Introduction
Thailand’s Long-Term Resident (LTR) visa program is designed to attract high-potential foreign nationals who wish to live, work, or retire in Thailand. With benefits like a 10-year visa validity, tax incentives, and simplified administrative procedures, the LTR visa offers an attractive option for expatriates looking to establish long-term residency in Thailand.
This guide provides a comprehensive overview of the Thailand LTR visa, covering its eligibility criteria, application process, benefits, legal and tax considerations, and how to ensure compliance with Thai regulations.
Thailand LTR Visa Overview
The LTR visa is available for four main groups of foreign nationals:
1. Wealthy Global Citizens – Individuals with substantial assets who wish to reside in Thailand.
2. Wealthy Pensioners – Retirees with stable pension income.
3. Professionals Working in Thailand – Individuals employed in Thailand with stable income.
4. Highly Skilled Workers – Experts in key industries contributing to Thailand’s economy.
Key Benefits of the LTR Visa
- 10-year visa validity
- No 90-day reporting requirement
- Multiple re-entry permits
- Permission to work in Thailand with a Digital Work Permit
- Special Personal Income Tax (PIT) rate of 17% for highly skilled professionals
- Tax exemption on overseas income
- Fast-track service at international airports
- Exemption from the employment requirement ratio for foreign workers
LTR Visa Requirements
Each category has its own eligibility requirements. Below are the general criteria for each:
1. Wealthy Global Citizens
- Minimum investment of USD 500,000 in Thai government bonds, property, or direct investment.
- Personal income of at least USD 80,000 per year for the past two years.
- Minimum assets worth USD 1 million.
2. Wealthy Pensioners
- Aged 50 or older.
- Minimum pension income of USD 80,000 per year.
- If income is between USD 40,000–79,999 per year, an investment of USD 250,000 in Thai assets is required.
3. Professionals Working in Thailand
- Minimum income of USD 80,000 per year for the past two years.
- If income is between USD 40,000–79,999 per year, a Master’s degree or specialized experience in a targeted industry is required.
- Employment with a Thai company in an eligible sector.
4. Highly Skilled Workers
- Minimum income of USD 80,000 per year.
- If income is between USD 40,000–79,999 per year, at least five years of experience in the relevant field is required.
- Employment with a Thai company in a targeted industry.
LTR Visa Application Process
Each category has its own eligibility requirements. Below are the general criteria for each:
Step 1 - Qualification Check
- Verify that you meet the eligibility criteria for your chosen LTR category > check your eligibility here.
- Consult a visa expert to assess your qualifications.
Step 2 - Document Preparation
- Download the Thailand LTR Visa Requirement Checklist.
- Gather necessary documents, including proof of income, investment details, and employment verification.
Step 3 - Consultation & Submission
- Engage with a professional visa service provider like Aster Lion for a free consultation.
- Submit your application and supporting documents to the Thailand Board of Investment (BOI).
Step 4 - Approval & Issuance
- The BOI reviews applications and provides qualification endorsements.
- Upon approval, applicants receive their LTR visa and Digital Work Permit (if applicable).
Legal & Tax Considerations
Even with an LTR visa, it is essential to comply with Thai tax and labor laws.
Tax Obligations
- Highly skilled professionals benefit from a flat 17% personal income tax rate.
- Overseas income is tax-exempt for LTR holders.
- The specific tax obligations depend on factors such as income source, employment status, and length of stay in Thailand.
Work & Business Compliance
- Holders of the LTR visa can legally work in Thailand and receive a Digital Work Permit.
- Companies hiring foreign workers must ensure compliance with Thai employment laws and payroll regulations.
For tailored tax guidance, consult a tax expert or Employer of Record (EOR) service such as Aster Lion to ensure full compliance with Thai regulations.
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.
How an Employer of Record (EOR) Can Help
A Professional Employer of Record (EOR) simplifies the process of hiring and managing foreign employees in Thailand. An EOR can:
- Handle work permits and visa compliance.
- Ensure payroll and tax compliance.
- Reduce administrative burdens for businesses expanding into Thailand.
By partnering with an EOR like Aster Lion, companies can avoid legal complexities and focus on growth while ensuring full compliance with Thai employment laws.
Conclusion
The Thailand LTR visa is an excellent opportunity for high-potential foreign nationals to live and work in Thailand with long-term stability and attractive benefits. Whether you are a retiree, investor, professional, or skilled worker, this visa provides a streamlined pathway to residency with financial and tax advantages.
Navigating the visa application process and staying compliant with tax and labor regulations can be complex. For expert guidance, book a free consultation with Aster Lion to ensure a seamless transition to long-term residency in Thailand.
