Has anyone had direct experience of wanting to retire to Thailand but with ongoing royalties from book sales?
Answer summary
The discussion addresses the viability of retiring in Thailand while receiving ongoing royalties from book sales. Various comments clarify that as long as income taxes are paid in the individual's home country, it should not be an issue. For those over 50 with a passive income exceeding USD $80,000 per year, the LTR-P E-Visa is recommended. Alternatively, retirees can start with an O visa, which can later be extended based on monthly deposits or income from outside Thailand. Overall, it appears that ongoing royalties do not hinder the ability to obtain a retirement visa.
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Paul **********
It shouldn't make any difference, your income is from overseas, not thailand. Just get the retirement visa and that's it. Being a retiree in Thailand doesn't mean you cant have stuff going on at home, if you are still writing while here, that is different
if it is at least USD $80,000.- Dollars per year, then highly recommend to apply for the LTR–P E–Visa/Visa for Wealthy Pensioners as Royalties are Passive income and if over $80k Dollars per year, and over age 50 years old, then the 10 Year LTR–P E–Visa/Visa is very straightforward
Susanne Mulholland if it is at least USD $80,000.- Dollars per year, then highly recommend to apply for the LTR–P E–Visa/Visa for Wealthy Pensioners as Royalties are Passive income and if over $80k Dollars per year, and over age 50 years old, then the 10 Year LTR–P E–Visa/Visa is very straightforward
Susanne Mulholland For retirement it doesn’t matter your source of income. You typically start with an O visa and you extend that visa by depositing 800,000฿ in a Thai bank account. After the first year you can switch to the income method of 65,000฿/month. They want to see monthly deposits into your Thai bank account. They only want the source of the fund to be from outside Thailand.