Long Term Resident Visa (LTR)

Background - Long Term Resident Visa (LTR)

LTR visas are offered to four classes of foreigners including:

  1. Wealthy Global Citizens
  2. Wealthy Pensioners
  3. Work-From-Thailand Professionals
  4. Highly Skilled Professionals

The benefits of the LTR visa are as follows:

  1. 17% personal income tax.
  2. 10 year term visa.
  3. Permission to work in Thailand without a work permit.
  4. Exemption from 4 Thai employee requirement to obtain a work permit.
  5. 90 day address reporting requirement increased to 1 year.
  6. Fast track service at international airports in Thailand.

The Wealthy Global Citizen category has the following requirements:

  1. US $1,000,000 in assets;
  2. Personal income of US $80,000 per year for the past 2 years;
  3. Investment of at least US $500,000 in Thai government bonds, foreign direct investment or Thai property; and
  4. Health insurance with US $50,000 in coverage or US $100,000 deposit.

The Wealthy Pensioner category has the following requirements:

  1. Personal income of US $80,000 per year at the time of the LTR visa application or personal income of US $40,000 per year at the time of the LTR visa application and investment of US $250,000 in Thai government bonds, foreign direct investment or Thai property; and
  2. Health insurance with US $50,000 in coverage or US $100,000 deposit.

The Work-From-Thailand Professional category has the following requirements:

  1. Personal income of US $80,000 per year for the past 2 years; or
  2. Personal income of US $40,000 per year for the past 2 years plus a master's degree or higher, own intellectual property or receive Series A funding;
  3. Employer by a public company on a stock exchange or private company in operation for at least 3 years with revenue of US $150,000,000 in the last three years;
  4. 5 years of work experience in relevant field of employment during the past 10 years; and
  5. Health insurance with US $50,000 in coverage or US $100,000 deposit.

The Highly Skilled Professional category has the following requirements:

  1. Personal income of US $80,000 per year for the past 2 years; or
  2. Personal income of US $40,000 per year for the past 2 years plus a master's degree or higher in a science and technology field or special expertise relevant to the job assignment in Thailand;
  3. Business in any targeted industries of the BOI; or
  4. Working for a higher education institution, research institution, specialized training institution or Thai government agency;
  5. 5 years of work experience in a targeted industry except for applicants with a PhD or above in their relevant field of the targeted industry or working for a Thai government agency;
  6. Health insurance with US $50,000 in coverage or US $100,000 deposit.

NNP Group - Scope of Service

Our LTR Vvsa application service includes the following:

  • Assist with preparing visa application forms.
  • Provide list of required supporting documents.
  • Assist with preparing or obtaining required supporting documents.
  • Submit application to the BOI (Board of Investment).
  • Follow up application to decision.
  • Correspondence by email, telephone and in person meetings when necessary.