how simple one's finances are in my case tax forms (2years and just the 1st page), one letter from my health insurer providing proof of at least 50K coverage and my passport pages.  DId all on my computer at home, within 3 weeks had the LTR.  I wasn't concerned with the taxes on income as mine is a US govt civil service pension but do like no 90-day reports, getting bank letters, etc plus yearly visit if necessary for address confirmation seems almost too easy based on all the years of retirement O.  Glad they came out with the 50% cheaper too.

I just did my first year report of address to the BOI immigration - less than 10 minutes total including waiting in line at the immigration info booth.  super easy just download  the form fill it out at home and either take it to the immigration or send it via your wife or an agent or whatever.  too easy for sure!!