Answered2 years ago

Is a Thai business registration sufficient for a new visa application and what are the financial requirements?

Thai Visa Application Business Registration Financial Requirements Visa Types Bank Account Opening Digital Nomad in Thailand

Michael ******************

asked Oct 27, 2024

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Hello and good day, the following situation: I have a business mental coaching and of course have a business registration. If I now want to apply for a new visa for Thailand, for example, is a copy of the business registration sufficient or does it have to be translated into English and certified by someone beforehand, or is this official business registration sufficient and the officials will accept it as it is?

In addition to this, the question is whether 30,000 Baht or 500,000 bht is required as a one-off deposit. I have heard that these 30,000 bahts per month also have to be proven through pensions, for example. Who has their information about this? Or do the officials there want to see proof of where the 30,000 bht came from?

Finally the question, who has experience with these visas to get a bank account in Thailand, is this recognized?

Otherwise, I wish all digital nomads here a lot of fun in Thailand, good business and always a diplomatic hand and sometimes I wish that the comments here weren't so ridiculous or that the whole thing was taken a bit more seriously. Thank you.

Answer summary

The user is inquiring about the sufficiency of a business registration for applying for a new visa in Thailand, questioning if it needs to be translated and certified. They also seek clarity on the financial deposit requirement for the visa, whether it's a one-time deposit of 30,000 or 500,000 Baht, and if proof of income is necessary. Additionally, they want to know if a bank account can be opened under such visa conditions.

9 repliesnewest first

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Greg ********

The financial requirements is for 500k lump sum..There is no option for a monthly income pathway like with say a O Visa based on Retirement. With that vida it is 800k THB in the bank as lump sum or 65k Per month income

2 years ago

Michael ******************

@Greg *******

ok thanks

2 years ago

Andi ***********

The DTV requires a balance of 500K THB can be shown as a one off or multiple deposits. Documents in English or Thai. Bank account is opened quickest via an agent, can be done yourself but can require a lot of walking to find a bank that will say yes.

2 years ago

Michael ******************

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

thanks

2 years ago

Michael ******************

At least it might make the search easier? Which agents can you recommend in Bangkok?

In any case, the 1st bank has already confirmed that they don't do it like that 🙂 Dear Mr. Michael , We sincerely apologize for any inconvenience, currently the DTV could not be used to open an account with us. The Visa type that could open an account with us are Non-Immigrant Visa or Long stay, retirement Visa and Education Visa.

If you have any queries, please do not hesitate to contact our Krungthai Contact Center at 02-

*****

11, 24 hours everyday.

For more information and benefits, please kindly visit our Website or via application Line@Krungthai Connext Sincerely yours, Krungthai Contact Center KrungThai Bank PCL.

2 years ago

Michael ******************

Thanks again 🙂

2 years ago

Andi ***********

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

with banks you are better to visit in person, one branch may say no but the branch down the road says yes. Pattaya agents charge 3500-5000THB, Bangkok around 6-10,000 THB

2 years ago

Michael ******************

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

Yes, thank you very much again, I have to grin a little because deep down I know, of course, that once you understand the system in Thailand, how the money works and how you can get certain things more easily, then that of course confirms your answers, but you know that yourself, it's not a bad thing, it's fine with me, it's better if you know the way straight away so you can avoid a lot of detours, that's what I was trying to do, I simply wrote to the banks myself and now I'll wait and see what answers they get and then I'll write to the others to see what fees they charge, or do you perhaps know that too?😉😇☺️

2 years ago

Andi ***********

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

Yes, you will get many rejections doing it yourself as many posts highlight. You can try Siam Legal in Bangkok, a law firm who do assist with bank account openings. Thaikru help long term visa holders open accounts in Bangkok. Others I know are based in Pattaya but many Bangkokians open accounts with them, Tik Tok or FS Consulting.

2 years ago