Thailand Sets Income Threshold for 10-Year Residency Visa

Thailand has set a minimum average personal income requirement of USD 80,000 (approximately ₦129.6 million) per year for foreigners applying for its 10-year Long-Term Resident (LTR) visa. This requirement must be sustained over the previous two years, as published on the official LTR visa portal managed by Thailand's Board of Investment.

Foreigners employed by Thai government agencies are exempt from this income threshold. Applicants with an average annual income between USD 40,000 (about ₦64.8 million) and USD 80,000 must provide additional documentation to support their application, such as a certificate indicating they hold a master's degree or higher in science or technology.

Those earning below USD 40,000 do not meet the financial criteria. The LTR visa aims to attract high-value foreign nationals, including wealthy retirees, remote workers, and skilled professionals, thereby drawing foreign investment and talent into Thailand.