Apply long term visa Thailand
Apply long term visa Thailand
From Thailanding.Co | November 9, 2023
Thailand, known for its vibrant culture, stunning landscapes, and welcoming atmosphere, is now offering a unique opportunity for individuals seeking a long-term stay in the Land of Smiles. The Long-Term Resident (LTR) Visa is a 10-year visa program designed to attract high-potential foreigners who wish to make Thailand their home. In this blog post, we will delve into the application process and eligibility criteria for this exciting opportunity.
Overview of the LTR Visa Program
Thailand’s LTR Visa program, initiated in September 2022, aims to make the country a regional hub for living and business for high-potential individuals. The program recognizes Thailand as a home to multinational corporations and a top tourist destination, making it an attractive location for professionals looking to work remotely.
LTR Visa Categories
The LTR Visa is available in four categories, each catering to specific groups:
- 1.Wealthy Global Citizens
- 2.Wealthy Pensioners
- 3.Work-from-Thailand Professionals
- 4.Highly-Skilled Professionals
Eligibility Criteria
Wealthy Global Citizens
- Minimum USD 1 million in assets
- Annual income of at least USD 80,000 for the past two years
- Investment of at least USD 500,000 in Thai government bonds, foreign direct investment, or Thai property
- Health insurance with at least USD 50,000 coverage or a deposit of USD 100,000
Application Process Overview:
- Submission: Register and submit an online application for qualifications endorsement and supporting documents.
- Endorsement: After document verification, the application undergoes a qualifications endorsement process, with results notified within 20 working days.
- Visa Issuance: Approved applicants can proceed with visa issuance, with a 10-year multiple-entry visa available for a processing fee of 50,000 Baht.
Wealthy Pensioners
- Age 50 or older
- Annual pension or stable income of at least USD 80,000
- Investment requirements for varying income levels
- Health insurance and financial status evidence
Application Process: Similar to the process for Wealthy Global Citizens.
Work-from-Thailand Professionals
- Annual income of at least USD 80,000 for the past two years
- Additional criteria for those with income between USD 40,000 and USD 80,000
- Health insurance, work experience, and employer criteria
Application Process: Mirrors the general steps outlined in the Wealthy Global Citizens section.
Highly-Skilled Professionals
- Annual income of at least USD 80,000 for the past two years
- Criteria for those with income between USD 40,000 and USD 80,000
- Specialized expertise and industry-specific requirements
- Health insurance and work experience criteria
Application Process: Similar to the outlined process for Wealthy Global Citizens.
Additional Privileges
Apart from the extended visa duration, LTR Visa holders enjoy various privileges, including a discounted personal income tax rate, permission to work in Thailand, and fast-track services at international airports.
Conclusion
Thailand’s Long-Term Resident Visa program opens the door for individuals seeking a prolonged stay in this beautiful country. Whether you are a wealthy global citizen, a retiree, a remote worker, or a highly-skilled professional, this program provides a pathway to experience the charm of Thailand for an extended period. Make sure to carefully follow the application process and fulfill the eligibility criteria for a smooth and successful application.
For those considering this exciting opportunity, the LTR Visa offers not just a chance to reside in Thailand but also to contribute to the country’s growth and development. If you have any questions or need assistance with your LTR Visa application, feel free to get in touch with Thailanding.Co.