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Thailand
"Thailand LTR visa gave us 10-year residency with minimal hassle. Quality of life exceptional, costs reasonable, and regional travel access perfect for our lifestyle."
Long-Term Resident (LTR) Visa
- Introduced 2022, four categories:
- Wealthy Global Citizen: $1M+ assets, $80k+ annual income. 10-year visa, renewable.
- Wealthy Pensioner: $250k+ assets or pension, $80k+ annual income (over 50 years old). 10-year visa.
- Work-from-Thailand Professional: Remote workers for foreign companies, $80k+ annual income last 2 years. 10-year visa.
- Highly-Skilled Professional: Working for Thai or foreign companies in Thailand, $80k+ annual income. 10-year visa.
- Wealthy Global Citizen: $1M+ assets, $80k+ annual income. 10-year visa, renewable.
- Benefits: multiple re-entry, fast-track immigration lanes, work permit exemption (for remote work categories), reduced personal income tax rates
- Processing 2-4 months
- Family members included
Company Formation & Business
- Thai Limited Company standard structure, minimum 3 shareholders (foreigners can own up to 49%, majority 51% must be Thai nationals in most sectors, exceptions for BOI-promoted companies or Treaty of Amity companies for US nationals)
- Foreign ownership restrictions significant challenge (majority Thai ownership required in most sectors unless BOI promotion obtained)
- Corporate tax 20% on net profits
- VAT 7%
- BOI (Board of Investment) incentives available: tax holidays, 100% foreign ownership, land ownership rights for promoted industries (manufacturing, tech, Eastern Economic Corridor projects)
- Popular for: manufacturing, tourism services, regional offices, trading
Tax Considerations
- Territorial-ish tax system: Thai-sourced income taxed, foreign income taxed only if remitted to Thailand in same year earned (planning opportunity: delay remittance)
- Personal income tax progressive 0-35%
- Corporate tax 20% (small businesses <THB 5M profits 15%)
- Capital gains treated as ordinary income (no separate capital gains tax regime)
- Treaty network 60+ countries
- LTR visa holders get preferential 17% personal income tax rate on qualifying income
Lifestyle & Considerations
- Exceptional quality of life: affordable cost of living (outside Bangkok expatriate areas), excellent food, culture, beaches, islands
- Healthcare excellent (especially private hospitals in Bangkok, affordable by Western standards)
- Bangkok major city (traffic congestion, pollution issues but world-class dining, entertainment, infrastructure)
- Chiang Mai popular for digital nomads (lower costs, cooler climate, strong expat community)
- Islands (Phuket, Samui, etc.) for beach lifestyle
- Visa and immigration bureaucracy can be challenging (LTR visa improving this)
- Language barrier (Thai language, English proficiency varies)
- Political instability historically (though business environment generally stable)
- Best for: digital nomads, retirees, lifestyle entrepreneurs, regional manufacturing/operations
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Important Notice: Aventarys Group connects clients with licensed third-party professionals. We do not provide legal, tax, accounting, or financial advice. All services are delivered by independent licensed providers. Clients should consult their own legal and tax advisors before making any decisions.
