10 Year Visa for Thailand | Long Term Resident Visa

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  • Опубликовано: 27 ноя 2024

Комментарии • 81

  • @jessicalitras
    @jessicalitras 2 года назад +3

    This is awesome! Thank you for explaining the differences between options.

  • @profribasmat217
    @profribasmat217 2 года назад +2

    Thinking to do this. I’m retired, make about 200k a year, but despite being 58 and retired, I have a toddler and a much younger wife. The international schools in Phuket and krabi look good, and I’ve always enjoyed Thailand.

    • @SettleinAbroad
      @SettleinAbroad  2 года назад

      Hi Roberto. Great, thanks for sharing. Feel free to email us at info@settleinabroad.com if you have any questions about the LTR process.

    • @yumchar7
      @yumchar7 2 месяца назад

      I'm in the same situation as you, age-wise, and with a young child and wife. I made the move to Phuket in July 2024. There is nothing really quite like it. Currently on a retirement visa, I need to reapply for LTR. Hey, your comment was in 2023 - Did you make the move?

    • @profribasmat217
      @profribasmat217 2 месяца назад +1

      @@yumchar7 i moved to Taiwan first, where my wife is from. My son speaks English and mandarin fluently now, he’s 5.5. We are actually in Thailand now, then going to Europe for 3 months. No permanent decision, but my wife doesn’t like taiwans education system, Thailand Malaysia, Italy or Spain are our candidates right now.

  • @yumchar7
    @yumchar7 2 месяца назад +1

    For the Thai US$500,000 investment, 1. If my defacto western wife and I buy a US$1m property in Thailand in joint names and contribute equally to the purchase, does this still qualify, assuming I'm the principal applicant?; 2. We are not married. Do we need to be?

    • @SettleinAbroad
      @SettleinAbroad  2 месяца назад

      Hi there! Thank you for getting in touch.
      If it's bought between two people it will only count as 50% of the amount per person. So, if both of your names are on the purchase agreement, the LTR department will only count 50% of the purchase price towards your investment. Feel free to email us at info@settleinabroad.com if you need more information.
      Alternatively, please schedule a free consultation call via the link below.
      settleinabroadconsultations.as.me/schedule/f607b374

  • @benguenther1162
    @benguenther1162 9 месяцев назад +1

    Thank you for this video. It was presented in such a clear and well organized manner. ONE question: Can the USD 80,000 be in equivalent Canadian funds. What supporting documents would be required? Thank you so much!!

    • @SettleinAbroad
      @SettleinAbroad  9 месяцев назад

      Hi Ben, thank you so much for your lovely comment.
      Yes, of course. You need to prove the equivalent of 80,000 USD through your tax returns in the country that you are living or are employed in.
      If you have any more questions, feel free to email us at info@settleinabroad.com!

  • @delasera1
    @delasera1 2 года назад +2

    Does the criteria for the Wealthy Global Citizen option LTR require property used to satisfy the $500,000 investment to be paid off in full or can it be under a mortgage?

    • @SettleinAbroad
      @SettleinAbroad  2 года назад +1

      Thank you for reaching out to us. Unfortunately, as a foreigner, you aren't able to get a mortgage under normal circumstances.
      So, to answer your question, the property investment will need to be paid in full.
      Please book a FREE Consultation Call via the link below, so we can answer any additional questions you may have.
      settleinabroadconsultations.as.me/schedule.php

  • @pattyj886
    @pattyj886 2 года назад +2

    Great overview! Are there any conditions for the 500k USD investment in real estate? Does it have to be in a gov't approved project or does this allow investment in any condo within Thailand? Can the foreign direct investment be in a Thai ETF like THD from ishares? thanks

    • @SettleinAbroad
      @SettleinAbroad  2 года назад

      Thanks so much Patty. 1. It can be an investment in any type of condo in Thailand. 2. Yes, the direct investment can be in shares in Thailand. Feel free to email us at info@settleinabroad.com and we can help you see if you qualify for the LTR.

  • @frederickkrewson638
    @frederickkrewson638 2 года назад +1

    What is the cost to file the application? How do you "verify" how much your annual retirement income is? ( The US Embassy does not certify/verify an of those documents. )

    • @SettleinAbroad
      @SettleinAbroad  2 года назад

      Hi Frederick, thank you for reaching out to us.
      You verify the retirement income by showing how much you've paid in tax. The BOI looks at past tax returns.
      Feel free to set up a FREE Consultation Call with us via the link below.
      settleinabroadconsultations.as.me/schedule.php
      This way we can discuss your options and answer any questions you have.

  • @tk4c415
    @tk4c415 2 года назад +2

    as a wealthy pensioner , do you still have to show 800k baht in bank account, or 65 k a month..

    • @SettleinAbroad
      @SettleinAbroad  2 года назад

      Hey, there. Thank you for your comment. For a wealthy pensioner you need to show personal income or pension of at least 80,000 USD annually. If personal income or pension is less than 80,0000, but higher than 40,000 USD - need to invest at least $250,000 USD into Thai property or government bonds. Let us know if you have any questions or would like to set up a free consultation call to discuss.

    • @mikejui
      @mikejui 2 года назад +1

      @@SettleinAbroad How do you invest $250,000 in Thai property? Condo only? or, do I have to have a Thai company to buy a villa?

    • @SettleinAbroad
      @SettleinAbroad  2 года назад

      @@mikejui Yes, you can own a condo, or you could own land under a Thai company as well to buy a villa.

  • @underworldevents265
    @underworldevents265 Год назад

    I meet the requirements for the wealthy pensioner and was looking to buy a house in thailand, so getting an LTR is a bonus. Do I need to start that application process before I buy property? Or is that something you would do afterwards...ie, does the thai government give you a specific amount of time to buy something after you apply? Thanks!

    • @SettleinAbroad
      @SettleinAbroad  Год назад

      Hi there, thank you for getting in touch.
      To answer your questions effectively, we'd recommend to jump on a Free Consultation Call where we gather all details needed to advise you accordingly. Please schedule your call at a time suitable for you via the link below.
      settleinabroadconsultations.as.me/schedule.php
      We look forward to chatting with you.

  • @balajithecrusader
    @balajithecrusader 2 года назад +1

    Hello, thank you for the details. Are the LTR visa holders eligible for permanent residency after 3 years?

    • @SettleinAbroad
      @SettleinAbroad  2 года назад

      Hi Balaji, Thank you for getting in touch.
      In theory, the LTR visa holders should be eligible for the Permanent Residency after 3 years, but there are quite a few other requirements that need to be met.
      The Permanent Residency is actually extremely hard to get and therefore not many people attempt to go down that path.

  • @Mikeb8134
    @Mikeb8134 2 года назад +1

    Thank you!!

    • @SettleinAbroad
      @SettleinAbroad  2 года назад

      No problem! Feel free to reach out to us if you have any questions.

  • @MrGnowyar
    @MrGnowyar 2 года назад +2

    What if your employment is terminated after receiving work-from-Thailand professional LTR visa, what happens to visa status?

    • @SettleinAbroad
      @SettleinAbroad  2 года назад +1

      You are required to update the LTR team when you do annual reporting every year, so you would have to let them know that your position was terminated and the visa would be terminated as well.

    • @danielsimon4404
      @danielsimon4404 2 года назад +3

      @@SettleinAbroad This visa should be an option for digital nomads. Which digital nomad has a permanent employer and earns 80k a year? I really doubt this is an option for the targeted group

    • @SettleinAbroad
      @SettleinAbroad  2 года назад

      @@danielsimon4404 Absolutely, the criteria is tough for this visa.

  • @Antandthegrasshopper
    @Antandthegrasshopper 2 года назад +1

    For wealthy global citizen do you just need to show $1M in investments in US firm and $80K in salary? What if you leave your job and retire after obtaining the visa and retire? Also does it matter if the global citizen is over 50 years old? Thanks

    • @SettleinAbroad
      @SettleinAbroad  2 года назад

      Hello, thanks for your comment. Yes, for Wealthy Global Citizen you need to show $1 million in investments + 80k salary + Investment of at least 500,000 USD in Thai property or government bonds (This amount can count towards the 1 million USD in assets). If you leave your job and retire, you could change to the Wealthy Pensioner if your pension is an equivalent of 80k annually. For the Wealthy Global Citizen category it is ok if you are over 50 years old. Feel free to email us at info@settleinabroad.com if you have any questions or set up a free consultation call with us here: settleinabroadconsultations.as.me/

  • @davidg8473
    @davidg8473 Год назад

    What do you need to provide for the 1year reporting ? Do I need to provide income details every year or only every 5years ? Thanks

    • @SettleinAbroad
      @SettleinAbroad  Год назад +1

      Hi David, thank you for getting in touch.
      The one year reporting is just a simple check in about your address and they do ask for your income again, but you aren't required to submit new financial documents or anything else until year five.
      If you have any other questions, feel free to email us at info@settleinabroad.com

  • @CA-1954
    @CA-1954 2 года назад +1

    Would this LTR visa be suitable for me if I have a Thai spouse and only intend to stay in Thailand 6 months a year every year. Do I still need to show that I have loads of money.

    • @SettleinAbroad
      @SettleinAbroad  2 года назад

      You'll have to have the qualifications for the visa no matter how often you plan to be in Thailand. If you already have a Thai spouse, then the marriage visa would be your easiest solution.

  • @ExpatPropertAsia
    @ExpatPropertAsia Год назад

    For LTR Wealthy Pensioner, is it $80k for a total of 2yrs (40k/yr).
    This is verified by Income Tax return & pension Statement it appears. Can you verify?

    • @SettleinAbroad
      @SettleinAbroad  Год назад

      Hi Joseph, thank you for getting in touch.
      The main requirement is that your personal income or your pension are at least $80,000 USD annually. Bare in mind that this is after taxes for the last year before the time of the application.
      If personal income or pension is less than $80k but higher than $40k, you will need to invest $250K USD in either of the following:
      1. Thai government bond issued by the Ministry of Finance with over five years of remaining maturity at the time of application.
      2. Investment in a limited company or public company registered under Thai law, and investment in a venture capital company registered with the Securities and Exchange Commission (SEC), Thailand, excluding investment in the Stock Exchange of Thailand (SET).
      3. Investment in real estate (Condominiums)
      If you have any additional question, please feel free to email us at info@settleinabroad.com

  • @BestlifeNomad
    @BestlifeNomad Год назад +1

    Disabled Pensionaire (65k year) under 50 ? Does anything apply ?

    • @SettleinAbroad
      @SettleinAbroad  Год назад

      Hi there, thank you for reaching out.
      There is not specifically an LTR visa from those few details you mentioned, but there are many different long term visas in Thailand such as the Thai education visa. Feel free to email us at info@settleinabroad.com if you have any other questions.

  • @neddy71
    @neddy71 2 года назад

    Super informative video! The Work-from-Thailand Professional visa sounds perfect for me. I work for a large multi-national that allows me to work remotely and I fot all the criteria. With this visa can I open a bank account in Thailand and my employer deposit my salary in to that? May thanks!

    • @SettleinAbroad
      @SettleinAbroad  2 года назад

      Hello there, thank you for your comment.
      That's great to hear that you may qualify for The Work-from-Thailand Professional Visa.
      Yes, you can open a Thai bank account with this visa and your employer could pay you money directly into your Thai account if you prefer it to be done that way. If it's done that way, then you will be required to pay tax in Thailand. If your employer pays you to a foreign account, then it's necessary that you pay tax on that income in that country.
      We hope it all makes sense.
      You can schedule a Free Consultation Call at a time suitable for you via the link below.
      settleinabroadconsultations.as.me/schedule.php
      This way we can answer any additional questions you might have.

  • @alexandred.1965
    @alexandred.1965 2 года назад

    Are the conditions cumulative ?
    For example, under wealthy global citizen does someone need to have have 1 MUSD in assets ... AND at least 80 KUSD / year salary for the pas 2 years ... AND .. invest 500 KUSD ?
    or any condition fulfilled is satisfactory ?
    Does it depend of the visa type ?

    • @SettleinAbroad
      @SettleinAbroad  2 года назад

      Hey Alexandre, thanks for the comment. Yes, under Wealthy Global Citizen all conditions are cumulative. There is different criteria for each visa type. You need to have at least 1 million USD in assets, personal income of a minimum of $80,000 USD for the past 2 years. Investment of at least 500,000 USD in Thai property or government bonds (This amount can count towards the 1 million USD in assets).

  • @bigmike2640
    @bigmike2640 2 года назад +1

    What if your spouse is a dual citizen Thai/US, as a dependent would she have to get the $50,000 coverage in health Insurance since she is a Thai citizen and covered under their national health care?

    • @SettleinAbroad
      @SettleinAbroad  2 года назад

      Hi Mike. Correct, she wouldn't need the insurance if she is already covered by National Health Care. If she already has a Thai ID card, she wouldn't need the Dependent visa as she is a Thai citizen.

    • @t.q.6639
      @t.q.6639 2 года назад

      We are in similar situation. Did you apply for LTR visa?

  • @jorgebastarras8760
    @jorgebastarras8760 Год назад

    I dont understand this requirement to Work from Thailand Proffesional -> own a intellectual property . I think its a very broad term. For example is a intellectual property a internet domain ... What criteria do they have for that?

    • @SettleinAbroad
      @SettleinAbroad  Год назад

      Hi there, thank you for getting in touch.
      It would be more than a website domain such as you inventing your own product and getting trademark or patenting for it. We will check with the BOI and get some more clarifications for you.

  • @joeuzzolina3324
    @joeuzzolina3324 2 года назад +1

    costs for husband and wife is it 50000 or 100000? retired couple fall into the first category but noone can answer the application cost
    I called 4 consulates in USA none could answer they know nothing
    can you clarify today please we have flight booked in a month we want to start this quickly
    ready to apply once sorted out

    • @SettleinAbroad
      @SettleinAbroad  2 года назад

      Hi Joe! It would be 100,000 baht for the visa cost. 50k each. You pay the application cost after the visa is approved by the LTR department and you pick it up at immigration. Please let us know if you would like our assistance. We can help you get your application in asap. Feel free to email us at info@settleinabroad.com or set up a free call with us here: app.acuityscheduling.com/schedule.php?owner=18489815&calendarID=3350626

  • @irshadadamjee7733
    @irshadadamjee7733 2 года назад

    Good video presentation ,so if I don’t have property in Thailand to the value of half a million US dollar out of the million usd required for the global wealthy LTR ,but have a million US dollars of stocks / shares there & a small property in bkok .
    Does this qualify me for this visa & do I get a res tax number if I qualify for this,
    Razak adamji

    • @SettleinAbroad
      @SettleinAbroad  2 года назад

      Hi Irshad, thank you for your kind comment.
      Yes, Thai government bonds and shares can count towards the $500,000 USD.
      Yes, it is possible to get a Thai Tax ID number.
      If you have any more questions, feel free to email us at info@settleinabroad.com
      Alternatively, schedule a Free Consultation Call at a time suitable for you via the link below.
      settleinabroadconsultations.as.me/schedule.php
      We look forward to hearing form you.

  • @zagrin
    @zagrin Год назад +1

    Is the LTR Dependant Visa available to same-sex dependants?

    • @SettleinAbroad
      @SettleinAbroad  Год назад

      Hi Zagrin, thank you for getting in touch with us.
      The LTR Dependant Visa can only be granted to those who are able to be legally married in Thailand. At this time, Thailand does not recognize same-sex marriages. We hope this helps.

    • @zagrin
      @zagrin Год назад

      @@SettleinAbroad Thank you for getting back to me. Much appreciated.

  • @xoheb246
    @xoheb246 2 года назад +1

    Can you help with this visa if as business owner my business revenue is more than 40000usd annually. Can we discuss this in details.

    • @SettleinAbroad
      @SettleinAbroad  2 года назад +1

      Hi Zoheb. To fall under the Work-from-Thailand Professional category, your personal income if under 80k would need to be a minimum of 40,000 USD annually and you must have a Master's Degree. The business itself would have to have a combined revenue of $150 million USD for the past 3 years. To discuss your options in more detail you can email us at info@settleinabroad.com or set up a free consultation call with us here: settleinabroadconsultations.as.me/schedule.php

  • @pb26
    @pb26 Год назад

    Hi there, as a married couple will the BOI accept the personal income of $80,000 between both our retirement accounts? Or is that $80,000 per year-per person?

    • @SettleinAbroad
      @SettleinAbroad  Год назад

      Hi there, thank you for reaching out.
      The main applicant needs to show the financial proof. So long as the main applicant's name is on both accounts then it's fine. The dependent doesn't need to show any financial proof but they cannot combine 2 accounts with different names even though they are married.
      You can send us an email at info@settleinabroad.com with any additional questions.
      Alternatively, feel free to set up a Free Consultation Call via the link below.
      settleinabroadconsultations.as.me/schedule.php

    • @pb26
      @pb26 Год назад

      @@SettleinAbroad Thank you for responding. Have a coffee on me.

  • @Steven-mm7gb
    @Steven-mm7gb Год назад +1

    The 100000 usd for insurance can be in us bank account?

    • @SettleinAbroad
      @SettleinAbroad  Год назад

      Hi Steven, thank you for getting in touch.
      It doesn't have to be a Thai account, it can be in a US account. If you have any more questions, feel free to email us at info@settleinabroad.com

    • @Steven-mm7gb
      @Steven-mm7gb Год назад

      @@SettleinAbroad Thank you for the reply!

    • @SettleinAbroad
      @SettleinAbroad  Год назад

      @@Steven-mm7gb No problem, we're here to help.

  • @searchersearcher8286
    @searchersearcher8286 Год назад +1

    Is ltr vise multiple entries

    • @SettleinAbroad
      @SettleinAbroad  Год назад

      Hi there, thank you for reaching out.
      Yes, the LTR Visa includes multiple entries to Thailand.

  • @dontysk
    @dontysk 2 года назад +2

    Ridiculous!! Most of the "digital nomads" do not match this requirements, 150M last 3 years 😂? 80K a year? These visa is going to nowhere. It is the worst digital nomad in the world.

    • @SettleinAbroad
      @SettleinAbroad  2 года назад +1

      Yes, it is certainly not a digital nomad visa.

  • @kabirulalo908
    @kabirulalo908 2 года назад

    Great video !!!
    I have already took contact with Maegan -she is very kind and cooperative-I am waiting for her feedback Shortly for the pre-screening of my documents and I am confident you will help me getting this great visa :))
    Cheers :))

    • @SettleinAbroad
      @SettleinAbroad  2 года назад +1

      Hi Kabiru, thank you for your kind comment.
      We are excited to assist you in the process of getting the LTR Visa.

  • @Hmmm313
    @Hmmm313 2 года назад +1

    What is LTR VISA????

    • @SettleinAbroad
      @SettleinAbroad  2 года назад

      Hi Kris, thank you for your comment.
      "LTR Visa" stands for "Long Term Resident Visa". We hope that helps.

  • @shadyboy8713
    @shadyboy8713 2 года назад

    How is taxation working for remote workers?

    • @SettleinAbroad
      @SettleinAbroad  2 года назад

      One perk of the LTR is that LTR visa holders are tax-exempt from overseas income. The LTR Highly Skilled Professionals category has a tax cap at 17%!

  • @3DJay429
    @3DJay429 2 года назад +2

    its a shame this visa criteria is the way it is, who the hell is going to use this visa lol

    • @MrSandro141
      @MrSandro141 2 года назад

      lol right, Thailand government is delusional.

    • @SettleinAbroad
      @SettleinAbroad  2 года назад

      Yes, the criteria and qualifications definitely aren't applicable for everyone.