- The government of Thailand will launch a long-term resident visa on September 1, 2022
- The long-term resident visa will be available to highly skilled foreign nationals, remote workers, and wealthy foreign nationals
The government of Thailand will launch a ten-year long-term resident (LTR) visa on September 1, 2022. The visa will be available to high-potential foreign nationals and will be offered in four categories:
- Wealthy global citizens: foreign nationals holding at least one million Baht in assets
- Wealthy pensioners: retirees aged 50 years and older who have an annual pension or stable income
- Work-from-Thailand professionals: remote workers working for well-established overseas companies, OR
- Highly skilled professionals: professionals or experts who have been hired to work in target industries in Thailand. These industries include higher education institutions, research centers, specialized training institutions in Thailand, or a Thai government agency
Spouses and children under 20 years of age will be permitted to travel and remain with the primary LTR visa holder throughout the validity period of the LTR visa. The LTR visa will be granted for a maximum period of 10 years and can be renewed.
In addition, the government will introduce reduced requirements for the LTR visa application process, including removing employment ratios. Companies hiring a foreign national under an LTR visa will not be required to employ four Thai citizens per foreign national employee. Holders of the LTR visa will also be exempt from having to obtain a re-entry permit when exiting and returning to Thailand.
Check here for additional qualification requirements for each category under the LTR visa.
What are the Changes?
The government of Thailand will launch a new long-term resident visa on September 1, 2022. According to the government announcement, this visa will help boost Thailand’s economy and expand the government’s ability to attract more foreign nationals. The government stated that it aims to attract over one million high-potential foreign nationals over the next five years.
Continue to check the government of Thailand’s website for the latest updates and information.
Written by: Jessie Butchley, Global Immigration Writer, Envoy Global
Source: Ministry of Foreign Affairs of the Kingdom of Thailand