Thailand Launches Long-Term Resident Visa for Foreign Workers

Thailand has officially introduced a Long-Term Resident (LTR) Visa program designed to attract "high-potential" foreign workers and professionals. The program features four categories: Wealthy Global Citizens, Wealthy Pensioners, Work-from-Thailand Professionals, and Highly Skilled Professionals.

To qualify as a Highly Skilled Professional, applicants must demonstrate a minimum average personal income of USD 80,000 per year over the preceding two years, although those employed by Thai government agencies are exempt from this threshold. Applicants earning between USD 40,000 and USD 80,000 can qualify by providing additional documentation, such as a master's degree certificate.

Furthermore, applicants must be employed under contract by a Thai or foreign company in designated industries or show expertise in fields specified by the Board of Investment. Health insurance coverage of at least USD 50,000 is required, though those receiving social security benefits in Thailand are exempt.

Alternatively, applicants can maintain a minimum of USD 100,000 in a bank account for 12 months.