Answered3 years ago

What are the benefits and process of obtaining the LTR-R visa in Thailand?

LTR-R Visa Thailand Visa Visa Process Expat Life Pension Income Property Investments

Giovanni ****************

asked Nov 4, 2023

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Hello everyone. 

Today I got my LTR-R visa stamped🥂🍾 🎉 

I just read the Nick M. complex experience… 

My experience:

Compared with the “regular” 1 year retirement extension, it was a rather easy process.

I initially applied with a combination of pension income + property investments in Thailand.

Using Thai property as proof of income is quite cumbersome and for several reasons my initial request was rejected.

Switched to pension + US dividend income and the process was much easier and faster and I got my visa approved in less than 3 weeks.

The BOI LTR office is truly helpful and very responsive. For every question I posed, the reply was always within the next day!

The main benefits of the LTR visa are:

- 10 years visa (5+5) rather than 1 year. 

- the 12 months police report rather than 90 days which means, practically no more  reporting. 

- no need of any bank deposit (800k)

- LTR is a multi entry visa by default 

- it costs only 5k/year thus 50k for the 10 years

- the application process is fully online (with some software hiccups though…)

- it can be definitely a do-it-by-yourself process, no need of agents at all. 

On the other hand you pay 50k upfront for a 10 year visa but it is in reality a 5+5 years. At 5 years they will check if you still meet the LTR-R requirements, so there is a little risk there.

If anyone is going through the process and have any question, please feel free to ask. 

Cheers.

Answer summary

The user shares their experience obtaining an LTR-R visa in Thailand, highlighting its advantages over traditional retirement visa options. They found the application process easier using pension combined with US dividend income, receiving approval in less than three weeks. Key benefits include a ten-year visa validity, reduced reporting requirements, absence of mandatory bank deposits, and cost-effectiveness. The user emphasizes the helpfulness of the BOI LTR office and encourages others seeking this visa to ask questions about the process.

11 repliesnewest first

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Ellie *******

Experiences are not the same Because you applied different types of LTR. Thank you for the report

3 years ago

Christopher ******

Do you have to deposit your pension income into a Thai bank? Or just show that you’re receiving it in your own country? And what’s the minimum to qualify?

3 years ago

Giovanni ****************

@Christopher *****

no. You do not have to deposit any pension in Thailand you have to prove your income is >80k USD/year. The exact terms can be found in the LTR website.

3 years ago

James ********

@Christopher *****

read the Post's links in my 2 replies..

3 years ago

Brandon ************

@Christopher *****

the requirements are on the BOI LTR website. You don't need to deposit them into a Thai bank.

3 years ago

Brandon ************

My opinion is that even if you don't qualify for the 2nd 5 years, I'm still happy with 50,000 for 5 years when you consider 1900 per year for extension, 3800 per year for multiple re-entry permit, and the added benefits of no 90 day reporting and Fast Track at the airport.

3 years ago

Bill ********

@Brandon ***********

I'm pretty sure the 90 day reporting is still a requirement with immigration as the LTR is still a Non Immigrant visa. You mightn't personally have to do it but still a requirement.

3 years ago

Giovanni ****************

@Bill *******

I confirm the 90 days report is not required. They gave me the little piece of paper with the reminder and it is dated November 2nd 2024.

3 years ago

James ********

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3 years ago

James ********