I’ll do my first 1 year O A extension in the next couple weeks.

As soon as that is done I will start on the LTR.

To be safe I will wait until my home country 2024 tax return is done since that combined with other documents should clearly demonstrate the annual income. I also need to get my name on the house, which should take a couple months.

I’d rather avoid an agent and going thru the requirements on the BOI site everything seems fairly straightforward.

Anything I’m missing?

I need some advise. I have purchased a one bedroom apartment in Bangkok for Thai bhats 1,500,000/- (aprox US$ 50,000/-)

If I want a permenant visa what do I have to do. ? Everytime I visit Bangkok on my US passport they give me 30 days only.

Please advise how to apply for a permanent visa where I can stay as long as I like and not worry about restrictions of days of stay in Thailand. Thanks in advance for all your help.

Does anyone know when applying for the LTR visa, does anyone actually contact your employer?

I meet the criteria with my company for the LTR visa, but I don’t know my company to know I am applying for it.

Hello everyone! I had a follow up question for those of you who obtained the LTR visa. If any of you opted for getting the e-visa from your home country after you obtained your approval letter, have you had any issues with that choice going forward? I know it’s better to have the actual stamp, but since I cannot plan to be there within exactly 60 days from the point of approval, I was wondering what the e-visa experience was for you, both in terms of what it cost through the site, and in terms of going in and out of Thailand moving forward? Many thanks

Was recently approved for the LTR visa( Pensioner). Took approximately 2.5 months from application to approval. I elected to process the application myself , as fairly easy to do , albeit a lot of paper. I provided two years of bank statements to support passive income, outside of my pension income which was supported by income tax documents. Be aware though you require to have medical insurance (Thai) in place as part of the application and needs to cover up to at least 10 months while in Thailand.

I elected to go the LTR route as while presently hold the Elite visa, it expires next year and felt the amount required to renew wasn’t justified, or the “benefits” of the elite visa didn’t make sense for me.

LTR question (if an income tax on 2024 expat remittances into Thailand isn't delayed).

If after living in Thailand six years, an expat receives an approved Pension LTR in September 2024, does the LTR tax-free exemption take place in:

1) the tax year beginning January 2025?

2) the tax year beginning January 2024?

3) beginning September 2024 (pay tax on remittances from January to August of the 2024 income tax year)?

The answer could be beginning tax year 2025, but the LTR tax exemption wording is a bit vague.

I messaged BOI and they replied:

"According to the Royal Decree, governing reduction of Tax rate and exemption of Taxes (No.743) 2022, Section 5 : Income tax shall be exempted for foreigners have been granted a Long-term resident visa derived in the previous tax year from employment, or from business carried on abroad, or from a property situated abroad, and brought into Thailand.

However, regarding the Tax matter you are advised to contact the Revenue department for more details."

From what I have heard many local Revenue department offices have not had a chance to become familiar with the LTR and might not yet be able to help.

Text from decree:

"Section 5 Income tax under Part 2 of Chapter 3 in Title 2 of the Revenue Code shall be exempted for a foreigner categorised as Wealthy Global Citizen, Wealthy Pensioner, or Work­from-Thailand Professional who is granted a Long-Term Resident Visa under immigration law for assessable income under section 40 of the Revenue Code derived in the previous tax year from an employment, or from business carried on abroad, or from a property situated abroad, and brought into Thailand." (Strange that here, it only mentions employment, business and property income.)

Also note that this next section says that the exemption is suspended in the tax year that you do not comply with exemption rules.

"Section 7 In the case that a foreigner has applied tax reduction or exemption under this Royal Decree, and later does not comply with rules prescribed in Section 3, Section 4, Section 5, and Section 6 in any tax year, benefits will be suspended in that tax year."

So a bit odd... if you have the exemption, you are suspended effective in the current tax year but when receiving the exemption, it is not effective as of the current tax year.

Any LTR Wealthy Pensioners in this group? How did you meet this requirement? "A. Health insurance policy (travel insurance NOT accepted) covering the entire course of stay in Thailand and providing at least 50,000 USD for hospitalization and medical treatment in Thailand with no less than 10 months of remaining coverage." Any of you have BCBS Federal that covered this? TIA!

LTR for wealthy Global citizen. For the 80k. Are you allowed to count in wins/losses on the stock markets?

LTR for wealthy pensioner, $80 k USD gross or net? TIA

Well…. this is the best news I’ve had in a long time. Did it by myself, took about a month and a half.