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SANTA FE RELOCATION

Immigration update: Thailand | Long-Term Resident Visa (LTR), 16/09/2022

 

Who will be affected?

This new program is aimed to attract high net worth individuals foreigners in 4categories who would like to live and/or work in Thailand.

Background

The program provides a range of tax and non-tax benefits to enhance thecountry’s attractiveness as a regional hub for living and doing business.

This new visa program is expected to attract new foreign residents,technologies, and talents contributing to domestic spending and investmentwhile supporting economic growth.

Impact

The Long-Term Resident Visa (LTR) program is offering approved visa holdersincome tax breaks, fast-track services at international airports in Thailand,90 Day reporting extended to annual reporting, permission to work in Thailand,and an exception from the 4 Thais to 1 Foreigner employment ratio. The visaapproval is up to 10 years*. 
(10* years renewable visa permission will be granted to stay in Thailand. Theinitial visa is issued for  five years which can be extended for anadditional 5 years if qualifications are met.)

Implementation date

1st September 2022

Santa Fe recommendation

We are recommended to contact Santa Fe Thailand for further documents reviewbefore starting the process. 

If you have any questions about LTR visa, Thailand immigration, or how to enterThailand during COVID-19, please reach out to your local Santa Fe consultant,and we will be able to advise you further.


To read more immigrationupdates, click here


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