Indonesia Golden Visa vs Thailand Long-Term Resident (LTR) Visa
A factual side-by-side comparison of two residency programmes. All figures are drawn from the canonical program pages — follow either link in the table header for sources and the full profile.
Key Differences at a Glance
- ›Thailand Long-Term Resident (LTR) Visa is faster: 1 months vs 2 months for Indonesia Golden Visa.
- ›Lower capital: Thailand Long-Term Resident (LTR) Visa (250,000 USD) vs 350,000 for Indonesia Golden Visa.
- ›Thailand Long-Term Resident (LTR) Visa uses territorial taxation; Indonesia Golden Visa taxes worldwide income.
Indonesia Golden Visa Indonesia · investment | Thailand Long-Term Resident (LTR) Visa Thailand · passive income | |
|---|---|---|
| Country | Indonesia | Thailand |
| Category | Investment | Passive Income |
| Application Fee | $500 | $1,400 |
| Minimum Income | — | $3,330 /mo |
| Minimum Investment | $350,000 | $250,000 |
| Processing Time | 2 months | 1 months |
| Family Included | Spouse and dependent children up to 18 years old may be included as dependants at no additional investment requirement | Up to 4 family members (spouse and dependents) included at no additional investment; each receives a 10-year LTR visa |
| Path to PR | No | No |
| Path to Citizenship | No | No |
| Physical Presence | No minimum annual stay requirement; visa is valid for multiple entries throughout the 5 or 10-year period | No minimum stay requirement; must re-enter Thailand at least once per year |
| Dual Citizenship | Not allowed | Not allowed |
| Tax Impact | Staying more than 183 days per year triggers Indonesian tax residency on worldwide income; those spending less time may benefit from Indonesia's territorial-style treatment of non-resident income | LTR visa holders working remotely for overseas employers are exempt from Thai personal income tax on foreign-sourced income. Those in the Wealthy Global Citizen or Wealthy Pensioner categories are taxed only on income remitted to Thailand. |
| Tax Residency Trigger | 183 days/yr | 180 days/yr |
| Worldwide Taxation | Yes | Territorial |
| Renewal Cost | $500 | $1,400 |
About Indonesia Golden Visa
Indonesia launched its Golden Visa programme in 2024 to attract high-net-worth individuals, investors, and global talent with 5 or 10-year stay permits granted in exchange for qualifying investments. Individual investors must place a minimum of $350,000 USD in Indonesian government bonds, stocks, or business ventures; company founders and directors face higher thresholds. The programme signals Indonesia's growing ambition to position Bali and other regions as world-class international lifestyle and business destinations.
Full Indonesia Golden Visa profile →About Thailand Long-Term Resident (LTR) Visa
Thailand's Long-Term Resident (LTR) visa is a 10-year, renewable visa with four sub-categories targeting wealthy retirees, high-net-worth individuals, remote workers, and skilled professionals in targeted industries. It offers significant tax benefits and a streamlined one-stop government service.
Full Thailand Long-Term Resident (LTR) Visa profile →Gotchas to Watch For
Indonesia Golden Visa
- ⚠The USD 350,000 or USD 700,000 is placed in a Bank Indonesia instrument — it earns a modest return but is NOT freely accessible; confirm withdrawal/repatriation conditions before committing
- ⚠Indonesia does not permit dual citizenship for adults — Golden Visa does NOT confer citizenship rights but naturalisation requires renouncing prior citizenship
- ⚠BPJS Kesehatan enrollment is mandatory for KITAS holders — enroll promptly or face compliance issues
- ⚠The Golden Visa launched August 2023 and implementing regulations are still evolving — some aspects of the BI deposit process have changed since launch; verify current procedures with an Indonesian immigration lawyer
- ⚠Indonesia's tax system is complex; the 4-year territorial exemption under the Omnibus Law is valuable but requires formal election — consult an Indonesian tax lawyer before filing your first return
- ⚠KITAS/KITAP must be maintained via annual reporting to immigration — failing to report leads to overstay fines even if the Golden Visa is technically valid
- ⚠Foreigners cannot own Indonesian land (freehold); property investment for SIRV purposes is through leasehold or other structures — verify permitted investment types with BKPM
Thailand Long-Term Resident (LTR) Visa
- ⚠CRITICAL — 2024 tax rule change: foreign income remitted to Thailand in the same tax year is now taxable (180+ day residents). Pre-2024 loophole of delaying remittance to next year closed.
- ⚠LTR does NOT lead to Thai Permanent Residency or citizenship — it is a pure long-stay visa
- ⚠Work Permit privilege covers work for foreign companies only; working for Thai employer needs separate BOI work permit endorsement
- ⚠Spouse and children (under 20) can be added as LTR dependents — each requires same health insurance coverage
- ⚠90-day reporting to Immigration required (online possible via TM90 app)
- ⚠THB 50,000 fee is per applicant — dependents pay reduced rate
Neutral reference — we don't recommend one programme over another. Programmes change: always verify each detail against the official source linked on the individual program pages.