By the order of the Ministry of Interior of the Kingdom of Thailand dated 2 June B.E. 2565 (2022), Thailand has launched a new Long-Term Resident Visa (LTR), which has become into effect on 1 September 2022 onwards. 

Details and requirements of the LTR visa are as follows:

1) Wealthy Global Citizen (Wealthy individuals holding at least USD 1 million in assets)

Qualifications and criteria: 

• At least USD 1 million in assets
• Personal income of a minimum of USD 80,000 / year in the past two years
• Investment of at least USD 500,000 in Thai government bonds, foreign direct investment or Thai property 

2) Wealthy Pensioner (Retirees aged 50 years and older who have an annual pension or stable income)

Qualifications and criteria: 

• Personal income of at least USD 80,000 / year at the time of application
• In case of personal income below USD 80,000 / year but no less than USD 40,000 / year, applicants must invest at least USD 250,000 in Thai government bonds, foreign direct investment, or Thai property

3) Work - From Thailand Professional (Remote workers working for well-established overseas companies)

Qualifications and criteria: 

• Personal income of a minimum of USD 80,000 / year in the past two years
• In case of personal income below UDS 80,000 / year but no less than USD 40,000 / year in the past two years, applicants must have a Master’s degree or above or own intellectual property or receive Series A funding
• Current employer must be public company on a stock exchange, or private company in operation for at least three years with combined revenue at least USD 150 million in the last three years
• At least five years of work experience in the relevant fields of the current employment over the past 10 years

4) Highly - Skilled Professionals (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)

Qualifications and criteria: 

• Personal income of a minimum of USD 80,000 / year in the past two years
• In case of personal income below UDS 80,000 / year but no less than USD 40,000 / year in the past two years or before retirement, applicants must have a Master’s degree or above in science and technology or special expertise relevant to the job assignment in Thailand
• No minimum personal income for professionals working for Thai government agencies
• Current employer must be a business in any targeted industry such as Higher education institution, Research institution, Specialized training institution, or Thai government agency
• At least five years of work experience in the targeted industries except for applicants with a Ph.D. or above in the relevant fields of the targeted industries or applicants working for Thai government agencies

5) Dependents 

Spouse and children under 20 years old of LTR visa holders or LTR visa applicants with a maximum of 4 dependents in total per one LTR visa holder/applicant

** All LTR applicants in any of the above-mentioned categories must have Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit.

For more information regarding the LTR visa, please click here