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Can I obtain a DTV Visa in Thailand as a cryptocurrency trader?

DTV Visa Cryptocurrency Trading Visa Types Income Reporting Thailand Immigration Digital Assets Remote Work Taxation in Thailand

Nov 17, 2024

5 months ago

Anonymous *************

ORIGINAL POSTER

Is there anyone who got DTV Visa as   Cryptocurrency Trader?

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TLDR : Answer Summary

This discussion revolves around the possibility of obtaining a DTV Visa in Thailand for cryptocurrency traders. Various participants share their experiences and concerns about proving income derived from trading activities. Key points include the necessity of having verifiable income through bank statements or broker accounts and the distinction between assets and income. Some advise on alternative visa options, while others question the recognition of cryptocurrency trading as legitimate income for visa purposes.

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Todd *********

Nope

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Anita ********

Is that a legit business?

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Jacek *************

U have monthly statements with your broker and on bank accounts you can show any income if you have or revolut.

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Anonymous *************

ORIGINAL POSTER

@Jacek ************

Thank you

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Anonymous *************

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Benjamin *********

Your tax will be super higghhh

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Jirka ********

@Benjamin ********

you need should tax free residency 🤪

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Jirka ********

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Roger *********

I did, yes. Physically in Jakartam

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Reed **********

I would imagine a btc balance wont meet the banking requirement on its own anyway right

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Raphael ***********

@Reed *********

I would love if that would be an option 😂

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Roger *********

@Reed *********

Nope, funds must be in your bank. The amount of crypto you have isn’t the relevant part

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Reed **********

I already set everything up to show my checking or savings account but I figured this was a good detail to ask about for others reading threw this post

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Reed **********

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Dean ********

@Roger ********

do you have a company set up for your trading? Like what sort of structure did you approach them with?

I've been trying to figure out how to approach my own DTV application and would love to know how you did it.

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Tai **********

@Roger ********

nice 😊

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Anonymous *************

ORIGINAL POSTER

@Roger ********

thanks 🙏🏻

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Anonymous *************

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Tai **********

I enquired but I don’t think it’s possible, you can’t show income or your own business. Although I’m rich in digital world I can’t use it in the real world 🤣 but would love to hear from other people if they managed. I just asked an agent FYI didn’t go to deep into it as I ended up getting a business visa in the end.

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Thomas ********

You’re confusing assets with income. A change in trading account balance is not income. If you move money monthly to your business account and can show regular deposits, that’s income and they’ll allow it for DTV.

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Reed **********

remote workers working for their own company/llc IS allowed

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Da ****

just buy an elite visa if you are rich. easy solution

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Todd *********

yup. They are ‘rich’ until they actually think about it

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Tai **********

i’d rather not throw away money.

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Tai **********

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Anonymous *************

ORIGINAL POSTER

I am also worried about this. We have income and money but Most people don’t recognize them.

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Brian *********

Anonymous participant the Thai govt will want to see a real business with real income. If you can’t spend your digital

assets, they will wonder how you could support yourself

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Tai **********

@Brian ********

the thing is you can spend it, they even exchange crypto for THB here in exchange places. They are crypto friendly till a certain extend.

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John *****

you mean physical exchanges like tt etc change crypto for cash? If so which ones?

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Brian *********

but it isn’t a job and doesn’t generate income. And has low predictability

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Tai **********

@Brian ********

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John *******

probably declined because you used the s word

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Anonymous *************

ORIGINAL POSTER

@Brian ********

It is better if they allow trader to show trading performance and account statements.

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Anonymous *************

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