ltr visa

Showing 243 questions

This page displays all the results for the LTR Visa tag, sorted by the most recent activity. There are a total of 243 questions that have been tagged with LTR Visa. Explore the questions to find discussions and information relevant to this topic.
LONG TERM RESIDENT (LTR) VISA RESOURCES / SERVICES
Nov 20, 2024
a day ago
Kat ***********
ORIGINAL POSTER
Hi, I'm Kat from Issa Compass. We're a startup in Thailand and we've recently launched our app. We want to help expats and digital nomads ease their visa application process, making it easier for everyone to come to Thailand and work here legally. We created an app that streamlines the visa application process.

Currently supporting the DTV, LTR, Non-B, BOI, and SMART visas in-app.

We're offering an exclusive offer to anyone who is interested in applying for a visa Thailand. No service fee, only government fees paid to the government.

Contact for more information at +66943193507 (LINE, whatsapp) or kat@getissa.com

Free consultation

App Store link (available on iOS only): [[members only])
Nov 16, 2024
6 days ago
Scott *********
ORIGINAL POSTER
# Thanks for the invite! I am 60 years old and recently retired. My wife is only 46. We are citizens of the US. We are thinking of Chiang Rai because of the air quality and smaller size of the city. We are trying to figure out the best way to obtain the visa. For myself it looks like the O-A visa for one year is our best option (though renewing every year seems like a hassle). The O-X for five years seems nice, but we hate to lock-in a good chunk of money in a bank account just sitting there unused. We do have investments at Fidelity that has partnered with the Krungthai Bank, but even if we tied our accounts to that bank, not sure if it counts as a "fixed" deposit even if my pension went into the account (the Thai Bank would still have a fairly low balance). Now concerning my wife, I heard there is an "O" visa that attaches to mine "O-A" visa? I am not sure how this works. Is it still for a year? What is needed on her end? I truly appreciate any help that you can give! Thank you.
Nov 12, 2024
9 days ago
Steve *******
ORIGINAL POSTER
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?
Nov 9, 2024
12 days ago
Olivia ********
ORIGINAL POSTER
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.
Oct 28, 2024
24 days ago
Charles *******
ORIGINAL POSTER
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.
Oct 25, 2024
a month ago
Alex **********
ORIGINAL POSTER
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
Oct 22, 2024
a month ago
Dave *******
ORIGINAL POSTER
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.
Oct 20, 2024
a month ago
Brad *******
ORIGINAL POSTER
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.
Oct 19, 2024
a month ago
Bigd **********
ORIGINAL POSTER
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!
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