I’ve seen references to both a “long term residence” visa and a “long term retirement” visa. Are these the same thing?
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TLDR : Answer Summary
The 'long term residence' visa and the 'long term retirement' visa are related but not the same. The Long Term Resident (LTR) visa is specifically for wealthier pensioners aged 50 and older, allowing for a 10-year stay. In contrast, retirement visas like the OA and O types can be extended annually for those over 50. There's confusion in terminology within the Thai visa system, as 'long term residency' might imply a permanent residency status, which is a different category and requires different eligibility.
NON-O RETIREMENT VISA RESOURCES / SERVICES
Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
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My previous OA visa was considered to be one of the several long term retirement visas because you can extend it for a full year. Similar for the O visa. You have to be over 50 years old and you can extend the OA and O visa yearly.
I now have the 10 year (5 + 5) pensioner LTR (Long Term Residency) visa. “Long Term Residency” is just the name of the visa. I am not actually a permanent resident which is a whole different thing and for which I am not eligible for.
People think the Thai visa ecosystem is complicated. It is but more so because of the casual misuse of names and terminology.