Immigration update: Thailand | Long-Term Resident (LTR) Visa program
Who will be affected?
This new program is aimed to attract high net worth individuals foreigners in 4 categories who would like to live and/ or work in Thailand.
Background
The program provides a range of tax and non-tax benefits to enhance the country’s attractiveness as a regional hub for living and doing business.
This new visa program is expected to attract new foreign residents, technologies and talents contributing to domestic spending and investment while supporting economic growth.
Impact
The Long-Term Resident Visa (LTR) program is offering approved visa holders income tax breaks, fast-track services at international airports in Thailand, 90 Day reporting extended to annual reporting, permission to work in Thailand, and an exception from the 4 Thais to 1 Foreigner employment ratio. The visa approval is up to 10 years*.
(10* years renewable visa permission will be granted to stay in Thailand. The initial visa is issued for five years which can be extended for an additional 5 years if qualifications are met.)
Implementation date
1st September 2022
Santa Fe recommendation
We are recommended to contact Santa Fe Thailand for further documents review before starting the process.
If you have any questions about LTR visa, Thailand immigration, or how to enter Thailand during COVID-19, please reach out to your local Santa Fe consultant, and we will be able to advise you further.
For more information or assistance, you can also contact:
Benjawan Kruajan
Immigration Manager – Thailand
Santa Fe Relocation
Bangkok, Thailand
D: +66 65 504 8899
M: +66 98 267 6975
E: benjawan.kruajan@staging.santaferelo.com
Robert Day
Group Head of Immigration Operations
Santa Fe Relocation
London, UK
D: +44 7990 021125
E: Robert.Day@staging.santaferelo.com
To read more immigration updates, click here
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