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Thailand Opens Application for 10 Year Long-Term Visas: Target 1 Million Applicants Including Top Professionals, HNWs with $1 Million & Retirees in 5 Years
1st September 2022 | Hong Kong
Thailand has opened application for 10-year long term visas, targeting at 1 million applicants including top professionals, HNWs (High net worth) with $1 million or USD 80,000 annual income & retirees in 5 years. Benefits of the new Thai visa program includes 10 years & renewability, visa to work in Thailand, 17% personal tax rate, tax exemption for overseas income, spouse & children (4 dependants) visa, exemption of Thai-to-foreigner employment ratio, and fast track access at Thailand international airport. Chayotid Kridakon, Adviser to Thailand Prime Minister: “The visa initiative can generate $28 billion in investment & purchase of properties, and attract top professionals to industries including electric cars, smart electronics & digital technology.” Thailand has a GDP of $505 billion, is the 2nd largest economy in Southeast Asia (Indonesia $1.1 trillion) and has a population of 69.8 million. Visit: Thailand Long-Term Visa | View Details
“ Thailand Opens Applications for 10 Year Long-Term Visas: Target 1 Million Applicants Including Top Professionals, HNWs with $1 Million & Retirees in 5 Years “
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Thailand LTR visas
LTR visas will be offered to four categories of foreigners: Wealthy Global Citizens, Wealthy Pensioners, Work-from-Thailand Professionals, and Highly-Skilled Professionals. Spouses and dependents of LTR visa holders will also qualify for the same visas.
For Wealthy Individuals:
- 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
- Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit
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