Unlocking the 10-Year Long-Term Resident Visa (LTR) in Thailand
Since Thailand launched its innovative 10-year Long-Term Resident (LTR) visa program in September 2022, we've been inundated with inquiries about the eligibility criteria for obtaining an LTR visa. The LTR visa program has captivated the attention of foreigners desiring to call the kingdom home, thanks to its enticing benefits that streamline long-term residency processes. 💎Here's a glimpse of the exclusive privileges LTR visa holders can expect:💎 🌟 A 10-year visa with unlimited entries into Thailand. Initially, permission is granted for a five-year stay, extendable for another five years if requirements are met. 🌟 Authorization to work in Thailand and acquire a work permit for the visa holder and their spouse. 🌟 For LTR visa recipients in the Highly-Skilled Professional category, a discounted personal income tax rate of 17% on employment income earned in targeted industries. 🌟 Access to Fast Track services at international airports and simplified immigration reporting, reduced to once a year instead of the typical 90-day requirement. To learn more about the four types of LTR visas offered and assess your eligibility for Thailand's new long-term resident visa program, click here. And if you're curious about your qualification for an LTR visa, don't hesitate to reach out for a complimentary initial consultation. 💎Application Procedures for LTR Visas💎 If you believe you qualify for an LTR visa and can provide the necessary supporting documents, here's how to kickstart the application process: 1. Register and apply online via the LTR visa website. 2. Within 20 working days of receiving complete documents, applicants will be notified of the result. 3. Essential documents include the LTR visa application form (TM.94), passport (or equivalent), and an endorsement letter from the Board of Investment (BOI). 💎For accompanying family members (spouse/children), similar documentation is required.💎 Upon approval, successful applicants will receive an endorsement letter from Thailand's Board of Investment, paving the way for their LTR visa.