Be sure to check out the details for Your Ultimate Guide to Becoming a Long Term Resident in Thailand.
The Long Term Resident (LTR) visa that has recently been announced is a program designed to attract ‘high-potential’ foreigners to Thailand. By providing a seamless application and approval process it offers many benefits to individuals who are looking to Thailand as a destination to work, retire and simply reside in.
It is attractive to individuals by offering benefits such as a visa which is valid for 10 years and a range of tax and non-tax benefits.
LTR is available for the following groups:
- Wealthy global citizens
- Wealthy pensioners
- Professionals working in Thailand
- Highly skilled workers
Holders of an LTR visa will be eligible for many benefits which have been designed to make living in Thailand long term easier. *Examples include:
- Special Personal Income Tax (PIT) rate of 17% for Highly Skilled Professionals.
- Tax exempted for overseas income.
- Permission to work in Thailand. Holders of the LTR will be eligible to receive a Digital Work Permit.
*As your individual Tax situation may differ and be complex, it is advised to always check with a Tax expert on your specific requirements and obligations. You can reach out to a Tax expert or Employer of Record such as Aster Lion to assist you to ensure you remain compliant.
Thailand Long Term Visa
The LTR visa allows foreigners to remain in Thailand for up to ten years and a total of four dependents (such as spouse and children) may be granted a visa as well.
Other benefits include:
- Valid for a period of 10 years.
- No more 90 reporting
- Multiple re-entry permits
- Possibility to obtain a work permit
- Income tax incentives
- Airport Fast Track service
- Exempted from the employment requirement ratio
- Use of the Fast Track Service at qualifying airports
Even with your SMART or LTR Visa, you need to remain compliant with tax and statutory requirements. Engage Aster Lion to get your visa and look after these requirements while you focus on growing your business!
LONG TERM VISA APPLICATION PROCESS
Qualification
Check here to understand the requirements for each category to ensure you meet the qualifications.
Prepare documentation:
Download Your Thailand SMART & LTR Visa Requirement Checklist from our website and check all the documentation required for submission.
Free Consultation:
Our team will go through your details to ensure everything is correct
Submission:
Our team will consolidate all detail and submit your application to BOI and ensure a smooth and timely approval.
Obtaining a Digital Work Permit:
Our visa expert will assist the applicant in applying for the Digital Work Permit at the One Stop Service Center for Visa and Work Permits.
Frequently Asked Questions
Approximately 2-3 months.
Yes, it is possible for you to bring your family as dependents under the LTR visa.
Yes, the LTR visa offers the possibility for holders to obtain a digital work permit.
Yes, the LTR visa comes with multiple re-entry permits.
Do Thailand Digital Nomads Have to Pay Tax?
Your obligation to pay tax will vary greatly depending on the type of Visa you secure. Because of the complexity, it’s best to engage with a Tax or Employer of Record expert such as Aster Lion to ensure you are compliant with your tax and statutory requirements.
How Hiring a Professional Employer of Record Partner Can Help
A professional Employer of Record (EOR provider) can help your firm fulfill your Thailand staffing requirements and you can save money, paperwork, labor costs, and legal troubles by working with a firm that specializes in Thailand EOR & payroll solutions.
Why?
These specialized firms already know and comply with Thai employment law, whether you need a local labor force supplemented by in-person or remote workers, or you just need assistance paying your employees properly.
