As reported by VisaGuide.World, the Thai government has decided to simplify the rules for obtaining long-term visas for foreign citizens. The new measures aim to attract wealthy individuals, skilled professionals, and digital nomads, encouraging them to relocate to the country. These changes were approved during a Cabinet meeting and include several significant relaxations.
The minimum annual income requirement has been abolished
One of the key innovations is the abolition of the minimum annual income requirement for professionals seeking long-term visas. Previously, applicants had to prove that their income for the past two years was at least €80,000 per year. However, as revealed by the Board of Investment (BOI), this requirement caused many potential candidates to be rejected, even though it was not a primary factor for visa issuance.
Reduced annual revenue threshold for companies
For digital nomads working remotely for foreign companies, the requirements have also been lowered. Companies whose employees plan to work from Thailand now need to have an annual revenue of at least €50 million over the past three years, instead of the previous €150 million. This change aims to make visa access easier for remote workers.
Family member limits lifted
Another important decision is the removal of the limitation on the number of family members that a visa holder can bring to Thailand. Previously, long-term visas were restricted to four family members, which complicated relocation for larger families.
As part of the reform, the Cabinet also decided to eliminate most types of Smart Visas, retaining only the visa for startup owners. This decision is explained by the fact that most Smart Visa conditions overlapped with those of long-term residence visas (LTR).
Thailand ranks second in the world in popularity among digital nomads, trailing only Mexico. According to Nation Thailand, the country accounts for 12% of all digital nomads who choose it for work and living. Among the most popular cities are Bangkok, Chiang Mai, and Koh Phangan.