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 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
Managing $20 million to $3 billion. Investing $3 million to $300 million.
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