What are the advantages and differences of the Long-term Resident Visa (LTR) compared to other types of Thai visas?

Question

**Long-term Resident Visa (LTR)**

Hey folks,

Is there anybody thinking about to stay in Thailand with the new LTR Visa?

In my eyes, the current requirements, makes the LTR Visa not more interesting than the previous Visa.

What are the big differences?

- For retirees there was the „Non Immigrant O Visa“.

- For wealthy people there was the „Elite Visa“.

- For investors and people who wanted to work in Thai industry, there was the “Smart Visa”.

- For the “Work From Thailand Professionals” who are really interested on a better and easier Visa there are still too much requirements.

So what's the big deal?

The only benefit I see is the extension interval from 90 days to 1 year.

But what are the other big benefits?!

I don't get it.

Maybe someone can explain it to me.

Ask Thailand · Answer

The discussion revolves around the new Long-term Resident Visa (LTR) in Thailand and how it compares to existing visa options like the Non Immigrant O Visa, Elite Visa, and Smart Visa. While the LTR allows for a 10-year stay at a lower cost than the Elite Visa and reduces the frequency of 90-day reporting, some users express skepticism about its overall benefits, particularly concerning the annual reporting and verification process. Others see it as a viable option for remote workers who don't need to maintain funds in Thai bank accounts.

Kevin ******** · Answer

The only good point for me is I don't have to be in Thailand on a certain date to renew my retirement visa.

Jo ********** · Answer

For “work from home” it’s a great and valuable option”. I work for a company in Singapore and paid there. But want to stay in Thailand and work from house there. I don’t need to pay taxes in Thailand just in Singapore. Now i don’t need to have any money sitting in Thai bank account. Lot easier than a marriage visa. The other visa are not so attractive

Don ********* · Answer

I have applied for the Work From Thailand Professional category and have been advised that at the 12 month reporting I will be asked to provide all my paperwork again (i.e. prove that I am still working for the foreign company). I am planning to retire in around 4 years so THB50k / 4 = THB12.5k per year, compared to my current marriage visa which is THB4.9k per year including re-entry permits, so for me the only benefit would be skipping maybe 2 x 90 reports each year

Nigel ******** · Answer

My concern is the annual reporting. Will it be a visa extension or visa renewal with full verification process, supply evidence of assets, work, etc.

Kuan ****** · Answer

I don’t know how the tax rate will work but on the surface the flat 17% tax looks interesting.

Stuart ********* · Answer

It’s a 10 year visa for 50,000 baht. 550,000 baht cheaper than an elite 5 year one. No need for interaction with immigration other than a yearly notification. No need for yearly funds in Thailand, Perhaps it will suit your circumstances. Certainly of interest to many.

What are the advantages and differences of the Long-term Resident Visa (LTR) compared to other types of Thai visas?

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