The pandemic and the surge of digital nomads are two of the main aspects that has made many South East Asian countries to change the policy of long-term visas for foreigners. Thailand is one of these countries that started very fast to implement a new type of visa that fits the reality with a more adequate approach.
The Long-Term Resident Visa (LTR) in Thailand is a visa designed for foreigners who wish to reside in Thailand for an extended period of time. Thailand’s LTR allows to foreigners to stay in Thailand for up to ten years with the dependents, meaning spouse or children under the age of 20 years old.
But the LTR is not for everyone, as Thailand is targeting four types of individuals:
- wealthy global citizens
- wealthy pensioners
- work-from-Thailand professionals
- and highly skilled professionals.
In other words, this long-term resident visa in Thailand is aiming to attract both: foreign high net worth individuals and high skilled professionals.
There are many advantages of LTR such as being able to legally work in Thailand, no 90 days report is required, ownership of land and finally, one of the biggest assets for the applicants is, of course, the tax optimization by becoming tax residents in Thailand under the LTR.
If you want to apply for Long Term Resident Visa in Thailand, please contact our law firm in Bangkok at [email protected]