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?
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TLDR : 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.
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
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
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.
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
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