Amendment of Qualifications, Criteria and Conditions for LTR Visa

On 16 March 2023, the Office of Board of Investment announced the Announcement No. Por. 6/2023 regarding the amendment of Qualifications, Criteria and Conditions for a special long-term residence visa (“LTR Visa”) under a measure to stimulate the economy and investment by attracting the foreigner with high-potential

Keywords: Mazars, Thailand, LTR visa, Amendment, Qualification, Criteria, Condition, BOI, S-curve

2 June 2023

The new announcement has amended the previous announcement and requires the foreigner to provide a contract of employment or services with a domestic or foreign enterprise with an assignment to work in Thailand; or provide evidence of employment with higher educational or research institutes, specialized training institutes, or public agencies in Thailand to work for the new target industries in the application process.

The targeted industries are as follows:

Automotive
Electronics
Affluent tourism industry
Agricultural, food and biotechnology
Automation and robotics
Aviation, aerospace and space industry
Biofuels and bio-chemical
Digital
Medical
Defense
Circular economy
Transportation and logistics
Petrochemical and chemical
International Business Center (IBC)
Other industries operated by foreigners:

Research and development in targeted industries or technologies, such as biotechnology, nanotechnology, advanced material technology, digital technology;
Human resource development in science and technology at vocational or higher education levels;

AI technology, automation, and robotics in business operations;
Digital planning and development systems to enhance business production and services;
Financial or marketing analyst or consulting services;
Environmental and energy management;
Management or advisory of incubation programs, acceleration programs, innovation and startup ecosystems;
Alternative dispute resolution services; or
Promotion and support of economic development, trade, and investment by Foreign Chambers of Commerce and organizations promoting trade and investment from foreign countries.

In comparison with the previous announcement, the Office of Board of Investment added two new industries i.e. Petrochemical and chemical and the International Business Center (“IBC”) into the new target industries and provided more clarification on the scope of the Other industries under item 15.i to ix.

Source:

https://ltr.boi.go.th/page/laws-regulations.html

BOI Announcement no. Por 2/2565

BOI Announcement no. Por 6/2566