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Answered6 months ago

Is having over 500,000 THB in my business account sufficient for my workcation visa application?

Optimistic**********
asked May 9, 2026
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I’ve applied for workcation from HCM (now waiting after submitting some additional documents they requested). My situation is the following: for the last 6 months I’ve had more than the amount of 500,000TBH on my business bank account but as I worked less last year (did a sabbatical but supported one client with some minor income) I wasn’t accumulating much. Now in March I got a bigger payment from a client almost doubling the amount. So this should be fine?? I provided 6m corporate bank account statements highlighting the payments from clients, added invoices and client agreements.

I also have a substantial amount of savings on my personal bank accounts, for which I also provided bank statements of 6m.

I have a small LTD, I’m the owner of the business and I don’t pay myself a salary. Typically I let my business earnings grow for a year or two and then pay them off as dividends and then live off that money from my savings account (while working and keeping earnings in the business account).

I initially thought this would be completely ok but I’m starting to have doubts now. The business bank account is NOT on my name, it’s on the name of the business which I am the founder and owner of, and I’ve also submitted an official document stating this.

What else can I do to show that everything is legitimate? To me this all seems pretty normal for business owners.

I have also explained that my business is fully remote (added a document explaining my business, mission, vision, clients, client recommendations and my LinkedIn profile) and I’ve been self employed for 5 years.
Answer summary
The individual has applied for a workcation visa from HCM and is awaiting a response after submitting additional documentation. They have maintained a balance over 500,000 THB in their business account for the past 6 months and have provided relevant bank statements, invoices, and client agreements to support their application. However, they have concerns due to the fact that their business account is under the company's name and they do not pay themselves a salary. They are seeking advice on whether their financial situation meets the visa requirements and what further documentation might be needed to establish legitimacy.
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John **********
John **********
As long as you had more than 500k baht in your personal account you should be OK

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