Hey guys just going through the processes required for my visa including putting 400,000฿ into a Thai bank account.
Just wondering if that amount can be used during the year or do I need to maintain that amount regardless of what I use?
Also will they try to tax me on this amount that I deposit?
Lastly can you recommend a bank in Thailand?
Thanks in advance.
TLDR : Answer Summary
The 400,000฿ requirement for maintaining funds in a Thai bank account may depend on the type of visa you are applying for, specifically the Non-O visa for marriage. Recent discussions suggest that this requirement can vary: while some assert it is no longer needed after the application or during the consideration period, others emphasize that it must be maintained a couple of months before and after applying. Additionally, taxation on funds brought into Thailand is generally not applicable if you are not earning income locally. For banking, recommended choices include Citi Bank, Krungsri, and Kasikorn Bank for expats.
NON-O RETIREMENT VISA RESOURCES / SERVICES
- Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
- For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
- Explore recent discussions by using the Non-O Retirement 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.