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What are the visa requirements for trading forex/crypto in Thailand as a self-employed individual?
forex tradingcrypto tradingThailand visa ruleswork permitinvestment visatax implicationsself-employed visasfinancial regulations
Oct 1, 2017
9 years ago
Paul *********
ORIGINAL POSTERAnyone know the visa requirements for trading (forex/crypto) as a self run business? Want to cover my ass with visa/work permit/tax when withdrawing funds, not a small amount want to make sure i'm not caught out. Doesn't seem like the investment visa covers this.
TLDR : Answer Summary
The discussion revolves around the visa and work permit requirements for trading forex and cryptocurrency in Thailand as a self-employed individual. Participants share varying opinions on whether a work permit (WP) is needed for running an online trading business, with some stating that trading one's own portfolio does not require a WP. However, if someone is trading on behalf of others, they would likely need a WP. There are also concerns about tax implications and the legality of these activities depending on the nature of the business structure.
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Krishn *********
If I stay at Thailand, but my account in Indian exchange and transition done through my Indian bank account. Then what will be position. I will withdraw money from international visa card in Thailand.
Mean I run my online stock market business out of Thailand , only online orders from Thailand. Is it in list of working in Thailand? Tnx in advance.
Mean I run my online stock market business out of Thailand , only online orders from Thailand. Is it in list of working in Thailand? Tnx in advance.
Krishn *********
I am going always according to thread only. Other person moving away from thread.
My question is same as thread, only one point change, transaction from Thai broker n Thai bank account v/s broker out of Thailand n bank account too out of Thailand.
You instructed me but after understanding my quarry you not replied/ suggest answer.
So I stand on my line without getting answer.
I HOPE ADMIN TOD DENIALS WILL GIVE SUITABLE ANSWER.
My question is same as thread, only one point change, transaction from Thai broker n Thai bank account v/s broker out of Thailand n bank account too out of Thailand.
You instructed me but after understanding my quarry you not replied/ suggest answer.
So I stand on my line without getting answer.
I HOPE ADMIN TOD DENIALS WILL GIVE SUITABLE ANSWER.
Robert *******
Than you should reply and comment on the question of the thread, if you have questions yourself start a thread by yourself and do not use other threads to make things confusing.
Krishn *********
YES, THIS TIME AGREE WITH YOU.
BUT THIS THREAD STARTED FROM SOME ONE ABOUT ONLINE TRADING WHEN U LIVING IN THAILAND. Difference is they doing from Thailand broker or registered with Thai company.
My case is out of Thai company n account.
BUT THIS THREAD STARTED FROM SOME ONE ABOUT ONLINE TRADING WHEN U LIVING IN THAILAND. Difference is they doing from Thailand broker or registered with Thai company.
My case is out of Thai company n account.
Robert *******
This page is called Thai VISA advice. And yes I will provide advice if it is not Visa related if I know the best thing to do.
Robert *******
Well you started that you run a business. Now it is private stock buying and selling. Than you ask about non existing visa's like work visa, retirement visa, and second question sufficient proof of income. I gave you the correct names of Visa to work in Thailand if you should run a business. And I gave you the link to the different possibilities for an Extension of Stay with the financial requirements. You than called me a racist. I answered the question, not comparing your questions with other comments.
Krishn *********
Thread not about visa obtaining or extension.
Thread is about orders n transition done out of Thailand accounts. Is that you done business in Thailand ?
Thread is about orders n transition done out of Thailand accounts. Is that you done business in Thailand ?
Krishn *********
OK.. Read it calm.
I m on retirement visa, in ur language non O-A visa in Thailand.
I have money in my India @ my account. By call to India I bought some shares through my Indian Broker in Indian stock exchange.
After few days I again called him to sell that. I got profit n transferred to my bank account in India. All happened out of Thailand except call made from Thailand. Is it called I done work/job/business in Thailand? Because at non O-A visa, I can't do work/ job in Thailand.
Thread started on same point. Difference is by self computer n Call from phone.
Explain now your reply.
I m on retirement visa, in ur language non O-A visa in Thailand.
I have money in my India @ my account. By call to India I bought some shares through my Indian Broker in Indian stock exchange.
After few days I again called him to sell that. I got profit n transferred to my bank account in India. All happened out of Thailand except call made from Thailand. Is it called I done work/job/business in Thailand? Because at non O-A visa, I can't do work/ job in Thailand.
Thread started on same point. Difference is by self computer n Call from phone.
Explain now your reply.
Robert *******
Explain the again not agree. You asked about sufficient proof of income. This is only needed for an Extension Of stay, there are 36 reasons to apply for this and most of them have different income levels needed. I do not know, because you did not explain what you wish to apply for so I can not give you the exact answer. If you do not agree with the rules of Immigration, okay than say so.
Krishn *********
Again not agree. Either u twisting answer or not understand quarry.
Robert *******
Here you can find 36 different reasons to apply for an Extension of Stay with different requirements of sufficient proof:
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Robert *******
Racism? By explaining the Visa Rules, you should complain to the Thai Government for that, they made the rules, not me.
Krishn *********
Tnx.. Not agree with u. You going to racism to knowledge .
Robert *******
Work Visa, Business Visa, Retirement Visa, all those does not exist in Thailand. To work in Thailand you need or the Non Immigrant B visa or a Non Immigrant O visa which allows you to work with a Work Permit. For an Extension of Stay a requirement is sufficient proof of income, this requirement is depending on the basis you apply. This proof of income can be made by Work Permit and tax payments or the income statement from your Embassy.
Krishn *********
Work visa n business visa both are different.
Retirement visa not allowed working in Thailand. Nothing say about business n investment.
Second need sufficient proof of income. That show my country account. Can you explain " sufficient proof of INCOme"
Retirement visa not allowed working in Thailand. Nothing say about business n investment.
Second need sufficient proof of income. That show my country account. Can you explain " sufficient proof of INCOme"
Robert *******
You run a business, using common sense that's is called working.
Reply to
Robert *******
Reply
Alessandro *******
Jonny *******
But remember...
Crypto is only for criminals, druglords, and self-exiled prime ministers...
Crypto is only for criminals, druglords, and self-exiled prime ministers...
Johan ****
a HODL-er here bro :)
Jonny *******
I've personally never had a problem trading or converting crypto into baht via p2p exchanges here. Someone above mentioned BX Thailand. They're ok, but deposit and withdrawal times can be pretty random. They've also banned all US customers recently due to FATCA I believe. If you have access to to a foreign crypto exchange and a local one in Thailand, you might actually find some pretty good arbitrage opportunities considering that BTC here often trades at 3%-15% higher than the global average.
As for trading legality in terms of work/tax, I couldn't say. Answers will become clearer when people start getting too rich in ways the govt hadn't thought of itself. Good luck & #HODL
As for trading legality in terms of work/tax, I couldn't say. Answers will become clearer when people start getting too rich in ways the govt hadn't thought of itself. Good luck & #HODL
Johan ****
as I said and stressed multiple times now, both told me NO WP needed to run your OWN portfolio !
Johan ****
true as a business different story and investing others money, as in a job, yes you will need the required WP.
Robert *******
I understand, but the question is: To run as a BUSINESS. So not his own.
Reply to
Robert *******
Reply
Johan ****
well, I'm reading and doing research, then i put on a trade.....that trade can run for weeks without me interfering.....I do not think you need a WP to read financial news.
Robert *******
For many working under the radar without papers using a visa with the text Working Prohibited is the same as driving a motorbike without helmet. As long as the Police not stop you, or you get into an accident it is no problem or an issue, but it is still against the law.
Robert *******
If you are using your knowledge or physical energie (typing a keyboard) with or without a benefit it is called work in Thailand. Yes, I understand, some people call themselves nomads and claim the law is not for them, some how based on the fact that they do not need a house to work. To get Work Permit you need or to get employed or set up a company with 51 % Thai ownership and 49 % yours, Than you can apply for work permit and if you meet the requirements an Extension Of Stay at Immigration Office based on working in Thailand.
Johan ****
well sorry I tend to believe them.....and never had any issues with it.....
Robert *******
And the labor law does not have time frames.
Johan ****
It would be considered a job if you are taking other people's money and work that money. I asked both Robert and got the same answer from both.......they did stressed running your "own" portfolio.
Robert *******
Problem is you asked the wrong office, The Ministry of Labor is in charge of Work Permits, Immigration is in charge of Visa. You can ask Ministry of Labor for Extension of you Tourist Visa and they will probably say: No Problem, it is okay.
Johan ****
They told me no WP needed to run your own portfolio......It is not like you are typing away all day...Asked several times and at several places, immi, labour office.....all gave me the same answer.
Reply to
Johan ****
Reply
Jim *******
John ******
****************
Johan ****
I once asked immigration, according to them if you trade for yourself, run your own portfolio no WP is needed....
Krishn *********
Happy to see community. :)
But all comments are far away from thread. Haha
Come to the main point.pls
But all comments are far away from thread. Haha
Come to the main point.pls
Paul *********
ORIGINAL POSTER@Jeremy *******
I'm coming from Rangsit, so if you're in BKK no excuse see you there ;)Jeremy ********
What a way to talk about crypto currencies while getting totally wasted off of cheap beer...
Paul *********
ORIGINAL POSTER****************************************************
Jeremy ********
@Paul ********
sounds good I will try to get therePaul *********
ORIGINAL POSTER@Malty *******
will doPaul *********
ORIGINAL POSTER@Jeremy *******
****
-3 Soi Sukhumvit 23, Khwaeng Khlong ToeiJeremy ********
@Paul ********
which Soi is thatPrince *******
Please keep us updated about taxes
@Paul ********
Paul *********
ORIGINAL POSTER@Jeremy *******
clubhouse sports bar & grill 6:30pmJeremy ********
@Paul ********
that one worksPaul *********
ORIGINAL POSTER@John ************
yes i sawPaul *********
ORIGINAL POSTERsorry bx.in.th
Johan ****
Im way down south sadly enough, would love to be there
Jeremy ********
Where about and when
Jeremy ********
@Paul ********
webpage says under constructionPaul *********
ORIGINAL POSTERMeet up in BKK tomorrow if your around
Jeremy ********
There are so many of those it’s hard to keep up...I love making money so I will look into it
Paul *********
ORIGINAL POSTERbx.co.th
Johan ****
An btc altcoin exchange
Jeremy ********
What’s BX?
Johan ****
Indeed, beats the future market by a thousand😉
Paul *********
ORIGINAL POSTERI've only been in it since June, needless to say it's my life now, seeing incredible returns, loving it
Johan ****
Ive been using BX for awhile now, no issues so far.
Paul *********
ORIGINAL POSTER@John ************
going to a gathering tomorrow in BKK, owner of BX will be there, so i'll pick his brain also since i'll be withdrawing from his site.Johan ****
Been trading futures, commodities, stocks for the last 10 years and since a couple of months added btc, ltc,....
Paul *********
ORIGINAL POSTERFellow BTC trader i see, decent community here and growing
Reply to
Paul *********
Reply
Prince *******
🚩
Paul *********
ORIGINAL POSTER???
Reply to
Paul *********
Reply
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