Ease conditions of Long-Term Resident Visa for employees of foreign companies and investors
15 Jan 2025
On 15 January 2025, Thailand approved updates to the criteria and conditions of the Long-Term Resident (LTR) visa, introducing significant changes aimed at attracting foreign investment.
One key amendment allows employees of wholly owned subsidiaries of major multinational corporations to qualify for the LTR visa. These individuals may now demonstrate financial stability using the parent company’s financial statements, rather than those of the subsidiary, as previously required.
Another significant change is the removal of the income requirement under the Wealthy Global Citizens category, which applies to investors qualifying through foreign direct investment. Previously, a minimum income threshold was necessary; this has now been eliminated, enabling eligibility based solely on assets and investments in Thailand.
Nature of measure:
Type:
-
Treatment and operation (Other)
Industry:
Inward FDI:
No
Outward FDI:
No
Sources:
