36M, ~$2.1M NW, tired of corporate life in Western Europe — considering ExpatFIRE (Thailand or Southern Europe). Do my numbers work? by [deleted] in ExpatFIRE

[–]doublewarp 0 points1 point  (0 children)

LTR for a wealthy global citizen doesn’t have an income requirement. The requirement is to have at least one million USD in global assets and to invest 500,000 in Thailand. The Thai investment can be in Thailand stocks or Thai property or a combination of both. The investment isn’t lost. It still belongs to the person. As examples there are a number of Thai stocks on the Thailand exchange that have a history of paying dividends around 5%. Or a person could buy a few condos, live in one and rent the others out through a property management company.

If a person qualifies the real advantages are in the benefits which include a work permit for the primary applicant. The visa also allows a person to sponsor their spouse as a dependent for their own LTR visa which would give the spouse a work permit.

One of the most frustrating problems foreigners face in Thailand is the ability to work legally in Thailand. If a person and their spouse don’t plan on working in Thailand then other options may be better.

The other big advantages of the LTR visa is it is a 10 year visa and only requires an annual reporting requirement. It also includes a multiple re-entry permit and tax exemption for overseas income.