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Answered2 years ago

What are the steps and requirements for obtaining a DTV as a remote day trader in Thailand?

Steve ******
asked Aug 27, 2024
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Just had my DTV approved. Remote work as a day trader (Stocker Trader). I applied through the New York office in US (online) as I am American. I submitted most recent bank statement showing adequate funds, a cover letter explaining I was self employed working for myself and listing my additional attachments of the following to show this - trades year to date (2 individual brokerage accounts), my most recent monthly brokerage statements for each account, the most recent crypto statement for the one account I have crypto in, and my last years tax return. I was never asked for any further paperwork. My status went from pending document approval, right to pending final approval a day later, then reverted back to pending document approval around 10 business days into the process, where it stayed for 1 day before returning to pending final approval. It took exactly 15 business days (As was listed on the website). There were not any data points I could find for this type of remote work anywhere, so I was pleasantly surprised to get approved. I do have a very good passive income which allows me to travel and also explained this in my cover letter (its supported by my tax return). I put all of this all in one pdf and compressed it to submit on the webpage. Hope this helps others.
Answer summary
The post discusses the applicant's experience in successfully obtaining a Digital Nomad Visa (DTV) while working as a day trader. They detail the submission of financial documents, including bank statements, trades, and tax returns, and describe the approval timeline of 15 business days. The author emphasizes the absence of available data points specific to their situation, hoping their experience assists others. Comments raise questions about entry requirements and tax implications.
19 repliesnewest first
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Elise *********
Elise *********
This is good info 👍
Nick ****
Nick ****
Were you in the US when you applied? Do you have to physically be in the US, as an American, if you apply at the US consulate?
James ********
James ********
@Nick ***
you have to be in the USA when using the Evisa online application system. That is how you make an application for the DTV visa.
Steve ******
Steve ******
OP
@Nick ***
I applied online and was in the U.S. I applied online through the New York office, as that covers my area where I reside
Gigi *********
Gigi *********
Hmmm obviously...now they will know how to find your earnings and be chasing you for the tax on said earnings ...

Be careful guys
Mar *****
Mar *****
@Gigi ********
depending on his Tax arrangements & set up as some countries already have agreements in place where you can't get double taxed and Mr Long may not pass the 180 days within the kingdom so not passing threshold or the Thai government may not ask him to provide a Tax statement at all...
John **********
John **********
@Mar ****
the thai government won't ask, the onus is on the individual to file if they meet the criteria. They may or may not owe tax if they are thai tax resident, they need to work that out but will get a credit for tax already paid. Basically they'll end up paying the higher of US or thai tax
Robert ********
Robert ********
@Mar ****
This DVT passport if you stayed under a 180 days, they won't tax you. What if you came in in October? Does it go calendar year or does it go from the time you came in?Is taxes go by calendar year
James ********
James ********
@John *********
correct ✅
John **********
John **********
@Robert *******
calendar year
Mar *****
Mar *****
@Robert *******
sorry I don't know the answer to that question 🤔...

I'm thinkin its per calendar year...

But I'd contact a specialist or law firm or accountancy
Scott *********
Scott *********
Now that you have your DTV - Is there a number of days they allow you before you have to enter the country?
Stéphane *********
Stéphane *********
On the application it is specified that the visa must be asked no more than 3 months before departure.
Brandon ************
Brandon ************
@Scott ********
All visas require you enter Thailand before the expiration date. A DTV is valid for 5 years.
Scott *********
Scott *********
@Brandon ***********
wow that's awesome. So get in now and use it when you need to.
Brandon ************
Brandon ************
@Scott ********
You can if that benefits you. But you'll be "eating up" part of the time by waiting. If you get it closer to when you travel you can use it for longer.
Steve ******
Steve ******
OP
@Scott ********
it doesn’t say, but in the application I gave my next travel date. It just says it’s valid from today Aug 26 through Aug 25, 2029.
Tyler ******
Tyler ******
@Scott ********
yes, agreed on interest to this question
James ********
James ********
Thanks for your helpful Report.

Congratulations 👏👏👏

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