To attract international talent and investors, the Thai government has created the Long-Term Resident (LTR) Visa. This program facilitates the settlement of foreigners wishing to live, work or invest in Thailand. It offers exclusive advantages in terms of taxation and work permits. This visa does, however, require you to take out expatriate insurance in Thailand. Here, we explain in detail the eligibility criteria, benefits and LTR Thailand visa insurance solutions to help you make your expatriation a success.
What is the LTR Visa for Thailand and who can benefit from it?
The LTR visa for Thailand is intended for several categories of foreigners. This visa has been designed to simplify life in Thailand and offer expatriates unique advantages. It will reduce administrative and tax barriers. If you’re planning to spend your retirement in the Land of Smiles, it’s essential to take out health insurance for Thailand. Otherwise, you won’t be able to meet the LTR visa criteria. It’s also important to note that retiree insurance in Thailand is compulsory for retirees. This guarantees access to the necessary medical care.
The main eligible groups include :
- Highly skilled professionals in sectors such as automotive, electronics, biotechnology, medical tourism, digital and the circular economy. Thailand is attracting specialized talent to support its economic modernization.
- Wealthy international citizens with a stable income who wish to establish a long-term residence.
- Retirees with substantial pensions and savings, who want to live in pleasant surroundings and enjoy a high quality of life.
- Remote workers or digital nomads who work for companies abroad but want to settle in Thailand.
With this visa, every expatriate profile can plan a long-term move to Thailand, benefiting from peace of mind and long-term advantages.
Why is health insurance mandatory for the LTR Visa?
Health insurance is a regulatory requirement for obtaining an LTR visa in Thailand. Its purpose is to ensure that expatriates have access to quality health care. It also helps avoid major medical expenses that could arise in the event of an emergency. Thailand therefore boasts a high-quality healthcare system. However, the cost of care, particularly in private facilities, can rise rapidly without adequate coverage. Health insurance in Thailand for expatriates offers several key advantages:
- Financial security: This covers unforeseen medical expenses. This protects visa holders against major expenses in the event of illness or accident.
- Access to quality care: With good health cover, you have access to emergency care, hospitalization, specialized treatment and even medical repatriation options if necessary.
With LTR Thailand visa insurance from Mondassur, you can benefit from comprehensive coverage to protect you from the unexpected. So you can enjoy peace of mind throughout your stay in Thailand.
What are the advantages of the LTR Visa in Thailand?
The LTR Visa offers a series of privileges that make life easier for expatriates and enable them to make the most of their experience in Thailand. Valid for ten years, this visa considerably reduces the frequency of renewals and includes a permanent work permit. It also includes a Fast Track service at airports, allowing priority passage and accelerated processing on arrival and departure. Another notable advantage is the possibility of submitting an annual report, instead of the quarterly reports required for other types of visa.
As well as making administrative life easier, the LTR visa allows you to work remotely thanks to the digital work permit. On the tax front, it offers a reduced rate of 17% for qualified professionals. It also offers an exemption on foreign income, making Thailand even more attractive to expatriates and investors.
Why choose Thailand for your expatriation?
Expatriating to Thailand offers many advantages, from quality of life to economic opportunities. As the second largest economy in ASEAN, Thailand is a major economic player in Southeast Asia. With a population of 66 million and a GDP of €490 billion, Thailand is an economic powerhouse. Thailand’s proximity to several major regional markets, such as Indonesia, Vietnam and Malaysia, gives it access to over 300 million consumers within a 1,000 km radius. This can be seen as a boon for foreign companies wishing to penetrate these markets.
With 15 free trade agreements covering 19 countries, Thailand offers opportunities for foreign investors in sectors such as automotive, aerospace, biotechnology and renewable energies. The country also boasts modern transport infrastructures and digital networks. This reinforces its position as an economic hub in Southeast Asia. Mondassur supports French companies and expatriates with tailored LTR Thailand visa insurance. We offer insurance policies to ensure optimum protection and acceptance of your LTR visa, for a worry-free stay.
Prepare your expatriation to Thailand with Mondassur
For a worry-free expatriation to Thailand, it’s essential to prepare your health insurance. With Mondassur, you can compare the options available and obtain coverage tailored to your profile. We can cover you for emergency treatment, hospitalization and repatriation. Our health insurance for expatriates protects you against the unexpected, guaranteeing you access to the best healthcare and peace of mind throughout your stay in Thailand.
Get a free quote now and benefit from our expertise for a safe stay in Thailand. With Mondassur, you can count on comprehensive health insurance to give you peace of mind during your expatriation, so you can concentrate fully on this new adventure.
