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What are the key benefits and requirements of the Long Term Residency (LTR) permit in Thailand?

Long Term Residency LTR permit Thai immigration Visa requirements Income tax Health insurance Financial evidence Expatriate life in Thailand

Oct 29, 2024

2 months ago

Oliver **********

ORIGINAL POSTER

Well, it’s been a bit of a journey, but today I got my Long Term Residency permit from the Kingdom of Thailand. I still need to do annual reporting (unless I leave the country), and I will have to go in when my passport expires in a couple of years, but basically other than housekeeping, I have 10 years of not having to deal with the immigration department. Have to say, that makes all the paperwork and effort worth it 😎

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TLDR : Answer Summary

The user celebrates obtaining their Long Term Residency (LTR) permit in Thailand, emphasizing the ease of not needing frequent immigration visits for the next ten years, aside from annual reporting and passport renewals. The discussion in the comments reveals additional details about the cost of the LTR, requirements for financial evidence and health insurance after five years, and potential tax benefits, including the taxation status for different income categories under the LTR.

LONG TERM RESIDENT (LTR) VISA RESOURCES / SERVICES

Take the basic Long Term Resident (LTR) Qualification Test to see if you're eligible for the Long Term Resident (LTR) Visa.
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Bo ******

Your passport expires 4 OCT 2026? I see the entry and re-entry. So you will need to visit to transfer the LTR-P visa and re-entry to a new passport before 4 OCT 2026

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Oliver **********

ORIGINAL POSTER

Yes

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Oliver **********

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Michael ********

And you will probably have a benefit for taxes. Happy days.

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Alex *******

@Michael *******

Happy days indeed.

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Alex *******

@Michael *******

I thought you were being sarcastic. Haha. Just my way of thinking.

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Michael ********

LOL. They tout the visa as tax free. Have to wait until 2025, and see if people are taxed or not.

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Michael ********

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Michael ********

Yet to be seen how it all pans out, but the LTR lists income as tax free. Nice if it is a reality.

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Oliver **********

ORIGINAL POSTER

@Michael *******

It’s laid out clearly, and part of my meeting today was a clear explanation of this and other LTR benefits. Foreign income is not taxable in Thailand if you are on any category of LTR, regardless of how much you bring in to Thailand. Those in the highly skilled professionals category, who are working in Thailand pay 17% tax on the income earned in Thailand. For all the other categories of LTR, income earned inside Thailand is taxable at the regular Thai rates.

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Michael ********

@Oliver *********

Yep, that is what I read. :)

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Michael ********

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Oliver **********

You will also need to provide financial evidence of income and health insurance coverage again after five years

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Oliver **********

ORIGINAL POSTER

@Oliver *********

Your’e probably correct, although I asked that very question today at the one stop service center in BKK. They advise this visa hasn’t existed long enough for anybody to get to 5 years yet. How they will manage it remains to be seen.

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Oliver **********

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Tony **********

How much did it cost

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Oliver **********

ORIGINAL POSTER

@Tony *********

50k for 10 years

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Ellie *******

@Tony *********

, check BOI LTR site.

**********************

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Ellie *******

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Ellie *******

Well done and Congrats on getting LTR.

Glad you got it successfully.

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Oliver **********

ORIGINAL POSTER

🙏🙏🙏

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Oliver **********

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