Quick question with the dtv do you need to have an income ? Why if your quitting work and have plenty money to last you the 5 years . Or is it better to have an income coming in ?
Answer summary
The requirement for an income when applying for the Digital Nomad Visa (DTV) in Thailand varies. While having an income can strengthen your application and assure immigration officers of your financial stability, it is not strictly required if you have substantial savings. Applicants can demonstrate their ability to support themselves through a solid bank balance or other financial means. Some users mentioned that they successfully obtained the visa with sufficient funds rather than a regular income.
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You are asking about the application process (income proof to embassy) Or just general question about living expenses in thailand....if your monthly spending is 50k baht i think u need at least 3mil baht to last that 5yrs ....and if you don't have that it will be better to have a income from overseas
Sorry for the question, I don't want to get into details, but based on what monthly income did you calculate your ability to live in Thailand? I'm just asking for myself; I want to understand roughly how much I need to put aside.
If you are applying under one of the soft power options then you can be asked to show how you will support yourself for the 5 year duration of the visa. If you have substantial savings you can show that surely? For workation show work income
managing a wealth portfolio is a full time job, although if your portfolio is less than $2m USD (which I assume is the case if they only have a 5 year runway), the amount of time managing it is minimal.
It's not required but obviously the officers need to make sure you won't work illegally in the country. It's the same everywhere in the world, not just Thailand