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Thailand Plans to Introduce a 10-Year Long-Term Visa

08/06/2025 03:11
Thailand Plans to Introduce a 10-Year Long-Term Visa

Thailand is taking major steps to attract high-potential foreigners by introducing a 10-year Long-Term Resident (LTR) visa. This visa is designed for investors, retirees, highly-skilled professionals, and digital nomads who can contribute to the country’s economic development and innovation landscape.

The LTR visa is initially granted for 5 years, with the option to renew for another 5 years. It offers multiple entries and long-term stay rights, making it a compelling option for those who wish to live and work in Thailand without constant visa renewals.

Who is eligible?
There are four main categories of applicants:

  • Wealthy Global Citizens

  • Wealthy Pensioners

  • Work-from-Thailand Professionals

  • Highly-Skilled Professionals

Immediate family members, including spouses, children, and even parents, can be included in the application without limitation on the number of dependents.

Key requirements include:

  • Valid health insurance of at least $50,000, or a $100,000 deposit

  • For investors: at least $1 million in global assets and $500,000 invested in Thailand

  • For retirees: age 50 or older, with a passive income of at least $80,000/year, or $40,000/year plus a $250,000 Thai investment

  • For remote professionals: $80,000/year income (or $40,000/year with a master's degree or Series A investment), employed by a reputable overseas company

  • For highly-skilled professionals: similar requirements, with academic or technical expertise considered

Main benefits of the LTR visa:

  • 10 years of residency with simplified renewal

  • Access to fast-track immigration lanes at international airports

  • Reporting to immigration once per year instead of every 90 days

  • Multiple re-entry allowed without additional permits

  • Digital work permitted and work permit issued within 3–5 business days

  • Exemption from the traditional foreign-to-local employee ratio requirement

  • Tax incentives: tax exemption on foreign income, and a flat 17% personal income tax on local income for qualified professionals

Application process:
Applicants must submit documents through the Thailand Board of Investment’s online system. Approval typically takes 4 to 8 weeks. Once approved, the applicant receives an endorsement letter which can be used to obtain the visa at a Thai embassy or consulate abroad. Upon entry to Thailand, the visa is activated and a digital work permit can be issued.

After receiving the visa:
Visa holders are required to report their stay annually (instead of every 90 days), maintain a valid work permit if employed, and reapply before the visa expires to extend for another 5 years if eligibility is maintained.

Thailand’s long-term strategy aims to position the country as a premier destination for global talent, investment, and remote work. The LTR visa is a forward-thinking policy move that could redefine how foreign professionals and retirees experience life in Thailand.