_{READ & LEARN} Requirements for the Long Term Resident (LTR) Visa

The Long Term Resident Visa (LTR Visa) offers a unique opportunity for individuals looking to establish a long-term presence in Thailand. Whether you're an entrepreneur, skilled professional, retiree, or wealthy global citizen, the LTR Visa offered by True Digital Park is designed for a range of needs. However, to take advantage of this opportunity, applicants must meet specific requirements based on the category they fall under.

What are the Requirements Needed for the LTR Visa?
1. Wealthy Global Citizens
For those looking to invest and settle in Thailand, the LTR Visa for Wealthy Global Citizens offers a path to long-term residency with several key benefits. To qualify, applicants must demonstrate significant financial resources. This includes:

• A minimum annual income of USD 80,000 and USD 1 million in assets.
• Proof of investments or assets in Thailand that align with the government’s goals for economic growth.
• Adequate health insurance coverage for the duration of their stay in the country.

This visa category is ideal for individuals who wish to live in Thailand while making a significant financial contribution to the country.

2. Wealthy Pensioners
Thailand’s warm climate and affordable living make it an attractive destination for retirees. The LTR Visa for Wealthy Pensioners is designed for individuals who are at least 50 years old and meet the following criteria:

• An annual unearned income of at least USD 80,000 or USD 40,000 with the evidence of investment in Thailand of at least USD 250,000.
• Comprehensive health insurance that covers a range of medical services in Thailand.
• Proof of financial stability to ensure a comfortable stay in the country for an extended period.

This visa category allows retirees to enjoy Thailand’s vibrant culture and lifestyle while maintaining financial independence.

3. Work-from-Thailand Professionals
In today’s global workforce, remote work is more common than ever. The LTR Visa for Work-from-Thailand Professionals targets remote workers and entrepreneurs who wish to base themselves in Thailand. Applicants must meet the following requirements:

• An annual income of USD 80,000 or USD 40,000 with Master’s degree or above, intellectual property (Patent), or series A funding of at least 1 million USD.
• Proof of employment that is conducted remotely or online with a public company listed on stock exchange or a private company that is operating for at least 3 years, with a minimum combined revenue of USD 150 million for the last 3 years.
• Health insurance coverage that is valid in Thailand.

This visa is perfect for digital nomads and remote workers who want to experience Thailand’s excellent infrastructure while continuing their work remotely.

4. Highly Skilled Professionals
Thailand’s ambition to become a hub for innovation and technology has led to the introduction of the LTR Visa for Highly Skilled Professionals. This visa offered by True Digital Park is designed to attract top talent, particularly in the STEM fields. To qualify, applicants must:

• Have a job offer or contract with a Thai company or business entity that is considered on the list of targeted industries of the Board Of Investment Thailand (BOI).
• Possess specialized skills that are in demand within Thailand’s industries, such as technology, engineering, or research.
• Meet income requirements, typically starting at USD 40,000 per year.
• Provide proof of health insurance during their stay in Thailand.

This category is ideal for those looking to contribute to Thailand’s growing tech and research sectors, while also enjoying the country’s unique lifestyle.

Key Benefits and Incentives
The LTR Visa provides numerous perks that make it an attractive option for international residents:

• Tax Exemptions: The LTR Visa offers tax incentives, including exemptions on foreign income for up to 10 years.
• Family Benefits: Visa holders can bring their immediate family members, including spouses and children, under the same visa arrangement.
• Long-Term Stay: The LTR Visa allows for stays of up to 10 years, with a straightforward renewal process.
• Business and Employment Opportunities: Holders are also eligible to access business, work, and investment opportunities that align with Thailand’s development goals.
• Business Benefits: The LTR Visa provides holders an exemption from 4 Thais to 1 foreigner employment requirement.
• Convenience: For LTR holders, 90-day report is extended to 1-year report and they will also get multiple re-entry permit to travel in and out of Thailand freely.

Application Process 
The LTR Visa application process is streamlined and managed by authorized agencies like True Digital Park. Applicants will need to provide the following:

• Proof of income, investments, or employment.
• Health insurance coverage details.
• Any other supporting documents based on the selected visa category. Once all documentation is submitted and verified, the process for approval is typically smooth, and applicants will be guided through every step by the service provider.

The LTR Visa is an opportunity to contribute to Thailand’s dynamic economy and experience all that the country has to offer. Whether you’re a wealthy global citizen, wealthy retiree, a remote worker, or a highly skilled professional, the LTR Visa offered by True Digital Park provides a flexible and beneficial path to calling Thailand home. Take advantage of this visa’s benefits and explore the opportunities that await in Thailand