Hi, I'm planning to apply for the DTV in Thailand next year. My current situation is that I am self-employed with my Italian company, but I'm looking to transition to a US LLC in order to be able to live and work in Thailand legally, as it is not allowed to have both tax residency in Thailand and a VAT number in Italy at the same time.
My question is: If I create the LLC but don’t have a substantial “background” with it (since I'm creating for the purpose of relocating), is it still acceptable for the DTV application? I do have a business background in Italy with my VAT number, but I need to make this change to comply with the regulations.
I would appreciate any insights or advice on how this thing might affect my application.
Thank you in advance!
TLDR : Answer Summary
The user is considering applying for a Digital Nomad Visa (DTV) in Thailand after transitioning from an Italian VAT-registered business to a newly formed US LLC. They are concerned about whether the lack of a substantial background with the new LLC might affect their DTV application, given the need to comply with regulations that prohibit simultaneous tax residency in Thailand and a VAT number in Italy. Responses suggest that it may be possible to apply with the Italian company initially while setting up the LLC, as tax residency and compliance issues can take time to sort out.
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