Starting September 1, 2022, Tourism Authority of Thailand is accepting applications for 10-year long-term resident (LTR) visa.
In addition to other advantages, the 10-year LTR visa holders will receive fast-track service at international airports in Thailand, are exempt from needing a re-entry permit when travelling to and from Thailand, and can secure digital work permits, according to TAT News.
Also read: Malaysia offering premium visa to draw wealthy investors
Who are eligible for the 10-year Long-Term Thai visa?
· Wealthy international residents with US$1 million or more in total assets, US$80,000 or more in personal income over the previous two years, and US$500,000 or more invested in Thailand.
· Foreign retirees who earn at least US$80,000 per year personally.
· Professionals who work from Thailand must have a personal income of at least US$80,000 per year over the previous two years, at least five years of work experience, and be employed by a legally registered firm with at least US$150 million in revenue over the previous three years.
· Professionals with a high level of skill who make at least US$80,000 per year personally, are knowledgeable in the target industry, and have at least five years of work experience.
Spouse and offspring (under 20 years) of an LTR visa holder are also eligible (up to four dependants per visa holder).
Also read: US embassy holds “Super Friday” to help meet huge demand for student visa interviews
The Thai LTR visa has several advantages
· 10-year visa with the option of an extension.
· Reporting to immigration once a year rather than every 90 days.
· Fast track service at Thailand’s international airports.
· Permit for multiple re-entries.
· Thailand work authorization (digital work permit).
· Decrease of the personal income tax rate to 17% for highly qualified individuals.
· Exemption from the ratio of four Thais to one international employee.
For more information on the Thai LTR visa: https://ltr.boi.go.th/index.