Changes to Long-term Residence Visa rules
On 13 January 2025, the Cabinet approved amendments to the qualifications, criteria, and conditions for the long-term residence visa (“LTR Visa”), reducing unnecessary conditions and focusing on the main objective of attracting wealthy individuals, highly skilled professionals, and their families to drive and stimulate the economy.
LTR Visa eligibility criteria: Rule changes
| Category | Previous rule | Problem | New rule |
Wealthy global citizens
| Required an annual personal income of at least USD 80,000 for two consecutive years prior to application. | Some applicants with sufficient investment capability and stable finances did not meet the annual income requirement. | Removed the minimum annual personal income requirement. |
| Work-from-Thailand professionals | Required an employment contract with an overseas company operating for at least three years, with a minimum combined revenue of USD 150 million over the past three years. | This posed a barrier to attracting skilled professionals, particularly those in innovative sectors such as technology and digital services. | Reduced the overseas employer's required minimum combined revenue to USD 50 million over the past three years. |
| Dependants | Allowed a maximum of four dependants, excluding parents and legal guardians. | This limited the ability of foreign nationals to relocate with their families. | Removed the cap on the number of dependants, allowing spouses, children, parents, and legal guardians. |
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Chalermpon Tanopajai Director - Legal Practice WP&VISA - Bangkok
