In accordance with the measures to stimulate the economy and investment due to consequences of COVID-19 outbreak in Thailand, the government has issued criteria for foreigners long-term stay in Thailand by providing a new visa called “Long-Term Resident (LTR) Visa”. The creation of the LTR Visa will encourage more domestic spending, be beneficial to business operators and easier for those wishing to generate income in Thailand.
In January 2022, the Minister of the Interior, with approval from the cabinet, issued an announcement regarding the permission of certain groups of foreigners to stay in the Kingdom. The announcement was in accordance with the measures to stimulate the economy and investment by attracting high potential foreigners to Thailand (“Announcement”), announced in the Government Gazette on 2 June 2022 and became effective on 1 September 2022.
Types of LTR Visa and qualifications
LTR Visas will be offered to four categories of foreigners: wealthy global citizens, wealthy pensioners, work-from-Thailand professionals, and highly-skilled professionals. Spouses and dependents of LTR Visa holders will qualify for the same visa.
Key privileges related to LTR Visa
- 10 years extendable visa permission will be granted to stay in Thailand. The visa is valid for five years with a five years extension if qualifications are met
- Exemption from four Thais to one foreigner employment requirement ratio
- Fast track service at international airports in Thailand
- 90-day report extended to one year and exemption of re-entry permit requirement
- Multiple re-entry permit
- Permission to work in Thailand
- 17% personal income tax for the highly-skilled professionals
- Tax exemption for overseas income
- Immigration and work permit facilitation services at One Stop Service Center for visa and work permit
Key post-compliance considerations
- All LTR Visa holders working in Thailand must also hold a valid work permit.
- Foreigners and dependents must notify their residence to the authorities annually from date of approval.