What is an LTR Visa? What are the eligibility criteria for foreigners to obtain an LTR Visa?

Thailand offers a Long-Term Resident (LTR) visa, which provides benefits including tax incentives and other privileges to attract high-potential foreigners for long-term investment and residence. The visa aims to promote Thailand’s growth by welcoming skilled and specialized foreign residents, new talent, and advanced technologies, thereby stimulating spending, investment, and overall economic development.

 The LTR visa also helps strengthen the private sector by streamlining processes and making it much easier for foreigners to obtain work permits.

.Who is the primary target group for the Long-Term Resident (LTR) visa program?

To attract high-potential foreigners from around the world to reside and/or work in Thailand, the main target groups include:

1.High-net-worth individuals (Wealthy Global Citizens)

 Foreign nationals who hold total assets of no less than 1 million US dollars.

2.Wealthy pensioners with high retirement income. 

They are foreign retirees aged 50 and above who receive a pension or have a stable income.

3.Professionals who wish to work from Thailand (Work-from-Thailand Professionals)

They are individuals who work from Thailand for foreign companies with recognized business performance.

4.Highly-skilled professionals.

Individuals with advanced skills or specialized expertise working for companies, higher education institutions, research institutes, or government agencies in Thailand, provided that their work is within targeted industries. 

5.Spouses and children of Long-Term Resident (LTR) visa holders.

Spouses and children under 20 years old of LTR visa holders (up to 4 dependents allowed).

What are the key benefits of holding a Long-Term Resident (LTR) visa?

It is a visa that offers a wide range of benefits, ideal for those who love Thailand. It allows for long-term residence and reduces various administrative hassles, such as the removal of the requirement to employ four Thai workers per foreigner, access to special Fast Track lanes at international airports, and other attractive privileges, including: 

• Personal income tax deductions 
• Residence in Thailand for up to 10 years (initial 5 years, renewable for another 5 years)
• Special Fast Track access at international airports
• Report residential address annually (previously every 90 days)
• Granted permission to work in Thailand (through the e-Work Permit system)
• Flat personal income tax rate of 17% (applies only to highly-skilled professionals)
• Reduces procedures for visa and work permit processing
• Allows up to 4 dependents (spouse/children)

Consult a visa expert now!

The eligibility criteria for applicants are divided into 4 main groups.

1.High-net-worth individuals (Wealthy Global Citizens)

•  Income of not less than 80,000 USD per year over the past 2 years.
•  Total assets of not less than 1,000,000 USD.
• Investment in Thailand of no less than 500,000 USD.

2.Wealthy pensioners with high retirement income.

• Aged 50 years or older.
• Pension or other financial support income from abroad of no less than 80,000 USD per year.
• If the income is between 40,000–80,000 USD per year, an investment in Thailand of no less than 250,000 USD is required.

3.Professionals who wish to work from Thailand (Work-from-Thailand Professionals)

• Foreign income of no less than 80,000 USD per year over the past 2 years.
• If the income is between 40,000–80,000 USD per year, the applicant must have a master’s degree or intellectual property.
• Work for a foreign company with revenue of no less than 150 million USD over the past 3 years.
• At least 5 years of experience in the same field within the past 10 years.

4.Highly-skilled professionals.

• Income of no less than 80,000 USD/year or 40,000 USD/year (if working in Thailand).
• Master’s degree or possess specialized skills.
• 5 years of experience in relevant fields within the past 10 years.
• Worked in target industries, such as digital, health sciences, electronics, etc.
• If working with a Thai government agency, no minimum income is required.

You can consult FDI for the step-by-step process of applying for an LTR Visa!

There will be steps for qualification verification and visa endorsement, which you can consult FDI, experts in visas and work permits, to assist with document preparation and submission throughout the process. The main steps include: 

1. Submit the application and supporting documents for review.
2. Preliminary review within 20 business days, starting from the date the complete application and supporting documents are submitted. 
3. Applicants who have been approved for the LTR visa can apply for the visa at a Thai embassy, consulate, or immigration office within 60 days, paying a 10-year visa fee of THB 50,000 per person. 

The procedures for a Long-Term Residence (LTR) Visa in Thailand, while appearing straightforward on paper, can be complex in practice due to varying eligibility criteria, required documents, and processing steps, which may differ for each applicant group. Consulting experts like FDI ensures a smooth, fast, and legally compliant process. With FDI’s guidance, you can minimize risks, save time, and turn a complicated process into an easy one—just reach out to us for assistance.

Contact Us 

• Facebook : FDI Group – Business Consulting
• Line : @fdigroup
• Phone : 02-642-6866, 02-642-6869, 02-642-6895
• E-mail : infojob@fdi.co.th
• Website : www.fdi.co.th