Can I Start a Business in Thailand on a DTV Visa?

Opening a Business on DTV, possible?

Hi everyone,

I’m planning to launch my own clothing brand, selling mainly to Europe and the US. The problem is that taxes in my home country are extremely high (even 60% of your money goes to the State and there’s no facilities for start ups…), so I’m considering doing this from Thailand. I usually come to Thailand on holiday every year and I absolutely would love to open something from here and stay here longer.

I’ve been looking into the DTV Visa, which allows me to stay in Thailand for 180 days, and I know it’s possible to pay for an extension to stay longer. My main question is: if I do this extension, can I actually pay taxes in Thailand instead of my home country? From what I understand, I risk paying double taxation if I don't first change my registered residence from my home country to Thailand. Does anyone here have experience about it?

I’ve also heard that there’s a rule where if you keep your business money in a foreign bank account (like Wise or PayPal) and don’t transfer it to a Thai account within the same year, it won’t be taxed. Is this correct?

Finally, would it make sense to open a remote LLC from Thailand for countries like Estonia or Hong Kong to manage my brand more efficiently, or is it better to handle everything locally?

I’d really appreciate any advice or experiences from people who have done something similar on DTV

Thanks a lot!