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Are you wealthy enough to be a Long-Term Resident in Thailand?
The LTR visa, often marketed as a 10-year visa, is actually a renewable 5-year visa. Initially, the visa allows a stay in Thailand for five years, and it can be extended for an additional five years if the necessary qualifications are still met.
Do you consider yourself to be rich? Respondents to Schwab’s 2021 Modern Wealth Survey said a net worth of $1.9 million qualifies a person as wealthy, but wealth is also for a great part in the eye of the beholder.
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Indeed, the annual Schwab survey found that respondents are lowering the bar for what they consider wealthy. Compared to 2021 standards, respondents to the 2020 survey described the threshold for wealth as being a net worth of $2.6 million.
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