Q&A Legal & Financial 3w ago
Is the LTR another failed visa scheme?
I've been following the Long-Term Residency (LTR) visa scheme, and I'm wondering if it's another failed attempt to attract wealthy or talented foreigners to Thailand. They initially claimed it would attract one million holders within 5 years, but by May 2025, they had only attracted 6,000 holders. They then lowered the requirements and removed overlapping parts of the SMART visa scheme, which brought the total to 12,000 holders. Considering they got only 1.2% of the projected visa holders in 4 years, should this be viewed as yet another failed visa scheme?