September 1, 2022
Thailand launches new 10-year Long-Term Resident Visa for working professionals and investors
On September 1, the Thai government introduced a new Long-Term Resident (LTR) Visa for highly skilled foreign professionals, digital nomads and individuals who make qualifying investments in Thailand. The LTR Visa is valid for up to 10 years and allows holders to sponsor eligible dependents. This development is in line with Thailand’s stated objective of recruiting highly skilled foreign workers and high-net-worth investors to the country as a means of stimulating the national economy following the outbreak of the COVID-19 pandemic.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.
Full text of Tax Alert