Thailand’s Low-Tax “Long Term Resident” Visa Opens Next Month: How Does it Compare to Elite Residence? – IMI

The Thai government recently announced a new Long Term Resident Visa (LTR) that grants a 10-year residence permit, a program by which it aims to attract one million people over the next five years. 

The category will open in September, and interested parties will be able to apply via the website of Thailand’s Board of Investment (BOI). The LTR – according to initial statements – will be open to high net worth individuals (HNWIs), wealthy retirees, highly skilled workers, and remote workers (digital nomads). 

The LTR is the country’s third visa directly aimed at attracting global talent, following the SMART Visa and Visa Work Permit Facilitation programs, which have brought in 1,200 and 50,000 people, respectively.

In its initial announcement, the BOI characterized the LTR as “a program that provides a range of tax and non-tax benefits to enhance the…