30/09/2021
Long-Term Resident Visa (LTR Visa)
Thailand Government Cabinet has resolved on 14 September 2021 to approve the Economic and Investment Stimulus Measures to:
1. BOI sets up the LTR Service Center to grant the LTR Visa to 4 target investors as follow:
- Wealthy Global Citizen: minimum investment at 500K USD in Government Bond, FDI, or real estate. The investor must have the minimum revenue or pension at least 80K USD per year in the last 2 years and have the personal asset at least 1M USD
-Wealthy Pensioner: minimum investment at 2.5K USD in Thailand, have pension at least 80K USD per year if they do not invest in Thailand.
- Work-from-Thailand Professional: have a minimum personal income at least 80K USD per year in the last 2 years or at least 40K USD per year if they have the Master Degree or have possessed the intellectual right
- High-skilled professional: same as work professional but in the target industry eg. vehicle, aviation, digital, medical, circular economy, etc.
The relevant Ministries must prepare the Draft Bills and propose to the Government Cabinet for consultation within 90 days. The new rules must relax the present regulations eg. acquisition of real estate, work permit requirement, income tax rate, etc and give an incentive for target investors to relocate to Thailand.
Source:https://www.dep.go.th/images/uploads/files/thaigov_14_Sep_2021.pdf