Opening a Business on DTV, possible?

Hi everyone,

I’m planning to launch my own clothing brand, selling mainly to Europe and the US. The problem is that taxes in my home country are extremely high (even 60% of your money goes to the State and there’s no facilities for start ups…), so I’m considering doing this from Thailand. I usually come to Thailand on holiday every year and I absolutely would love to open something from here and stay here longer.

I’ve been looking into the DTV Visa, which allows me to stay in Thailand for 180 days, and I know it’s possible to pay for an extension to stay longer. My main question is: if I do this extension, can I actually pay taxes in Thailand instead of my home country? From what I understand, I risk paying double taxation if I don't first change my registered residence from my home country to Thailand. Does anyone here have experience about it?

I’ve also heard that there’s a rule where if you keep your business money in a foreign bank account (like Wise or PayPal) and don’t transfer it to a Thai account within the same year, it won’t be taxed. Is this correct?

Finally, would it make sense to open a remote LLC from Thailand for countries like Estonia or Hong Kong to manage my brand more efficiently, or is it better to handle everything locally?

I’d really appreciate any advice or experiences from people who have done something similar on DTV

Thanks a lot!

Quick question - if I am applying for DTV and say I remain in Thailand +180 days and therefore deemed a 'Thai tax resident' do I need to file my global income locally? Or only need to file for global income which is remitted to Thailand?

I would like to thanks all advises got in this group. I sent my application on 15 May, and today was approved! I guess in less than 48 hours, because 15 and 16 was public holiday! Thank you!

P.S. I sent almost a book of information 36 pages, and I've had for 2 times non bvisa and 4 consecutive visa run... Thank you again! Now I am looking for an account to avoid the double taxation because now they now everything about me, so better to don't be naive...

The Double Taxation Topic - UK National

My business is registered in the UK, with my salary and taxes both paid in the UK.

I will remain more than 180 days per year in Thailand under DTV Visa.

Will I need to pay double Tax in both UK and Thailand?

Looking for simple straight forward answer, if it possible.

I have searched the group posts, but have not yet seen a clear answer to this question.

Hey, someone knows what happens if I live over 180 days in Thailand in one calender year?

No word on dtv going away or anything? Applying in Dec. and hoping all is the same.

Hi, i spend about half of the year in Thailand.

I do not work in Thailand but have business in Germany and also pay income tax in Germany.

I wondering whether income tax exemption is possible in Thailand if i pay taxes in Germany and spend longer than 180 days in Thailand?

Does anyone know my tax obligations if I were to move to Thailand under a retirement visa?