Let’s cover the 2nd of our long term stay. Visas, and this is called Thailand privilege. Now, some of you may know this as Thailand Elite. I think about a year ago, they rebranded, became much more focused on their points reward program. They also increase the price of the visa, but this basically offers you. A super tourist visa that allows you to stay in Thailand for 5, 10, or 15 years.
It’s really directed towards successful world travelers and their families. You do get concierge service, including beginning right at the airport where you’re met at the gate, wished away to your hotel. And it’s probably the most convenient of all of the visas in terms of dealing with a dedicated group of people at Thailand Privilege who will try to make your stay here as easy and rewarding as possible.
Now, we are authorized Thailand Privilege agents and Tea is one of the members of that team. So Tea, why don’t we go into some of the benefits? Unlike the DTV under the Privileged Visa, you never have to leave for the whole duration of the visa, 15 years. And the application process is very straightforward.
There’s no income or deposit requirements. This is basically only your passport. This visa offers a VIP treatment with a point program that you can use to buy services and privileges. And those points, by the way, are granted every year. You can’t carry over unused points, but every year that you’re in the program, you’ll get additional points for things like dining and air travel and all of that.
Okay, so who is this for, Tea? So this visa is designed for successful individuals and their family. It is perfect if you’re not qualified for other type of visa, because as I mentioned you only need your passport to apply for it. And this visa also allows you to work remotely from Thailand.
Technically, anytime you’re working in Thailand, whether that’s remotely or earning money in Thailand, you need a work permit. The DTV visa, one of the categories of LTR visa, and the Thailand privilege all expressly allow you to flip open your laptop and work remotely from Thailand. Okay, let’s go to the next slide Let’s just get into the qualifications.
This is basically you’re paying for your stay here. And the visa cost is 900,000 Thai Baht for a five year visa. That works out to about $5,000 a year. If you compare that to the cost of living if you’re coming from a large western city. The cost of living here is a lot less than it is over there.
So it’ll probably make up for the cost of the visa within a few months. There was an application fee. You may have heard of a 50,000 that was applied to the cost of the visa that has been waived. For the remainder of 2024, your visa history matters. If you had a history of overstaying a visa in the past, good idea never to do that.
That may cause you to be denied. And also, if you’ve held an ED visa in the past, you may have to provide additional information. There isn’t a path to permanent residency here. However, During the term of your visa, whether it’s 5, 10, or 15 years, you can truly make Thailand home. You don’t need to leave at any time.
You can open a bank account and you can really enjoy everything that the kingdom has to offer. Okay,