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Want to Move to Thailand? You Can Apply for the Country's New 10-Year Long-Term Resident Visa

There are specific eligibility requirements.
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If you’ve ever thought about moving to live and work in Thailand, here’s your chance. Our Southeast Asian neighbor has introduced a new long-term resident (LTR) visa good for 10 years to attract “high-potential foreigners.” 

Initially launched in 2021, the LTR visa underwent some modifications, which Thailand’s Cabinet approved in May 2022. 

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One of the more significant adjustments to the LTR is the application fee, which is now only at THB50,000 (about P77,000), from the previous THB100,000 (P154,000).

The Thai government is targeting four specific groups of individuals for the Thai LTR: high-income foreign individuals, foreign retirees, foreigners intending to work remotely from Thailand, and foreign professionals with “special” skills.

According to the LTR rules, An LTR visa holder is permitted to bring along up to four family members, including their legal spouse and children under the age of 20.

“This means those who seek a ‘digital nomad’ lifestyle can apply for the LTR visa and work legally in Thailand for as long as 10 years if they meet the eligibility criteria,” the Thai Embassy website says. “Additionally, the LTR visa holders will be able to apply for work permits to conduct work in the Kingdom.”

There are different requirements for each group for the LTR visa application. For example, high-income foreign individuals and foreign retirees must show proof of personal income of at least $80,000 annually (about P4.45 million) for a period of two years prior to the application date, must have at least $1 million in assets, and must have an investment of at least $50,000 in Thai government bonds foreign direct investment or Thai property.

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For foreign working professionals, these are the requirements: 

    • Must produce an employment contract or service agreement entered with business in Thailand or abroad
    • Foreign specialists must show proof of work experience in one of the targeted industries for a minimum of 5 years performed within 10 years of the application date.
    • The current employer must be a public company on stock exchange or private company in operation for at least 3 years with combined revenue of at least USD 150 million in the last 3 years
    • Personal income of a minimum of 80,000 USD/year in the past 2 years
    • In case of having personal income only between USD 40,000 to USD 80,000/ year in the part 2 years, the applicant must have a Master’s degree or above or own intellectual property or receive Series A funding of no less than USD 1 million.
    • Must present a health insurance policy covering medical expenses in Thailand no less than USD 50,000. The remaining coverage period shall not be less than 10 months on the date of the application, OR provide evidence of savings of at least USD 100,000 held in a Thai or overseas bank account for no less than 12 months before the date of application.

    Meanwhile, these are the requirements for foreign experts:

      • Must produce an employment contract or service agreement entered with business in Thailand or abroad
      • Foreign specialists must show proof of work experience in one of the targeted industries for a minimum of 5 years except for applicants with a PhD or above in relevant fields
      • Personal income of a minimum of 80,000 USD/year in the past 2 years
      • In case of having personal income only between USD 40,000 to USD 80,000/ year in the past 2 years or before retirement, the applicant must have a Master’s degree or above in science and technology or special expertise relevant to the job assignment in Thailand
      • No minimum income requirement for foreign workers who intend to conduct work in government higher educational institutions, research centers, specialized training centers, or government agencies.
      • Must present a health insurance policy covering medical expenses in Thailand no less than USD 50,000. The remaining coverage period shall not be less than 10 months on the date of the application, OR provide evidence of savings of at least USD 100,000 held in a Thai or overseas bank account for no less than 12 months before the date of application.

      Applications for this new LTR visa will start on September 1, 2022.

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      The Thai government has stipulated other conditions in relation to the new LTR visas, which you can read about in full here. For all other inquiries, you can drop the Thai Embassy a line in the same link.

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