I've been coming to Thailand for 2 or 3 weeks holiday each year for more than 20 years - I run my own business back in Australia so always need to work a few hours each day when I'm here. I have downsized my business significantly so it can be managed remotely and now only work up to 10 hours per week. I intend spending much more time in Thailand in the coming years so am looking at DTV. With showing 500kTHB is it acceptable to show that (more than) in share holdings or does it have to be a bank account?
Also, is it OK to have a combination of income and bank account similar to what can be done with retirement visa? Thanks all for any advice.
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TLDR : Answer Summary
A user seeking to spend more time in Thailand is considering the Digital Nomad Visa (DTV) and inquiring whether they can show shareholdings instead of cash in a bank account to meet the financial requirement of 500,000 THB. Responses indicate that the requirement is for funds to be in an accessible bank account, and a combination of income and bank account balance may not be applicable like in the retirement visa scenario. It's advised to provide documents proving remote work if necessary.
work for me is with Australian companies back in Australia and pretty much just acknowledging emails and delegating to different people back in Australia
Has to be a bank account mate… as you would know the share market could go to zero tomorrow.
I applied out of Aus and just sold my shares for a week , deposited the money into commbank , got a proof of balance statement , then brought shares again.
It’s not the most productive thing but it’s doable
And as far as income / bank similar to retirement visa it’s not the same.
To be honest there is actually no income requirements for the DtV only the 500k , but you may have to show bank statements to prove your actual working.
For me I used
- employment contract
-proof of balance.
- and a letter from my employer stating I can work remotely in south east Asia
Anonymous participant no worries mate , I do feel as though there is people in this group that will say things that are not quite accurate or true ( it may be translation issues from there language) but you will probably find the actual truth is they may of had it in a fixed term deposit or something and called it and “investment account”
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