LTR Visa Thailand (10-Year)
LTR Visa Thailand (10-Year) is the structural Thai Long-Term Resident (LTR) Visa programme launched September 2022 by Board of Investment of Thailand. Offers 10-year multi-entry residence across four categories: wealthy global citizens (USD 1M+ assets), wealthy pensioners (USD 80k+ pension income), work-from-Thailand professionals, and high-skill professionals in target industries. Provides foreign-income tax exemption and digital work-permit privileges. Co-exists with Thailand Privilege Card (Elite Visa rebrand).
Profile overview
LTR Visa Thailand (10-Year) is the structural Thai Long-Term Resident (LTR) Visa programme launched September 2022 by Board of Investment of Thailand. Offers 10-year multi-entry residence across four categories: wealthy global citizens (USD 1M+ assets), wealthy pensioners (USD 80k+ pension income), work-from-Thailand professionals, and high-skill professionals in target industries. Provides foreign-income tax exemption and digital work-permit privileges. Co-exists with Thailand Privilege Card (Elite Visa rebrand).
Business segments / Programs
Wealthy Global Citizens
HNW asset-holders, USD 1M minimum
Category requires USD 500K investment in Thai property, government bonds, or funds, plus USD 1M total global assets. Approved holders receive 10-year multi-entry visa with 17% personal income tax on Thai-source income. Over 1,800 approved as of end-2023.
Work-from-Thailand Professionals
Remote workers and digital nomads
For foreign employees of overseas companies earning USD 80K annually in the past 2 years. Allows working remotely from Thailand without a work permit. Fees: $1,449application. Over 3,500 approved by end-2023.
High-Skill Professionals
Target-industry specialists with CIT benefits
Targets STEM professionals in BoI S-curve industries: automotive, electronics, biomedical, digital, food processing. Applicants need USD 80K income and 5 years experience. Includes digital work permit and 17% flat personal income tax rate.
Peer comparison — Thai long-stay visa programmes
LTR Visa (BoI)
Duration
10 years, multi-entry
Programme fee
$1,449
Approvals by end-2023
~8,000 total
Thailand Privilege Card (Elite)
Smart Visa (BoI)
Duration
4 years, multi-entry
Programme fee
No fee
Approvals by end-2023
~3,000 total
Retirement Visa (OA)
Duration
1 year, renewable
Programme fee
$14.5 (consulate)
Approvals by end-2023
~80,000 issued annually
| Programme | Duration | Programme fee | Approvals by end-2023 |
|---|---|---|---|
| LTR Visa (BoI) | 10 years, multi-entry | $1,449 | ~8,000 total |
| Thailand Privilege Card (Elite) | 5-20 years | $17,391-2.1M | ~14,000 members |
| Smart Visa (BoI) | 4 years, multi-entry | No fee | ~3,000 total |
| Retirement Visa (OA) | 1 year, renewable | $14.5 (consulate) | ~80,000 issued annually |
Watchpoints 2025-2026
Volume
LTR approval rate acceleration
BoI targets 100,000 cumulative LTR holders by 2026 against ~8,000 by end-2023. Processing times are being streamlined from 60 days to 20 days to accelerate uptake.
Tax
Foreign-income tax rule clarification
Thailand's Revenue Department issued guidance in 2024 on the tax treatment of foreign-source income for Thai tax residents. LTR holders benefit from explicit exemption on pre-2024 remittances.
Competition
Malaysia MM2H and UAE Golden Visa competition
Malaysia's My Malaysia My Home (MM2H) and UAE's 10-year Golden Visa compete directly for HNW long-stay applicants. Thailand's LTR programme fees are competitive but property-investment thresholds remain a friction point.
Related Market profiles
Peers, parents, partners, agencies, and other Long-Term Visa actors.
Competitor
BoI LTR, Smart Visa Programme
BoI-administered Long-Term Resident (LTR), Smart Visa programmes; targets HNW, professionals, retirees, digital workers.
Open Market profile →
Competitor
Thailand Elite Visa program
Thailand Elite Visa programme rebranded 2023; 5-20 year visa tiers; ~30,000 cardholders; $17,391-2.5M tier pricing.
Open Market profile →
Reports featuring this profile
Related Market profiles
competitor
BoI LTR, Smart Visa Programme
BoI-administered Long-Term Resident (LTR), Smart Visa programmes; targets HNW, professionals, retirees, digital workers.
competitor
Thailand Elite Visa program
Thailand Elite Visa programme rebranded 2023; 5-20 year visa tiers; ~30,000 cardholders; THB 600k-2.5M tier pricing.