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BOI, LTR and SMART: the visa routes that come with work rights

Facts verified · 2026-07-11

Three BOI-linked routes bypass the standard Non-B grind. The Long-Term Resident (LTR) visa is a 10-year visa (issued 5+5) with a digital work permit, annual reporting instead of 90-day reports, fast-track airport service, exemption from the 4-Thai-employees-per-foreigner ratio, and — for the Highly-Skilled Professional category — a 17% flat personal income tax rate. Its four categories, per BOI's LTR portal: Wealthy Global Citizens (USD 1 million in assets plus USD 500,000 invested in Thai bonds, companies or property); Wealthy Pensioners (50+, USD 80,000 passive income, or USD 40,000 plus USD 250,000 invested in Thailand); Work-from-Thailand Professionals (remote employees of a listed company or a private company at least 3 years old with USD 50 million-plus revenue, earning USD 80,000, or USD 40,000 with a relevant master's degree); and Highly-Skilled Professionals in targeted industries. All need health insurance of USD 50,000 or a USD 100,000 deposit. The 10-year visa costs 50,000 baht; the digital work permit 3,000 baht per year; qualification endorsement takes about 20 working days.

The SMART visa programme now effectively serves startups only: BOI's SMART portal presents SMART S (founders holding at least 25% or a director role in a certified targeted-industry startup, with a 600,000-baht deposit; issued in tranches of up to 2 years and renewable, and SMART visa holders are granted a maximum 4-year permission to stay, with no separate work permit needed) and SMART O for dependants. Finally, companies holding BOI investment promotion bring in foreign experts through the One Stop Service Center with expedited visas and permits, and a promoted foreign company takes an FBA section 12 certificate instead of a Foreign Business Licence.

Legal basis

Foreign Business Act B.E. 2542 (1999), s. 12; Investment Promotion Act B.E. 2520 (1977) framework; LTR and SMART visa schemes per Cabinet-approved BOI/Immigration announcements

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LTR criteria were relaxed in 2025 (income floors and employer-revenue thresholds changed) and the former SMART T/I/E categories no longer appear as open tracks — check ltr.boi.go.th and smart-visa.boi.go.th for the current rules before planning around either.

ltr visasmart visaboiwork permitdigital nomad17% tax

General information, not legal advice. Laws and practice change; for a decision that matters, confirm with the authority named in the sources or a licensed professional.

BOI, LTR and SMART: the visa routes that come with work rights · Thaissistant