Thailand's Long-Term Resident (LTR) Visa for Wealthy Global Citizens is an investor-class residence visa enabling high-net-worth foreign nationals to live in Thailand for up to 10 years. It requires ownership of at least USD 1,000,000 in global assets plus a minimum USD 500,000 investment in qualifying Thai assets. As of February 2025, the previous USD 80,000 annual income requirement has been removed, refocusing the category purely on cumulative wealth and investment in Thailand. The visa offers exemption from Thai tax on overseas income, annual reporting instead of the standard 90-day cycle, re-entry permit exemption, fast-track airport immigration, and access to an optional digital work permit.
The initial visa grants 5 years of stay, extendable for an additional 5 years if qualifications continue to be met, for a total maximum of 10 years. Assets and investments must be maintained throughout the visa period and at renewal. Apply before the initial 5-year period expires.
Legal spouses (including same-sex spouses recognized under Thailand's Marriage Equality Act), unmarried children under 20, and parents are all eligible as dependants. Since the 2025 reform there is no numerical cap on dependants (the previous limit of four was removed). Each dependant must independently satisfy the health insurance requirement (USD 50,000 coverage, Thai social security, or a USD 25,000 bank deposit maintained 12+ months). Dependants receive the same LTR benefits, including annual reporting, re-entry permit exemption, and fast-track airport services. The visa fee applies per person.
Wealthy Global Citizens are exempt from Thai income tax on overseas income brought into Thailand under Royal Decree No. 743. Thai-sourced income remains subject to standard personal income tax rates. Holders residing 180+ days in a calendar year become Thai tax residents for domestic income purposes.
The LTR visa provides long-term residence (up to 10 years) but does not itself lead to Thai permanent residence. Permanent residence requires a separate application involving several years of continuous Non-Immigrant visa extensions, Thai language proficiency, and a nationality-based annual quota.
The application is a two-stage process. First, register at the BOI's LTR visa portal (ltr.boi.go.th) and submit all documents for qualification endorsement; the BOI reviews applications within 20 working days and, if approved, issues an endorsement letter valid for 60 days. Second, collect the LTR visa either at the Thailand Investment and Expat Services Center (TIESC) in Bangkok or at a Royal Thai Embassy/Consulate abroad via the e-Visa system. The visa fee is THB 50,000 per person, payable at collection. If the endorsement letter expires before the visa is collected, the entire process must be repeated.
Holders may work in Thailand with a digital work permit available through the LTR program at THB 3,000 per year, and are exempt from the standard requirement of four Thai employees per foreign worker.
LTR holders report their residence annually instead of every 90 days and are exempt from re-entry permit requirements, allowing unlimited exits and re-entries. Fast-track airport immigration services are available at designated airports.