Non-Immigrant O-X (Long stay)
Note that this visa is only available for citizens of: Japan, Australia, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Switzerland, Sweden, Great Britain and Northern Ireland, Canada and the United States of America.
You must make a deposit of at least THB3,000,000 in a Thai Bank, or a combination of a THB1,800,000 bank deposit and annual income of not less than THB1,200,000. The bank deposit must be kept for one year; after that the amount to be kept may be reduced to THB1,500,000, under certain conditions.
This visa is individual and does not include dependents. If your spouse does not fulfill the requirements to apply for the same visa, he or she may apply for a Non-immigrant O-A (long stay) or a Non-immigrant O visa (short stay).
Note that any foreign-national staying in Thailand without a permanent residency must report his or her stay every 90 days at any Office of the Immigration Bureau or Police station.
This visa does not entitle you to work in Thailand, nor qualifies for permanent residency.
- Be over 50 years old.
- A copy of bank statement showing a deposit of the amount equal to and not less than THB 3,000,000 or an income certificate (an original copy) with a annual income of not less than THB 1,200,000, and bank statement showing a deposit account of not less than THB 1,800,000.
- A letter of guarantee from the bank (an original copy) is required.
- A letter of verification issued from the country of your nationality or residence stating that you do not have criminal record (verification shall be valid for not more than three months and should be notarized by notary organs or the applicant’s diplomatic or consular mission).
- A medical certificate issued from the country where the application is submitted, showing no prohibitive diseases as indicated in the Ministerial Regulation No.14 (B.E. 2535) (certificate shall be valid for not more than three months and should be notarized by notary organs or the applicant’s diplomatic or consular mission).
- In the case where the accompanying spouse is not eligible to apply for the Category ‘O-X’ visa, he or she will be considered for under Category ‘O’ or ‘O-A’ visas.
- Evidence of Health insurance provided by Thai company.
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 and photocopy of passport
- Proof of income
- Bank Statement
- Original Police Clearance Certificate
- Three passport-size photos
- Evidence of Health Insurance
- dual citizenship No
- Family members included No
- land ownership No
- Physical residence required No
- Personal visit required No
- Language skills required No
- Interview required No
- Investment Single ฿3,000,000
- Investment Family 4 -
- Minimum annual income -
- Time to citizenship
- Time to permanent residency
- Visa-free countries 76
- Financing available No
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