Answereda year ago
Can an investment account be used to prove the 500k baht requirement for a DTV in Thailand, and will I be taxed?
DTV says need 500k Thai baht for 3 months in bank account with statements. I don’t usually keep much in there. Will an investment account work to prove 500k?
Also, Will I be subject to Thai taxes on a DTV?
Also, Will I be subject to Thai taxes on a DTV?
Answer summary
To successfully apply for a Digital Nomad Visa (DTV) in Thailand, you must prove you have at least 500,000 Thai Baht in liquid assets, specifically in a checking or savings account. Investment accounts do not meet this requirement, as they are not considered liquid. Furthermore, if you earn income while in Thailand, you may be liable for taxes depending on your specific circumstances, including the source of your income and any tax treaties in place.
19 repliesnewest first
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Jeremy ********
One of the reasons they want to see the ฿500k in a regular bank acct is because the immigration/govt wants to make sure you can support yourself for the duration of the contract
Pete *******
You may or may not be subject to Thai taxes on a DTV. Depends on your personal circumstances which you haven’t explained so no one can answer you.
Bob **********
No
Anna *********
No
Cliff *********
Follow the rules exactly if you want the DTV.
Otherwise you will waste your money ….
Otherwise you will waste your money ….
Jesper *******
Move your $$ in the investment acct to a saving acct and apply for DTV and after approval just move it back
Roberto *********
Money has to be in an "at-call" account. If you bring in assessable income you will be liable for tax. Whether you pay tax depends on source of money, tax already paid and any concessions under your respective DTA
Aaron ***********
OP@Roberto ********
you mean income already taxed in your home country that I take from an ATM in Thailand would be exposed to taxation again?Roberto *********
@Aaron **********
It would be "liable" if you're a Thai Tax Resident. However liable to taxation and actually being taxed are two different things and are subject to your own specific situation.Aaron ***********
OP@Roberto ********
interesting. I am a self employed insurance broker w an S Corp. I don’t know if those are the deets needed to make that determination. Though, I do not plan to remain in Thailand longer than 3 or 4 months consecutively
Frangipani *******
@Aaron **********
Yes. It does depend on your individual circumstances though so you will need to see Thai based accountant to discuss.
Graham ******
@Roberto ********
and the total number of days stayed in Thailand during the tax yearRoberto *********
@Graham *****
Correct. 180 days before anyone even enters the "tax zone"!
Greg ********
No. They are super strict
Pertti *************
@Greg *******
Exactly... Maybe more than half of those who have a DTV visa have probably edited those bank statements or had an agent do them for the client🤡
David **********
No, it has to be liquid as in checking or savings.
Mary **********
They did not accept my investment account. Needs to be an individual savings account
Aaron ***********
OP@Mary *********
are you suggesting a sufficient checking account balance would not be acceptable?Mary **********
@Aaron **********
when we did ours the embassy did not like our brokerage account and wated the money in individual savings accounts.Activity
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