# Thailand Introduces Relaxations to Long-Term Resident (LTR) Visa Program

- Link: https://www.thailand-business-news.com/visa/189776-thailand-boi-introduces-relaxations-to-long-term-resident-ltr-visa-program
- Published: 2025-01-18T11:15:00+07:00
- Author: J. Allan

The Thailand Board of Investment (BOI) announced that the Cabinet has approved updates
to the Long-Term Resident (LTR) Visa program. The updated LTR Visa program aims 
to attract more highly skilled professionals, wealthy global citizens, retirees,
and remote workers by offering a range of benefits, including tax incentives, simplified
immigration procedures, and extended visa durations.

## Key takeaways

 * The LTR Visa program now offers broader eligibility, including expanded sectors
   for highly skilled professionals and no work experience requirements for some
   categories.
 * The corporate revenue requirement for Work-from-Thailand Professionals has been
   reduced, and employees of multinational corporations can now qualify.
 * Dependents’ rights have been expanded, and the Wealthy Global Citizens category
   now focuses on investments in Thailand rather than income.

These changes are aimed at facilitating access to a broader range of experts, investors,
and executives, with the goal of enhancing the country’s foreign talent pool and
further boosting its competitiveness.

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The BOI is responsible for screening applicants for the LTR program, which was first
launched in September 2022. 

Successful applicants are granted a 10-year residence, access to a digital work 
permit, personal income tax privileges, and other benefits. 

The LTR program targets four categories: Highly Skilled Professionals, Work-from-
Thailand Professionals, Wealthy Global Citizens, and Wealthy Pensioners.

## What changes have been approved?

The approved changes include expanding the list of target sectors for the Highly
Skilled Professionals category, which is designed for talent and experts. 

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Initially focused on science, technology, and specific target industries, the list
now includes a broader range of non-STEM fields, such as Development and Sustainability,
Disaster and Risk Management, and Integrated Innovation.

The inclusion of educators in vocational and higher education across all disciplines
will ensure valuable knowledge transfer to Thai students and professionals, thereby
boosting the country’s competitiveness.

**The requirement for a minimum of five years of work experience **in a relevant
field has been removed for applicants in both the Highly Skilled Professionals and
Work-from-Thailand Professionals categories. 

This change is aimed at reducing redundant requirements and increasing accessibility,
allowing a wider range of high-potential applicants to contribute to Thailand’s 
key industries.

Two other changes have been made to streamline applications for the **Work-from-
Thailand Professionals category**. 

**The corporate revenue** requirement for overseas-based employers sponsoring an
applicant has been lowered to a **minimum of USD 50 million over the past three 
years, down from USD 150 million**. 

Additionally, employees of wholly owned subsidiaries of major multinational corporations
are now eligible for the LTR, provided they can demonstrate financial stability 
through the parent company’s financial statements, rather than those of the subsidiary,
as was previously required. 

**The minimum annual income requirement for applicants in the Wealthy Global Citizens
category has been removed**, with a stronger focus on cumulative wealth and investments
in Thailand. This aligns with the goal of encouraging greater foreign investment
in the country.

Lastly, the rights for dependents of the primary applicant in any of the four LTR
categories have been expanded, with **no limit on the number of dependents. **

The rights of the principal LTR holder will now include parents and legal dependents,
further enhancing Thailand’s appeal to families and ensuring a supportive and welcoming
environment.