Shelter Umbrella Partnership Program (Business visa)
If you meet a certain criteria, you may apply for the Shelter Umbrella Partnership Program.
Under this program, you will get a business visa and a work permit for one year, renewable.
You must work in software development, design, or other online, tech/digital-related activity and invoice a minimum of US$2,500 per month.
You will invoice through Shelter, and you will receive back 70% of the total invoiced. The other 30% will cover your administrative services, expenses, local taxes and social security payments.
The business visa is personal, your spouse and/or children can apply for a Non-Immigrant O Visa (short stay), tied to your Non-Immigrant visa.
Once you hold 3 consecutive 1-year visa extensions, tied to the same work permit, you may apply for permanent residency. You must have a monthly income of THB80,000, earned in Thailand, (THB30,000 if married with a Thai Spouse for 5 years) or invest a minimum of THB3-10,000,000 in Thailand, and attend an interview, where you must demonstrate knowledge of the Thai language.
The permanent residence permit will allow you to stay in Thailand indefinitely without needing a visa. However, a re-entry permit must be applied to leave Thailand, otherwise your PR may be cancelled.
With the permanent residence permit, you will still need a work permit to work in Thailand.
After holding a PR status in Thailand for 10 consecutive years, you may be eligible for citizenship.
- Be at least 22 years old
- Work in software development, design, or other online, tech / digital-related activity
- Have a relevant university degree, plus two years' experience in your field, or at least five years' total experience
- Have an existing company / client base or ability to find your own clients
- Bill a minimum of $2,500 USD per month
- Ability to commit to a one-year contract.
No nationality is officially restricted
Dual citizenship is not recognized in Thailand. To become a citizen of Thailand, you must renounce your previous nationality.
- Original Professional Reference Letter (Not older than 6 month)
- University diploma
- Professional and academic certificates
- Eight passport-size photos
- Original and photocopy of passport
- dual citizenship No
- Family members included Yes
- land ownership No
- Physical residence required Yes
- Personal visit required Yes
- Language skills required No
- Interview required No
- Investment Single -
- Investment Family 4 -
- Minimum annual income $30,000
- Time to citizenship 156
- Time to permanent residency 36
- Visa-free countries 76
- Financing available Yes
permanent residency benefits
temporary residency benefits
Thailand is inhabited by 68 million people, of which more than a half live in rural areas. Its capital and most populated city is Bangkok (also known as Krung Thep Mahanakon), with over 8 million inhabitants, and 14.5 million including the whole metropolitan area. Its official language is Thai, although there are several regional languages and dialects. Its official currency is the Thai Baht (THB).
Visa Free Travel
To be a tax-resident in Thailand you must spend at least 180 days in a calendar year in the country.
Tax residents are subject to personal income tax on their income derived from Thailand and their foreign-source income remitted to Thailand in the year in which it is accrued. Income earned outside Thailand remitted after 1 year is tax-exempt.
Non-residents are subject to income tax on their Thai-source income.
Personal income tax is progressive at rates up to 35% for annual income exceeding THB5,000,000. Expatriates working on companies under certain tax incentive regimes (Regional Operating Headquarters (ROH), International Headquarters (IHQ), and International Trade Centers, ITC) may be entitled to be taxed at a 15% flat rate.
Dividends and interest are subject to a final withholding tax of 10% and 15%, respectively.
Capital gains are treated as ordinary income. However, those obtained from the sale of securities listed on the Stock Exchange of Thailand or any other ASEAN stock exchange are tax exempt, though certain exceptions may apply.
Thailand does not have controlled foreign companies (CFC) regulations, so profits retained in foreign entities owned by tax-residents may not be attributable.
A 12.5% real property tax is levied annually on the rental value of the property. Inheritances over THB100,000,000 are taxed at a 10% rate, though reductions may apply under certain circumstances. A gift tax applies on donations of assets exceeding THB20,000,000 (10 million in the case that recipient is not a descendant, ascendant or spouse).
There are no taxes on net wealth in Thailand.
The V.A.T. standard rate is 10%, reduced to 7% until 30 September 2019).
Regarding corporate taxation, resident entities are taxed on their worldwide income at a 20% rate. SMEs may be subject to lower progressive rates, provided that paid-in capital and net taxable profits do not exceed certain amounts.
Entities approved by the Board of Investment may have tax holidays up to 8 years. Companies under The International Headquarters (IHQ) and International Trade Center (ITC) regimes may be exempted from CIT for up to 15 years, among other tax incentives.
To learn more about Thai corporate taxation, legal framework and tax treaties, check out incorporations.io/thailand.
This should not be construed as tax advice. We have access to a global network of qualified attorneys and accountants who can give you the proper advice for your particular circumstances. Contact us for further information.
- Property tax Yes
- Transfer tax Yes
- Inheritance tax No
- Net worth tax No
- CFC law No
- Tax residency days 180
- Personal income tax rate 35%
- Capital Gains tax rate 35%
- Investment income tax rate 15%
- Territorial taxation Yes