Due to the spread of the COVID-19 virus Causing a slowdown in the global economy On September 1, 2022, the Thai government has launched a new type of visa “Long – Term Resident Visa: LTR Visa” as a measure to stimulate the economy and investment. by attracting high potential foreigners to Thailand and assigned the Office of the Board of Investment (BOI) to be responsible To drive LTR Visa as an important tool to attract wealthy, highly skilled and professional investors to live in Thailand.
What is LTR Visa?
Long-Term Resident Visa or LTR Visa is a new type of visa from Thailand. contributing to tax benefits as a measure to stimulate the economy and investment To increase the attractiveness of living and investing among high-potential individuals, Thailand is currently home to Multi-National Corporations (MNCs) from all over the world and is also one of the prime tourist destinations in Asia. Wealthy Global Citizens, Wealthy Pensioners, Work-from-Thailand Professionals and Highly Skilled Professionals. Spouses and dependents of LTR Visa holders will be held in the same category.
- Wealthy Global Citizens – Individuals with assets of at least $1 million.
- Wealthy Pensioners – Retirees age 50 or older with a stable annual pension or passive income.
- Work-from-Thailand Professionals – People who work for large companies abroad. that can work from anywhere
- Highly skilled professionals – Professionals who work for the company. higher educational institutes, research centers, special training institutions in Thailand or Thai government officials
Benefits for LTR Visa holders
- Get the right to apply for a visa for a period of 10 years to stay in Thailand. The initial filing will be granted for 5 years, which can be extended for another 5 years if all qualifications are met.
- The exemption of the proportion of employment by 4 Thai people per 1 foreigner.
- Fast-track service at international airports in Thailand
- Extending the reporting period from 90 days to 1 year and waiving new entry permits
- Multiple Re-Entry Permit to enter Thailand
- Permit to work in Thailand (digital license)
- 17% income tax for professionals
- Tax Exemptions on Foreign Income
- Immigration and work permit services at One Stop Service Center for Visa and Work Permit
Eligibility Criteria for LTR Visa
Each type of visa has different qualifications. But in general, it must have the following qualifications.
- Legal Residency : You must maintain your legal resident status for the duration of your stay. with a valid visa or permit
- Legal Residency : You must maintain your legal resident status for the duration of your stay. with a valid visa or permit
- Financial Stability : Some types require applicants to provide evidence of financial stability, such as proof of a stable income or savings sufficient to support themselves during their stay.
- Applications : Some categories will assess applicants based on their integration into the local culture. language ability and community participation
LTR Visa application process
Although the specific application process may vary from category to category and person. But the general steps involved in obtaining an LTR Visa are as follows:
- Research and Understand : Familiarize yourself with the immigration policy and LTR Visa requirements, and be sure to understand the specific documents and forms you need to submit.
- Gather Documents : Gather all required documents. This may include a valid passport. proof of residency, financial statements, employment records and any additional supporting documents that the immigration officials want
- Application Submission : Submit the completed application form along with supporting documents to the designated immigration office and pay the LTR Visa fee.
- Interview : Some visas may require an in-person interview and biometric data such as fingerprints or photographs.
- Visa Approval : If your application is approved, you will receive your LTR Visa. Be sure to follow any specific instructions. which the immigration officials gave
- Visa Approval : If your application is approved, you will receive your LTR Visa. Be sure to follow any specific instructions. given by the immigration officer
The LTR Visa can be a life-changing opportunity for those seeking long-term residency abroad. Understanding the Benefits Eligibility Criteria And the application process is essential to ensure a smooth and successful application. You can consult your visa company for accurate and up-to-date information about LTR Visa.
If you need help applying for a Long – Term Resident Visa : LTR Visa, FDI Accounting & Advisory is an international visa company that provides consultancy and services for visa and work permit applications. from experts with experience and knowledge More than 25 years of competence that will help to apply for a visa is easy, convenient, saves time, reduces the risk of being denied a visa. We provide both for those who want to work in Thailand and for traveling to work abroad. Take care of both LTR Visa applications, various permits, certificates and related documents such as visa renewals. work permit application You can check and request our services Here, free of charge. for your smooth journey !
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