Do I need to hold 500,000+ baht in my bank account before applying for a Digital Nomad Visa (DTV) in Thailand?

@Andi **********

pretty sure 500k seems like the straight forward way! thanks for all your help. id just love to know for sure re sponsorship :)

@Wannikea ********

oh don't worry they certainly are not likely to ever be tapped out. they are having a lovely time yachting while I make their AI work. The both of your sentences contradict each other. Are they rules or random conflicting blind assumptions? but you are literally in a clown suit so...

@Andi **********

I think I do legit fall in the sponsor category. Clients sponsor me to work on my projects because they believe in my work that they benefit in the long term. I dont get set rates, I literally am sponsored. Here's what GPT is saying:

[Sponsor's Full Name]

[Sponsor's Address]

[Sponsor's Phone Number]

[Sponsor's Email Address]

[Date]

To Whom It May Concern:

I am writing to confirm that I, [Sponsor's Full Name], have been financially supporting [Your Full Name] and will continue to do so throughout their stay in Thailand under the Destination Thailand Visa (DTV) program. As [Your Name]'s sponsor, I am committed to covering all living expenses, including accommodation, food, transportation, and other necessary financial needs during their time in Thailand.

I have been providing this support to [Your Name] on an ongoing basis, as documented in the attached financial records, and am committed to maintaining this support for the duration of their stay in Thailand. My financial status allows me to fully support them, and I have provided recent bank statements and proof of my income as evidence of my capacity to fulfill this responsibility.

Sponsor Details:

Name: [Sponsor's Full Name]

Relationship to Applicant: [e.g., Friend, Employer, Family Member]

Occupation: [Sponsor's Occupation]

Monthly Income: [Amount]

Current Bank Balance (if relevant): [Amount]

Applicant Details:

Name: [Your Full Name]

Passport Number: [Your Passport Number]

Date of Birth: [Your Date of Birth]

I affirm my ongoing commitment to sponsor [Your Name] financially during their stay in Thailand, ensuring they meet all necessary expenses as required by the DTV regulations. Please feel free to contact me if further information or clarification is needed regarding this sponsorship.

Thank you for your consideration.

Sincerely,

[Signature (if submitting a hard copy)]

[Sponsor's Full Name]

@James *******

ie between the client and the freelancer? a long trail of money being sent each week? and extras labelled laptop, work supplies, flights, etc. do you mean in that way? Well ill go on a trip to Savannakhet in person and report back. it can be a little fact finding mini break!

@James *******

Do you think I could be a first? Maybe in cambodia? I meet the part, I am actually legitimately sponsored by

@Michael **********

as a remote quant programmer.

@Andi **********

Any sponsorship lettere examples knocking around? my clients happy to do that for me. Would it like literally be 'I named person sponsor' here is the backingd docs, proofs, x,y,z?

I am quite literally a sponsored remote coder, but like James Miller says above, no one so far has obtained the visa via sponsorship (or not any anecdotal i can find)

One final question, what is a sponsorship letter? does that mean a millionaire client can just write a letter saying they sponsor my life? would that require me having 500k baht balance locked in for a while or the sponsor?

I do have to go to KL, but not necessarily for the visa, I'll have a look into JK and Cambodia, thanks a lot Andi