Long-Term ResidentVisa (LTR)

Good News!!!

As of September 1, 2022, you can apply for Long-Term Residents Visa to stay in Thailand

Eligible for LTR Visa

Applications for a long-term resident visa are offered under the following schemes:

Wealthy Global Citizen

The wealthy global citizen scheme is for anyone with assets worth $1,000,000 USD and a minimum personal income of $80,000 USD during the past two years.

This scheme also requires an investment of at least $500,000 USD in Thailand. Investment can be in the form of government bonds, direct investment, or property in Thailand.

Wealthy Pensioner

To apply for the wealthy pensioner scheme, you must be at least 50 years old and have a minimum annual personal income of $80,000 USD.

Alternatively, your annual personal income must be at least $40,000 USD and you need to invest at least $250,000 USD in Thailand. Investment can be in the form of government bonds, direct investment, or property in Thailand.

Work-from-Thailand Professional

This scheme is for anyone who’s working for a company outside of Thailand but wants to work in Thailand.

To be qualified for this scheme, you need to have a minimum annual income of $80,000 USD during the past two years. Alternatively, your minimum annual income can be $40,000 USD, but you must have at least a master’s degree.

You also need to have at least a five-year working experience and work in a publicly listed company or a private company that has at least $150 million in revenue during the last three years.

Highly-Skilled Professional

This scheme is for anyone who’s working for a company in Thailand.

To be qualified for this scheme, you need to have a minimum annual income of $80,000 USD during the past two years. Alternatively, your minimum annual income can be $40,000 USD, but you must have at least a master’s degree in science or technology. Otherwise, you need to prove that you have sufficient working experience in your job assignment.

You also need to have a five-year working experience and work in companies, training institutions in Thailand, BOI-targeted industries, or Thai government agencies.

Visa Requirement

REQUIRED DOCUMENT :

1. Copy of the passport

  • Personal data page and all pages with Thai visa stamps

  • Valid for at least 6 months from the date of visa issuance

  • At least 2 blank pages

are required for all types of Foreigners

2. Copy of change name and/or surname certificate,

if applicable for all types of Foreigners .

3. Documents related to family relationship

  • For spouse

    • Copy of marriage certificate

  • For children aged under 20

    • Copy of birth certificate or a proof of child custody, if applicable

                                                                                             

      4. Copy of Health insurance                                                  

  • Minimum coverage of 50,000 USD for hospitalization treatment in Thailand

  • The stamp and the signature of the insurance company are mandatory

  • Submission of this document can be done separately at a later date before a notification letter is issued

OR

  • Evidence showing valid social security benefits which insures hospitalization and treatment in Thailand

OR

  • Bank statement for the last 12 months, showing a deposit of no less than 100,000 USD and additional 25,000 USD per one dependent which has been held for at least 12 months

are required for all types of Foreigners

  1. For Wealthy Global Citizens (at least 500,000 USD investment in the following assets in Thailand), or for Wealthy Pensioners (at least 250,000 USD investment in the following assets in Thailand)

  • Copy of Thai Government Bond in applicant's name

  • Shareholder list with applicant's name as a shareholder (not more than 3 months old)

  • Portfolio statement in the last 12 months issued by brokerage companies

  • Evidence of investment in a venture capital company or private equity trust registered by the Securities and Exchange Commission

  • Copy of certificate of ownership of apartment/condo in applicant's name (Or.Chor 2, not more than 3 months old), and Copy of the sale and purchase agreement of the condominium unit

are required for all types of WGC , if applicable for WP

  1. Evidence of 1 million USD worth of assets ownershipREQUIRE

    are required for WGC.

  2. Curriculum Vitae (CV) are required for WTP, HSP &HSP Government

  3. Evidence of previous employment in the related field no less than 5 years in the past 10 years as of the submission date (e.g. copy of letter issued by previous company/employer) are required for WTP & HSP

  • Evidence of qualification (e.g. copy of university certificate)

OR

  • Evidence of achievement (e.g. research projects / publications / intellectual property / awards / certificate of professional qualification / certification of related area of expertise)

OR

  • Master's degree in Science and Technology (in case of experts working in a corporate with income in the range of 40,000 – 80,000 USD) are required for HSP & HSP Government

10

  • Evidence of an intellectual property ownership

OR

  • Master's degree (in case of income in the range of 40,000-80,000 USD)

OR

  • Evidence of obtaining series A funding no less than 1 million USD (in case of income in the range of 40,000-80,000 USD) are required for WTP

  1. For Work-from-Thailand Professionals

  • Copy of certificate of employment or equivalent, signed by an authorized person of a foreign company, indicating the position in the company, monthly or yearly salary, employment period

  • Copy of company registration

For Highly-skilled Professionals

  • Copy of certificate of employment or equivalent, signed by an authorized person of a company in Thailand, a private higher education institution, research institution, specialized training institution, indicating the position in the company, monthly or yearly salary, employment period

OR

  • Copy of certificate of employment or equivalent, signed by an authorized person of a government agency (government or state-owned agency, public higher education institution or research institution or specialized training institution) are required for WTP & HSP

  1. Audited corporate's annual financial statement or financial report showing the revenue in the last 3 years of no less than 150 million USD are required for WTP  

  2.                      

  1. Company profile or company annual report

  2. Brochures or catalogues are required for WTP & HSP Government if applicable

14.Evidence of income tax payment or annual personal income tax return showing income of no less than 80,000 or 40,000 USD per year in the past 2 years are required by GWC,WTP & HSP.

15.Financial evidence showing an income in current year e.g. bank statement, pension scheme e.g. pension certificate indicating monthly or yearly pension or bank statement in the last 12 months are required by WP

  1. A letter of verification issued from the country of his or her Nationality or residence in the last 10 years stating that the applicant has no criminal record may be requested on a case-by-case basis if applicable for all types of foreigners.

To download Checklist of Required Documents, click below Learn More

LTR vs Elite Visa

Having either the LTR visa or Elite visa will let you stay long-term in Thailand, but you’re probably wondering which of the two is better.

To help you decide which one to get, here’s a head-to-head comparison:

Cost: The LTR visa charges a lower application fee: 50,000 baht for 10 years. On the other hand, one tier of an Elite visa is going to cost you 1,000,000 baht for a 20-year stay (50,000 baht/year) in Thailand.

Notification of stay and work permit: With an LTR visa, you will only need to do the notification of stay (90-day reporting) once a year, and you can easily get a work permit. By contrast, getting a work permit while on an Elite visa will require you to invest $1,000,000 USD in Thailand.

Ease of application: It’s much easier to apply for the Elite Visa — you can get one as long as you can pay for it. You also don’t need to invest $500,000 USD in Thailand or show financial documents. Moreover, if you don’t work in Thailand, you won’t have to pay certain taxes. Some people will prefer this option as they can save more money with an Elite visa whereas with an LTR visa, they’ll have to pay for taxes.

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Contact us

Thailand Priviledge Card Co., Ltd.

C/O Individual Sales Agent #SR21/049

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