According to Thai media, the Thai government will officially open the application for a 10-year long-term residence visa "LTR Visa" (ten-year visa) starting from September 1, 2022, aiming to attract more potential investors and professionals to Thailand, in order to enhance Thailand's economic development potential and achieve long-term economic growth. It is expected that after the visa is launched, 1 million foreign wealthy people will apply for visas within five years, which will generate at least 1.7 trillion baht for Thailand.
On October 22, according to the latest news from the Thailand Investment Promotion Committee (BOI), as of October 20, a total of 1,158 foreigners have applied for LTR long-term residence visas. Among them, Americans applied for a long-term residence visa the most were 232; followed by Chinese, with a total of 140; ranked third was British, with a total of 109; ranked fourth was German, with a total of 68; ranked fifth was Australian, with a total of 51.
It is also understood that currently applies for LTR long-term residence visa: The remaining groups of people applying for LTR long-term residence visas are mainly the spouses and families of those who have the needs to work in Thailand for a long time, with a total of 144 people, accounting for 14%.
1. A total of 88 wealthy people, accounting for 8%
(the application requirements for this group include holding assets not less than US$1,000,000; personal income not less than US$80,000/year; investment in Thailand not less than US$500,000);
2. There are 430 retired people applying for this visa, accounting for 37%
(the application requirements for this group include personal income not less than US$80,000 per year, income lower than this standard, and the amount of investment in government bonds or real estate in Thailand shall not be less than US$250,000);
3. There are a total of 366 professional and skilled people who are interested in working in Thailand who are applying for this visa, accounting for 32%
(the application requirements for this group include personal income not less than US$80,000 per year, income lower than this standard, education required at least a master's degree or above or have obtained relevant intellectual property rights, etc.; more than 5 years of relevant work experience; in three years, he worked in a legal company with an income not less than US$150 million);
4. There are a total of 160 high-skilled people applying for this visa, accounting for 14% of
(the application requirements for this group include one For those who have an income of no less than US$80,000 per year and whose income is lower than this standard, their academic qualifications are required to be at least at the level of master's degree in science/science major or above, or have professional skills in employment in Thailand; have the required industry professional skills; have more than 5 years of relevant work experience);
