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The Thai authorities are introducing a new type of visa that will permit foreigners to live and work in the country for 10 years. Holders of a long-term resident visa (Long-Term Resident (LTR) Visa) will be able to count on tax and other benefits in Thailand. Thus, the country's authorities plan to attract rich or talented foreigners, writes expert.ru.
It is expected that over the next 5 years their number in the kingdom will increase to 1 million people. In accordance with the information on the website of the new Thai visa program: “Four categories of citizens will be able to apply for a visa: wealthy foreigners with assets of at least 1 million USD, pensioners over the age of 50 who receive a pension and a stable income of at least 80 thousand per year, or ready-made to impressive investments, employees of international companies working in a remote format, and in-demand specialists in certain industries”. Applications for a long-term resident visa will be accepted from September 1.
It is noted that if the application is approved, LTR Visa will first be issued for 5 years with a possible extension of its validity for another 5 years.