The Thailand Digital Nomad Visa, officially known as the Long Term Residence Visa, allows digital nomads, retirees with pensions, and wealthy investors to live in Thailand for up to 10 years.

Key details:

• 10-Year Residency: The visa allows you to stay in Thailand for an extended period.
• Lower Tax Rate: Instead of the possible 35% tax rate, digital nomads pay only 17% in taxes.
• Dependents: You can bring your spouse and up to four dependents on the visa.

Requirements

1. Valid Passport: Ensure your passport is valid for at least six months from the date of visa application.
2. Income Criteria:
   • Annual Income: You must meet one of the following income thresholds:
     • Earn $80,000/year for the last two years.
     • Hold a Master’s Degree and earned no less than $40,000/year for the last two years.
     • Have $1 Million in Financial Assets.
     • Be Retired with a stable income (like a pension) of $80,000/year if you’re over 50.
   • Work as a Remote Employee: You must work for at least three years at a publicly traded company or a company that generates at least $150 million in annual revenue.
3. Health Insurance: Obtain health insurance coverage with a minimum value of $50,000 in Thailand.

Eligibility

There don't seem to be any restrictions in terms of nationality, as long as you meet the above requirements, you can apply.

Application process

To apply for the Thailand Digital Nomad Visa, follow these steps:

1. Online Application:

   • Visit the official website: Thailand eVisa.
   • Complete the online application.
   • Upload the required supporting documents when requested.

2. Pay the Visa Fee:

   • Pay the visa fee online; 50,000 bhat, or $1,400.

3. Wait for Processing:

   • After submitting your application, wait for 3-5 days for it to be processed12.