What are the requirements for obtaining a Digital Nomad Visa (DTV) in Thailand for new business owners with low turnover?

Question

Own company / Low turnover / Proof
Worcation: I have my own company, but it has not been operational for long. I am confident that my business will generate more profit soon, but so far turnover has been low.

I know that some embassies / consulates want to see a monthly salary, payslips, etc. In my case, this would not be applicable anyway, because I take dividends from my company instead of a monthly salary, e.g. one large dividend payment in the end of the year. I believe this is NOT going to be a problem, because, of course, many company directors simply live on dividends instead of monthly salaries.

The problem is that - as of now - turnover has been low. Which embassy or consulate has been happy to accept the following documents as sufficient proof for your remote work WITHOUT LOOKING AT THE TOTAL TURNOVER?

- Invoices

- Proof of incoming payments from clients (I could, for example, submit a couple of invoices AND proof of their payment)

- Email conversations with clients

- Portfolio / Website / LinkedIn Profile

- Samples of work

- Supplier contracts

- Company registration documents

I have ALL of the above and everything else that demonstrates that my company is registered, legit and operational, but I am worried that certain embassies will be focused on the TOTAL turnover. That is why I am looking for an embassy / consulate that has approved DTV’s BASED ON MORE RANDOM, INCOHERENT EVIDENCE without checking overall turnover.

PS: I am determined to go for workation, even though soft power might sound like the easier option in my case.

Ask Thailand · Answer

The conversation discusses the challenges faced by a new business owner with low turnover seeking a Digital Nomad Visa (DTV) for Thailand. The individual is concerned about the documentation required by various embassies, specifically regarding proofs of income and turnover. They seek guidance on which embassies have approved applications based on alternative documentation, such as invoices, payment proofs, and company registration, without a stringent focus on overall turnover. Responses from the community suggest that there are embassies that do accept such evidence, affirming that there is no minimum income requirement and that additional proof of savings can support the visa application.

Frank-Steven *********** · Answer

All I submitted at the time was: a) company registration in my name, b) current bank account statement with one current balance in my personal name, c) a letter from “my company” affirming I am free to work from Thailand. It was Berlin / Germany embassy at the time. Should be all they need. Sadly many embassies go crazy now.

Robert ******* · Answer

Only by using AI and DTV information pages you find anonymous advice about income.

NOT on any of the many Thai Embassy pages or the E-Visa website.

And still people worry a lot about something that does not exist.

Lin ****** · Answer

If you submit and get denied You can always hire a visa agent to help you

Anonymous ****************** · Answer

As long as you got the savings, a portfolio, list of services, and maybe some current invoices you should be OK.

No minimum income. That's what the savings is for during slow times

Andi *********** · Answer

Newly opened businesses with limited income have been approved. There is no minimum income requirement. To show you can support yourself, show additional savings to the 500k. You also need to submit a statement that you will not work for Thai businesses/clients and permission to work remotely In Thailand.

What are the requirements for obtaining a Digital Nomad Visa (DTV) in Thailand for new business owners with low turnover?

Activity

Related

Resources