Requirements to apply for a Thailand LTR Visa are varied, but in general, applicants must have enough money to live in the country for at least 5 years. Applicants must also have deposited money in a Thai bank. A wealthiest global citizen must also show that they have health insurance. In addition, they must be a US citizen. In this article, we’ll look at the requirements to apply for a Thailand LTR Visa.
Applicants must have money deposited in a Thai bank
To apply for a Thailand Long Term Resident Visa, applicants must have a certain amount of money deposited in a Thai bank before they arrive in the country. This money must be at least 800,000 Baht. Before the visa can be issued, applicants must deposit the money in their account at least two months in advance. Upon arrival in Thailand, visa holders are prohibited from withdrawing more than 800,000 Baht from their bank accounts until three months have passed. Furthermore, visa holders are not allowed to work in Thailand without prior authorization and cannot pose a threat to the country’s security.
Applicants must have sufficient funds to cover their expenses in Thailand before applying for the Thailand Long Term Resident Visa. In order to apply for this type of visa, applicants must have money deposited in a Thai bank within three months before arrival. In addition to this, applicants must have a letter from their bank verifying that they have no criminal records, and a copy of their health insurance plan with COVID-19 coverage. Finally, applicants must have a flight ticket showing the amount of money they have deposited in a Thai bank.
The O-X visa is another option for applicants. It is suitable for retired people who want to live in Thailand for a long period without working. This type of visa is valid for one year and can be renewed for a further year at the Immigration Bureau. To apply for an O-X visa, applicants must have at least $800 in a Thai bank account and proof of a $40,000 annual income. Furthermore, applicants must pass a medical check and have health insurance before being granted their visa.
Wealthy global citizens must show health insurance
Applicants for the Thailand Long Term Resident Visa must have an insurance plan with an annual value of 50k dollars, social security benefits that cover medical treatment in Thailand, and a deposit of 100k dollars. The applicant must also have a minimum income of 80k dollars a year or a Master’s degree with specialized skills relevant to their job assignment in Thailand. However, applicants with lower incomes can qualify for the visa by investing in government bonds, foreign direct investments, and properties.
As of September 2015, a new requirement for nonimmigrant visas was implemented by the Ministry of Public Health. Applicants must show proof of having health insurance, either in Thailand or abroad. The insurance policy must cover medical expenses for both outpatient and inpatient care in Thailand. Wealthy global citizens can choose from Pacific Cross, which has 460 hospitals in Thailand and offices in many other countries.
For those who wish to remain in Thailand for a year or longer, the O-A visa is available. Once you have met the required financial requirements, you can extend the visa after one year, if necessary. The O-A visa is obtained in the applicant’s home country and stamped in for the entire year. The mandatory health insurance rule is not just for new O-A visa applicants, but also for current O-A residents.
Requirements to apply for a Thailand LTR visa
To apply for a long-term resident visa in Thailand, you must meet the eligibility requirements. Applicants must be highly skilled professionals who are employed in government agencies or businesses in Thailand. They must also have at least five years of experience in their field. Moreover, you must have at least US$50,000 of medical insurance coverage. The visa is valid for 10 years and is valid for multiple entries.
For long-term visa holders, it is important to report to the Immigration Office their address at least once every 90 days. However, foreigners should not worry if they don’t know where to report their address because they can do it any time before their scheduled reporting date. It is better to report your address before the expiry date to avoid being charged with a fine. In case your address has changed, you must apply for a new one.
In addition to a valid passport, applicants must submit a bank statement from their home country indicating that they have at least three million Baht deposited in a Thai bank. In addition, they must prove that they have sufficient income, which should be 1.2 million Baht a year. The applicants must also provide a letter of verification from their home countries that they have no criminal record.