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passive income
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This page displays all the results for the Passive Income tag, sorted by the most recent activity. There are a total of 16 questions that have been tagged with Passive Income. Explore the questions to find discussions and information relevant to this topic.
Greetings from moldy, damp, highly overrated Portugal! 🤣
Been doing a bunch of research and I’m struggling to figure out the right type of (long-stay) visa since we don’t fall neatly into any category.
Basically, I’m retired with a pension and some other passive income, but not yet 50 so the retirement visa isn’t an option. I don’t have a business, don’t plan to work for someone remotely, and ain’t about to put this beat up body through Muay Thai — so I don’t know if DTV is the right option either.
Any insights into what would work best for someone who just wants to live in Thailand until age-eligible for the retiement visa would be greatly appreciated! 🙏🏽
I am from EU, and I plan to apply for DTV visa as a remote worker (in Hanoi or HCMC, or maybe Taipei), but I struggle with a requirement of job contract, or a contract with a client.
I have as my income is more of a "passive". I don't work for clients, I work for myself and sell my own mobile applications on Play Store & Apple Store. I get paid monthly by Google / Apple. It's kinda similar as selling a book on Amazon or living off Youtube content etc.
All I can show is a link to these stores with my apps & my name next to it. Would that be sufficient proof/document?
Or would it be better to just apply for soft power using an agent? Thank you!
Hi guys, I am on the way to get my LTR visa wealthy pensioner. I started in December and get a request email every third day. I send the proper answer in the same hour. We are now in the stage of proofing 80000 income. As I am early retired with 50 and now being 62, I right now have no pension fund returns. But I showed yearly passive income from dividends of 200000 euros and another 120000 Euros from an investment fund. Nevertheless they still ask questions of showing more passive income from interest or rentals. On top they asked me to show tax withholding from the dividends.
I declared now that the country from dividend origin doesnt tax dividends and as I live nowhere longer than 4 months, I have currently no tax residency, therefore tax avoidance laws are not applicable.
Someone out there to know how much longer they ask questions?
I am looking into the LTR wealthy pensioner visa but can't find how they determine the $80k passive income. Is this income pre or post tax? If you have income which is tax free say from ISA's do you ( if the passive income is pre tax) add on the tax that would have been paid when demonstrating the $80 k income? I am unsure how you treat a pension income which is pre tax and other income which either post or no tax?
This is the list from the embassy in KL regarding documents required for DTV.
I’d like to use the soft power option but noticed them asking for a payslip (which I don’t have, only passive income and bank account with required balance)
Is that the same at other embassies?
(note: currently in Thailand, planning on going to Malaysia to apply)
Was recently approved for the LTR visa( Pensioner). Took approximately 2.5 months from application to approval. I elected to process the application myself , as fairly easy to do , albeit a lot of paper. I provided two years of bank statements to support passive income, outside of my pension income which was supported by income tax documents. Be aware though you require to have medical insurance (Thai) in place as part of the application and needs to cover up to at least 10 months while in Thailand.
I elected to go the LTR route as while presently hold the Elite visa, it expires next year and felt the amount required to renew wasn’t justified, or the “benefits” of the elite visa didn’t make sense for me.
I searched through the "passive income" bar for the LTR visa and I was never able to ascertain if a U.S pension, social security and 401K monthly payment to reach the 80K yearly threshold an approved way to meet the criteria to get approved.
I am in the later stages of LTR online application.
I submitted 2023 tax return, income docs, and proof of insurance, etc. It seems like they accepted that and then asked for 2024 YTD income.
I uploaded the standard online SS letter showing 2024 monthly benefit (also a letter for pension monthly payment) and a July statement showing 2024 YTD dividends.
But now they are giving me this message in document uploads needed:
"Please provide evidence that you received passive income in your portfolio in 2024"
Not sure about the wording. I am guessing maybe they want to see my monthly SS etc deposits into my checking account?
That's 7 months Checking accnt stmts X many pages for pensions (and 7 months X five accounts for dividends).
They have a 25mb upload limit (and the rule is only upload one document per each BOI request).
They haven't responded on email or FB Messenger for three business days. Not answering calls at BOI.
Has anyone received this message and gotten clarification on what and how many docs one needs to submit to answer their request?
I am selling my house and moving to Thailand. I am almost retired and live off passive income but not 50 yet so I need to do the soft power option of the DTV. Does anyone know how to get a letter from a Muay Thai gym . I’m active and think I would enjoy doing that but have no idea how I go about getting an acceptance letter and what is needed on it . Thanks !