10 Years Long-term Resident (LTR): The most significant privileges, worth keeping an eye on.

LTR

10 Years Long-term Resident (LTR): The most significant privileges, worth keeping an eye on.

Thailand is always an excellent destination to stay with various categories of permit to apply for. Even though Thai Permit to stay has such many types, privileges and qualifications are slightly restricted. Providentially, a Long-term Resident (LTR) is currently established. Seeking a friendly welcome to live in The Land of Smiles as well as to make Thailand your home, LTR may be the key.

Eligibilities of Wealthy Foreigners permitted to apply

The Long-term Resident (LTR) is now offering 4 distinguished types; Wealthy Global Citizens, Wealthy Pensioners, Work-From-Thailand Professionals, and Highly Skilled Professionals. Please review the criteria of each type as follows:

Wealthy Global Citizens

  • Individuals holding at least USD 1 million in assets and investment in Thailand;
  • Personal income of a minimum of USD 80,000 /year;
  • Investment in Thai government bonds, foreign direct investment, or Thai property of at least USD 500,000;
  • Heath insurance with;

(a) At least USD 50,000 coverage or

(b) Social Security benefits insuring treatment in Thailand or

(c) At least USD 100,000 deposit.

Wealthy Pensioners

  • Aged 50 years and older;
  • Personal income of a minimum of USD 80,000 /year;
  • Personal income below USD 80,000/year no less than USD 40,000/year must invest at least USD 250,000 in Thai government bonds, foreign direct investment, or Thai property;
  • Heath insurance with;

(a) At least USD 50,000 coverage or

(b) Social Security benefits insuring treatment in Thailand or

(c) At least USD 100,000 deposit.

Work-From-Thailand Professionals

  • Remote workers of well-established overseas company;
  • Personal income of a minimum of USD 80,000 /year;
  • Personal income below USD 80,000/year no less than USD 40,000/year must have a Master’s degree or above or own intellectual property or receive series A funding;
  • Current employer of

(a) Public company on a stock exchange or;

(b) Private company in operation for at least three years with combined revenue at least USD 150 million;

(c) Experience, at least 5 years of work experience in the relevant fields of the current employment over the past 10 years;

  • Heath insurance with;

(a) At least USD 50,000 coverage or

(b) Social Security benefits insuring treatment in Thailand or

(c) At least USD 100,000 deposit.

Highly Skilled Professionals

  • Personal income of a minimum of USD 80,000 /year;
  • Personal income below USD 80,000/year no less than USD 40,000/year must have a Master’s degree or above in science and technology or special expertise relevant to the job assignment in Thailand;
  • No minimum personal income for professionals working for Thai government agencies;
  • Current employer of business or higher education institution, research institution, specialized training institution, or Thai government agency in any targeted industries;
  • Experience, at least 5 years of work experience in the targeted industries except for applicants with PhD or above in the relevant fields of the targeted industries or applicants working for Thai government agencies.
  • Heath insurance with;

(a) At least USD 50,000 coverage or

(b) Social Security benefits insuring treatment in Thailand or

(c) At least USD 100,000 deposit.

Having extraordinary privileges than others?

Perquisites will be granted to LTR holders as follows:

  1. 10-year permit with multiple re-entry permit (Renewable);
  2. Permission to work and obtain Digital Work Permit in Thailand;
  3. Exemption of foreigner required ratio (4 Thais: 1 foreigner) regarding employment;
  4. Fast-Track Service at Airport;
  5. Requires only 1-year report (no more 90-days report);
  6. Tax reduction and exemption;
  7. Facilitation services at One Stop Service Center at Chamchuri Square Building;

Dependants under Long-term Resident (LTR) Visa

Dependants of LTR holders could be permitted only a spouse and children(under 20 years of age) and limited to 4 dependants. Impressively, a spouse could be granted a Work Permit to work in Thailand as well.

Summary: Long-term Resident (LTR)

Long-term Resident (LTR) holders be allowed to live and work in Thailand with fully satisfied benefits. In conclusion, LTR is exclusive and compact. It is now open for application. If you require further details regarding the LTR process, please feel free to contact us as specified below. We are looking forward to serving you.

For further information please contact us:

Email: contact@lawthai.com

Tel: (66) 026240555

Line: @wlaw

Bangkok Office: 989 Siam Piwat Tower 12A Floor, Unit B1-B2, room no. 1252, Rama I Road, Pathumwan Sub-District, Pathumwan District, Bangkok Metropolis 10330 THAILAND

Pattaya Office : 333/102 Moo 9 Central Festival Pattaya Beach 4th Floor, unit RMU411, Nongprue,  Banglamung, Chonburi Province 20150

Phuket Office: 63/202 Moo 2 Royal Phuket Marina, MC2 Building, Room No. 023, Thepkasattri Road, Kohkaew District, Muang Phuket District, Phuket Province 83000

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