Thailand easing some LT visa restrictons

[reader]

From The Thaiger

Thailand is making bold moves to attract wealthy foreigners and digital nomads by easing visa restrictions to position the country as a global hub for long-term residency.

The Cabinet approved sweeping changes to its Long-Term Resident (LTR) visa programme, streamlining the application process and eliminating outdated Smart visa categories, a Government House source revealed.

The revised LTR visa rules target three key groups: remote workers, wealthy global citizens, and dependents of LTR visa holders. The most significant change includes lowering the income requirement for remote workers’ employers from an annual revenue of US$150 million (approximately 5.22 billion baht) to US$50 million over three years.

The Board of Investment (BOI), which spearheaded the proposal, noted the previous threshold was “unrealistically high” and excluded many qualified applicants. Additionally, the Cabinet removed the requirement for LTR visa applicants to have an annual income of at least US$80,000 for two consecutive years, although they failed to mention what annual income applicants have to meet.

https://thethaiger.com/news/national/thailand-slashes-barriers-for-elite-visas-ltr-programme

[bkkmfj2648]

15 minutes ago, reader said:

Additionally, the Cabinet removed the requirement for LTR visa applicants to have an annual income of at least US$80,000 for two consecutive years, although they failed to mention what annual income applicants have to meet.

Wow

That US$80,000 2 year threshold is why I am here in Cebu, Philippines.

I won't reach that annual threshold until my age 69 --> another 6 years.

I hope that they reveal the new threshold at the soonest. 🤞🤞

[bkkmfj2648]

Oops, I prematurely jumped the gun 🍆💦

The Thai cabinet only changed the $80,000 USD requirement for the:

Wealthy Global Citizen 

LTR category, and NOT for the 

Wealthy Pensioner

LTR category.

So, I will still need to wait until my 69th birthday, as I don't have $1 million in assets, of which $500,000 USD is invested in Thailand --> as per below AI snippet.

https://www.nationthailand.com/news/policy/40045152

 

[vinapu]

40 minutes ago, bkkmfj2648 said:

as I don't have $1 million in assets, of which $500,000 USD is invested in Thailand --> as per below AI snippet.

 

don't you worry, you still have a good heart and good looks

[vinapu]

1 hour ago, bkkmfj2648 said:

 

I won't reach that annual threshold until my age 69 --> another 6 years.

 

it will pass faster than you think

[floridarob]

9 hours ago, vinapu said:

it will pass faster than you think

SHHHHHHHHHHHHHHHHH 🥺