LTR — Work-from-Thailand Professional

3.3 Work-from-Thailand professionals shall : 3.3.1 Provide one of the following documents of the minimum personal income: 3.3.1.1 Evidence of an average personal income of at least USD 80,000 per year for two years before the date of application. 3.3.1.2 In the case that the applicant provides evidence of graduation with a Master's degree or higher, owning intellectual property, or receiving Series A funding (financing of a start-up during the growth phase after the seed-funding round of at least USD 1 million), the applicant must provide evidence of an average personal income of at least USD 40,000 per year in two years before the date of application.

3.3.2 Provide evidence of employment with a foreign employer in one of the following cases: (1) A listed company on any stock exchange in any country. (2) A private company that has been in operation for at least 3 years and has a combined revenue of at least USD 50 million over the 3 years as of the date of application. (3) A Wholly subsidiary which has the company (1) or (2) as 100 % shareholder.

Holders of the LTR visa under the Work-from-Thailand category cannot engage in work or activities with Thai employers that generate income in Thailand because this visa does not allow for a work permit. It is suitable only for individuals who earn income from their employment with overseas companies that allow them to work remotely.

3.3.2 Provide evidence of employment with a foreign employer in one of the following cases: (1) A listed company on any stock exchange in any country. (2) A private company that has been in operation for at least 3 years and has a combined revenue of at least USD 50 million over the 3 years as of the date of application. (3) A Wholly subsidiary which has the company (1) or (2) as 100 % shareholder.

Holders of the LTR visa under the Work-from-Thailand category cannot engage in work or activities with Thai employers that generate income in Thailand because this visa does not allow for a work permit. It is suitable only for individuals who earn income from their employment with overseas companies that allow them to work remotely.

3.3 Work-from-Thailand professionals shall : 3.3.1 Provide one of the following documents of the minimum personal income: 3.3.1.1 Evidence of an average personal income of at least USD 80,000 per year for two years before the date of application. 3.3.1.2 In the case that the applicant provides evidence of graduation with a Master's degree or higher, owning intellectual property, or receiving Series A funding (financing of a start-up during the growth phase after the seed-funding round of at least USD 1 million), the applicant must provide evidence of an average personal income of at least USD 40,000 per year in two years before the date of application.

3.3.3 Provide a health insurance policy covering medical expenses in Thailand of at least USD 50,000 with a remaining coverage period of at least 10 months as of the date of the letter of qualification endorsement issuance; or evidence of social security benefits insuring medical expenses in Thailand; or a deposit balance of at least USD 100,000 in a bank account in Thailand or abroad retained for at least 12 months as of the date of application.

Holders of the LTR visa under the Work-from-Thailand category cannot engage in work or activities with Thai employers that generate income in Thailand because this visa does not allow for a work permit. It is suitable only for individuals who earn income from their employment with overseas companies that allow them to work remotely.

Because this visa is specially crafted for individual who set intention to work remotely while living exclusively in Thailand so if they have an on-site work engage, they will need to switch type of visa.

2.2 Dependents of the alien persons according to Item 2.1 who are the legitimate spouse, parents, and children under 20 years old or legal dependents of the primary LTR Visa holder.

3.5 The dependents shall: 3.5.1 Provide evidence of being the legitimate spouse, parents, or children aged under 20 years old or legal dependents of the primary LTR Visa holder according to Item 2.1. 3.5.2 Provide a health insurance policy covering medical expenses in Thailand of at least USD 50,000 with a remaining coverage period of at least 10 months as of the date of the letter of qualification endorsement issuance; or evidence of social security benefits insuring medical expenses in Thailand, or additional deposits of at least USD 25,000 per person in the bank accounts, in Thailand or abroad in the name of the alien person according to Item 2.1 or in the own accounts of the dependents, retained for at least 12 months as of the date of application.

Even though the LTR Visa is valid for 10 years, the Immigration Bureau initially grants a stay permit for the first 5 years in accordance with the announcement. You must reconfirm your eligibility to extend the LTR Visa for the remaining 5 years (the second validation does not require a visa fee).

You should submit your application within 120 to 60 days prior to the expiration of your current permission to stay in order to obtain a qualification endorsement letter from the BOI.

The application and processing for the LTR visa are free of charge. However, once your application is approved, you will need to make a full payment of 50,000 baht for the issuance of the LTR visa. This payment is due on the appointment date at the Immigration Bureau office located at TIESC in Bangkok.

In case LTR visa holders stay in Thailand for 1 year without leaving the country, they need to file TM.95 (1-year report) at the Immigration Office instead of TM.47 (90-day report). This is one of the benefits of the LTR visa. However, TM.30 (Notification of residence for housemaster, owner, possessor or hotel manager where the foreigner has stayed) is still required.

To change the category of an LTR visa, the applicant must reapply for the qualification endorsement process according to the criteria for each type of LTR visa. Therefore, the applicant will be required to pay the visa fee upon receiving a new stamp for the new category.