Who is eligible for a 50,000 baht 10 year LTR visa in Thailand? The fine print.

Today, Thailand’s Cabinet announced that the fee for a 10 year Long Term Resident visa would be halved from 100,000 baht to 50,000 baht to attract foreigners with ‘high potential’ to reside in the kingdom. Not only has the fee been reduced, but the eligibility criteria has become more “flexible,” according to Deputy Spokesperson for the PM’s Office Ratchada Thanadirek. The Cabinet hopes the changes will increase foreign investment and boost the economy in these early post-pandemic months.

The LTR visa is targeted at f4 groups of foreigners: 1) wealthy foreigners 2) retirees 3) working foreigners and 4) specialists. All groups are welcome to bring their spouse and up to 4 children, as long as the children are under the age of 20.

The groups have different requirements to get the visa…

Groups 1 & 2: Wealthy Foreigners and Retirees

• Must purchase a health insurance…