LTR — Wealthy Global Citizen

3.1 Wealthy global citizens shall: 3.1.1 Provide evidence of investment in Thailand in the name of the applicant of at least USD 500,000. The applicant must invest or hold ownership in one or several of the following investments before the date of application: (1) Thai Government bonds issued by the Ministry of Finance with a remaining time to maturity of at least five years as of the date of application; (2) Direct investment in a private limited company or public limited company or investment in a venture capital company or a private equity trust company registered with the Securities and Exchange Commission or certified by the relevant authorities; (3) Property.

Freehold: Condominiums or buildings or houses, on top of the land, in the name of the applicant. (Evidence of Investment showing ownership of the property e.g. Or.Chor.2, Nor.Sor.4 or Certificate of substitution for a title deed and copy of the sale and purchase agreement of the property issued by Department of Land)

Leasehold: Condominiums, buildings, or houses on top of the land or land being leased in the name of the applicant with a remaining time of lease agreement of no less than 10 years as of the date of application.

3.1 Wealthy global citizens shall: 3.1.1 Provide evidence of investment in Thailand in the name of the applicant of at least USD 500,000. The applicant must invest or hold ownership in one or several of the following investments before the date of application:

3.1.2 Provide evidence of financial status including domestic and foreign assets, with total value appraised for at least USD 1 million as of the date of application.

Yes, you can combine your Thailand investment with assets in Thailand or abroad according to the criteria.

The application and processing for the LTR visa are free of charge. However, once your application is approved, you will need to make a full payment of 50,000 baht for the issuance of the LTR visa. This payment is due on the appointment date at the Immigration Bureau office located at TIESC in Bangkok.

You must have made investments in Thailand that meet the criteria before applying for the LTR Visa, as this is one of the requirements for the application.

(1) Thai Government bonds issued by the Ministry of Finance with a remaining time to maturity of at least five years as of the date of application; (2) Direct investment in a private limited company or public limited company or investment in a venture capital company or a private equity trust company registered with the Securities and Exchange Commission or certified by the relevant authorities; (3) Property.

Leasehold: Condominiums, buildings, or houses on top of the land or land being leased in the name of the applicant with a remaining time of lease agreement of no less than 10 years as of the date of application.

If you provide proof of condominium co-ownership with a spouse, the officer will consider dividing the value equally or according to the number of names listed on the ownership documentation.

Even though the LTR Visa is valid for 10 years, the Immigration Bureau initially grants a stay permit for the first 5 years in accordance with the announcement. You must reconfirm your eligibility to extend the LTR Visa for the remaining 5 years (the second validation does not require a visa fee).

2.2 Dependents of the alien persons according to Item 2.1 who are the legitimate spouse, parents, and children under 20 years old or legal dependents of the primary LTR Visa holder.

3.5 The dependents shall: 3.5.1 Provide evidence of being the legitimate spouse, parents, or children aged under 20 years old or legal dependents of the primary LTR Visa holder according to Item 2.1. 3.5.2 Provide a health insurance policy covering medical expenses in Thailand of at least USD 50,000 with a remaining coverage period of at least 10 months as of the date of the letter of qualification endorsement issuance; or evidence of social security benefits insuring medical expenses in Thailand, or additional deposits of at least USD 25,000 per person in the bank accounts, in Thailand or abroad in the name of the alien person according to Item 2.1 or in the own accounts of the dependents, retained for at least 12 months as of the date of application.

Wealthy Global Citizens, Wealthy Pensioners, Highly Skilled Professionals and Dependents types are included, except for those in the Work-from-Thailand Professionals category, as they are required to be remote workers according to our criteria.

Unfortunately, the spouse of an LTR Visa applicant must be legally married and is required to provide a marriage certificate.

Even though the LTR Visa is valid for 10 years, the Immigration Bureau initially grants a stay permit for the first 5 years in accordance with the announcement. You must reconfirm your eligibility to extend the LTR Visa for the remaining 5 years (the second validation does not require a visa fee).

You should submit your application within 120 to 60 days prior to the expiration of your current permission to stay in order to obtain a qualification endorsement letter from the BOI.

In case LTR visa holders stay in Thailand for 1 year without leaving the country, they need to file TM.95 (1-year report) at the Immigration Office instead of TM.47 (90-day report). This is one of the benefits of the LTR visa. However, TM.30 (Notification of residence for housemaster, owner, possessor or hotel manager where the foreigner has stayed) is still required.

Yes, maintaining a TM30 is required. The house owner, householder, or hotel manager who receives a foreigner permitted to stay temporarily in Thailand must report to the immigration office or through the website www.immigration.go.th within 24 hours of the foreigner's arrival.

To change the category of an LTR visa, the applicant must reapply for the qualification endorsement process according to the criteria for each type of LTR visa. Therefore, the applicant will be required to pay the visa fee upon receiving a new stamp for the new category.