Can I live in Thailand on a DTV without a local bank account?

Anonymous participant 104 this absolutely incorrect. A foreigner can be a director without having a work permit as long as they are not performing work in Thailand. There are many such directors. They don't even need a Non-B visa. I know quite a few myself and banks and government agencies have no problem accepting documents signed by them as director, nor to open a company bank account. Some of these directors have significant numbers of transactions and interactions with the government and banks every month for over a decade. I also know such directors for companies formed in just the past year. Same thing. No problem for the director to act on behalf of the company to execute documents, sign contracts, and do banking without needing a work permit or a Non-B visa. There is a distinction between what is allowed as a director function and what else is considered work.