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At the moment of the epidemic, countries are urgently recovering their economies, the US dollar has been released, and global inflation has set off a wave of "craze". Thailand has continuously put forward new proposals this year to promote economic recovery by stimulating the "horse carriage" of investment, and A lot of favorable policies are given to continuously increase the confidence of overseas investors to invest in Thailand.

On September 14, at the meeting of the Economic Status Supervision Committee of Thailand's New Crown Epidemic, it approved a package plan to attract foreign investment in Thailand.

Thailand’s long-term investment visa (LTR Visa) has finally settled for a while!

For 4 foreign target groups

Provide a "10-year long-term residence visa"

It is reported that Thailand’s new long-term residence visa (LTR Visa) aims to attract 1 million foreigners to participate, covering the following 4 categories of people:

01

Wealthy citizens of the world

Wealthy global citizen

No age limit, people with high incomes, frequent travel, commuting living in multiple countries and holding assets on a global scale.

Eligibility for visa application:

① Investment in Thai government bonds, foreign direct investment, and real estate investment should be at least $500,000

② In the past two years, the average annual income of the individual is at least US$80,000, and the asset value is not less than US$1 million

③ A medical and health insurance of more than USD 100,000 within the validity period of the visa is required (insurance company approved by the Thai government)

02

Wealthy retirees

Wealthy pensioner

50 years of age or older, people with stable pension income.

Eligibility for visa application:

① The investment in Thai government bonds, foreign direct investment, and real estate should be at least US$250,000

② The average annual income of an individual is at least US$40,000, or the average annual income of a single individual is at least US$80,000

③ Hold medical and health insurance of more than USD 100,000 within the validity period of the visa

03

People working in Thailand

Work-from-Thailand professional

People who have no age limit, are employed by foreign employers, support cross-border remote work, and have a stable foreign income.

The target group can also be subdivided into 2 categories:

① Digital nomad (Digital nomad)

② large enterprise employees or those who will retire (Corp Program)

Eligibility for visa application:

① The individual's annual income in the past 2 years is not less than 80,000 US dollars

(If you have a master's degree or higher, possess intellectual property rights, or obtain a round of financing, the average annual income standard can be reduced to 40,000 US dollars)

② not less than 5 years of work experience

③ Medical and health insurance of more than USD 100,000 within the validity period of the visa

04

High-tech professionals

High-skilled professional

No age limit, have relevant high-tech work experience, and work in a Thai target industry company specified by the Thai government, or will soon experts or scholars working in Thai national institutions, or Teacher.

Eligibility for visa application:

① The average annual personal income in the past 2 years is not less than 80,000 US dollars

(If you have a master's degree or higher and have more than 5 years of work experience in the target industry, the average annual income can be reduced to 40,000 US dollars)

② not less than 5 years of work experience

③ Medical and health insurance of more than USD 100,000 within the validity period of the visa

Under the new preferential policy

Above 4 types of target groups are available

① 10-year long-term residence visa, accompanied or spouse and children also have the opportunity to obtain a 10-year visa.

② You can work in Thailand after obtaining a long-term residence visa no need to apply for a work visa.

③ exempt foreign country’s personal income income tax (including import income in the same year); personal income tax in Thailand is based on 17% tax rate calculation.

④ The right to long-term lease or hold real estate property rights in the specified area.

In addition, the Thai government will also provide convenience in many aspects such as the law and the application process:

① The visa approval process is fast, there is no need to report to the Thai Immigration Bureau for residence for more than 90 days; can be in Thailand according to the type of visa requirements For domestic work, reduce the import tariff rate of no more than half of consumer goods, such as certain types of luxury goods.

② Heir There is no need to pay inheritance tax on inheritance outside Thailand;Those who currently live in Thailand can directly apply for a change of visa type; the applied work visa is not in employment Within the limits of the quota.

③ You can open Thai Baht and foreign exchange accounts; you can get the authority to reduce the handling fees of cross-border transaction collection and remittance; adjust customs laws and regulations, To facilitate the import and export of personal belongings and property.

④ We will also set up a special visa service unit for this long-term visa to promote efficient cooperation and support of relevant institutions Services for visa holders.

If you have more questions, you can call or send a private message to us. Xingyunhai International provides customers with "private customization, exclusive service", and develops a personalized and perfect plan for your needs. Welcome to inquire!

Source: bangkokbiznews, general news, Thai media; some pictures are from the Internet, and the copyright is owned by the original author

Editor: KIKI

Xingyunhai International

SING YUN

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