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Can I obtain a DTV Visa in Thailand as a cryptocurrency trader?
DTV VisaCryptocurrency TradingVisa TypesIncome ReportingThailand ImmigrationDigital AssetsRemote WorkTaxation in Thailand
Nov 17, 2024
a year ago
Anonymous *************
ORIGINAL POSTERIs there anyone who got DTV Visa as Cryptocurrency Trader?
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.
DTV VISA RESOURCES / SERVICES
- Take the basic DTV Qualification Test to see if you're eligible for the Destination Thailand Visa (DTV).
- For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
- Explore recent discussions by using the DTV Visa tag in the search box at the top of the page.
- Join the Thai Visa Advice Facebook Group to ask your questions, and get advice from others.
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Todd *********
Nope
Anita ********
Is that a legit business?
Jacek *************
U have monthly statements with your broker and on bank accounts you can show any income if you have or revolut.
Anonymous *************
ORIGINAL POSTER@Jacek ************
Thank youReply to
Anonymous *************
Reply
Benjamin *********
Your tax will be super higghhh
Jirka ********
@Benjamin ********
you need should tax free residency 🤪Reply to
Jirka ********
Reply
Roger *********
I did, yes. Physically in Jakartam
Reed **********
I would imagine a btc balance wont meet the banking requirement on its own anyway right
Raphael ***********
@Reed *********
I would love if that would be an option 😂Roger *********
@Reed *********
Nope, funds must be in your bank. The amount of crypto you have isn’t the relevant partReed **********
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
Reply to
Reed **********
Reply
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.
Tai **********
@Roger ********
nice 😊Anonymous *************
ORIGINAL POSTER@Roger ********
thanks 🙏🏻Reply to
Anonymous *************
Reply
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.
Thomas ********
@Tai *********
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.Reed **********
@Tai *********
remote workers working for their own company/llc IS allowedDa ****
@Tai *********
just buy an elite visa if you are rich. easy solutionTodd *********
@Da ***
yup. They are ‘rich’ until they actually think about itTai **********
@Da ***
i’d rather not throw away money.Reply to
Tai **********
Reply
Anonymous *************
ORIGINAL POSTER@Tai *********
I am also worried about this. We have income and money but Most people don’t recognize them.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
assets, they will wonder how you could support yourself
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.John *****
@Tai *********
you mean physical exchanges like tt etc change crypto for cash? If so which ones?Brian *********
@Tai *********
but it isn’t a job and doesn’t generate income. And has low predictabilityJohn *******
@Tai *********
probably declined because you used the s wordAnonymous *************
ORIGINAL POSTER@Brian ********
It is better if they allow trader to show trading performance and account statements.Reply to
Anonymous *************
Reply
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