Yes the following requirements will not apply to many working professionals:
- Public company on a stock exchange or; Private company in operation for at least three years with combined revenue at least USD 150 million in the last three years
However for those that it does this is a great option, and an incentive for larger companies to have long term work-cation type of options.
The current government visa fee for the LTR is 50,000 THB.
For some elite holders this visa type may be a better option if they meet all the requirements. But to fully determine this we would need to wait until all of the information is released (including tax requirements for all sections).
To meet income requirements it would need to be attached to your name.
Also please note that for some job categories they also have minimum requirements.
- Public company on a stock exchange or; Private company in operation for at least three years with combined revenue at least USD 150 million in the last three years
With these updates we do not expect Thailand Pass to be removed anytime soon, as it seems like they are doubling down on it as a pre-arrival screening tool.
There will be new changes in June to further increase the approval speed.
Our team has already noticed that the current approval process of the Thailand Pass has been greatly improved compared to the previous months.