Thailand's new long-term resident (LTR) visa

On Sept 1 this year Thailand introduced a new visa called “Long-Term Resident (LTR Visa)” that makes it considerably easy to get resident status there. Has anyone applied for it yet and what is your experience?

Benefits include:

  • 10 years renewable visa
  • Exemption from 4 Thais to 1 foreigner employment requirement ratio
  • 90-day report extended to 1-year report and exemption of re-entry permit
  • Permission to work in Thailand (Digital Work permit)
  • 17% Personal income tax for high-skilled professionals
  • Tax exemption for overseas income

Eligibility categories include:

  • Wealthy Global Citizen: Wealthy individuals holding at least USD 1 million in assets
  • Wealthy Pensioner: Retirees aged 50 years and older who have an annual pension or stable income
  • Work From Thailand Professional / Nomad: Remote workers working for well-established overseas companies
  • Highly Skilled Professional: Professionals or experts in targeted industries working for business entities or higher education institutes or research centers or specialized training institutions in Thailand or Thai government agencies
  • Dependents: Spouse and children under 20 years old of LTR visa holders (Maximum 4 dependents in total per one LTR visa holder)