Answered3 years ago
Do LTR visas in Thailand consider net worth versus income from tax returns?
Looking at LTR visas today. Do they take into consideration your net worth verses your last couple years income?
My income on tax returns is in the low $20'000 thousands but I supplement my pension from my own investment accounts to live on around $50,000 USD a year.
Thanks
My income on tax returns is in the low $20'000 thousands but I supplement my pension from my own investment accounts to live on around $50,000 USD a year.
Thanks
Answer summary
The discussion revolves around the requirements for obtaining an LTR visa in Thailand, particularly whether net worth is considered alongside income from tax returns. One commenter noted that the minimum income requirement for an LTR visa is $80,000 annually, which is confirmed by another comment emphasizing that tax returns will be needed to verify this income.
7 repliesnewest first
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Marty *********
They will ask for your tax returns to verify your $80,000/yr income.
Don *******
OP@Marty ********
I built my own pension and just draw from it. So done correctly most of it's not shown as taxable income. I haven't paid tax in over ten years this way. They got enough from me years ago.Mike ******
80,000 the minimum annual income for the LTR.
Lloyd ********
On what basis would you be applying?
Lloyd ********
Personal income of at least USD 80,000/year at the time of application
In case of personal income below USD 80,000/year but no less than USD 40,000/year, applicants must invest at least USD 250,000 in Thai government bonds, foreign direct investment, or Thai property
Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit
Personal income under LTR : Wealthy Pensioners’ definition is “unearned income such as a pension, rental, capital gain, dividend, etc”. Earned income (salary) will not be considered eligible income for LTR: Wealthy Pensioners application.
In case of personal income below USD 80,000/year but no less than USD 40,000/year, applicants must invest at least USD 250,000 in Thai government bonds, foreign direct investment, or Thai property
Health insurance with at least USD 50,000 coverage or social security benefits insuring treatment in Thailand or at least USD 100,000 deposit
Personal income under LTR : Wealthy Pensioners’ definition is “unearned income such as a pension, rental, capital gain, dividend, etc”. Earned income (salary) will not be considered eligible income for LTR: Wealthy Pensioners application.
Don *******
OP@Lloyd *******
ok thanks. I don't care to invest a quarter million outside my own country so that seals that closed. Thanks for clearing that up.Easier to stick to the other Non O visa it looks like.
Don *******
OP@Lloyd *******
I'm retired and keep reading comments to go for the LTR verses the the Non O I believe it is called while in Thailand?Activity
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