PATTAYA, Thailand – Thailand’s Long-Term Resident (LTR) Visa program has attracted more than 7,000 high-quality foreign professionals in its first three years, thanks to simplified residency rules and easier work permit rights, the Board of Investment (BOI) said recently.
Launched in September 2022, the program offers long-term stay, tax benefits, and streamlined work authorization. Most applicants come from Europe (42%), the United States (19%), and Asian countries, including Japan (9%), China (5%), and India (4%), according to BOI Secretary-General Narit Therdsteerasukdi.
“The benefits are clear — fewer hurdles for residency, easier work permits, and attractive tax privileges. These are the key reasons global talent chooses Thailand,” Narit explained.
The LTR Visa targets highly skilled professionals, work-from-Thailand specialists, wealthy global citizens, and retirees, with 2025 rule changes also opening doors to foreign faculty.
Applications from wealthy individuals have doubled, showing strong demand despite global uncertainties. Beyond generating 23 billion baht (US$725 million), the program supports technology transfer in advanced industries such as semiconductors, AI, EVs, and robotics, while new digital services and the One Bangkok Investment and Expat Services Center provide one-stop convenience for professionals and investors. (PRD)
