Thailand is introducing a new visa called “Long-Term Resident (LTR) Visa” which is a program that provides a range of tax and non-tax benefits to enhance the country’s attractiveness as a regional hub for living and doing business for ‘high-potential’ individuals. Today, Thailand is already home to multinational corporations from all over the world and one of the most important tourist destinations in Asia.
Thailand presents itself as a very attractive location for “work from anywhere” professionals. This new visa program is expected to attract new foreign residents, technologies and talents contributing to domestic spending and investment while supporting economic growth. The Thai government has set the target of attracting one million wealthy or talented foreign residents into the country over the next five years.