financial stability requirements

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This page displays all the results for the Financial Stability Requirements tag, sorted by the most recent activity. There are a total of 2 questions that have been tagged with Financial Stability Requirements. Explore the questions to find discussions and information relevant to this topic.
Oct 8, 2024
2 months ago
DTV ~ via European 🇪🇺 capital

Hi everyone,

I wanted to take a moment to share my recent experience with the Destination Thailand Visa (DTV) application process, which I recently and positively completed. I submitted my application at a Thailand consulate in Europe as a self-employed remote worker. My professional setup is as an individual operating with a European VAT number associated with my activities, rather than through a formal LLC or company structure. To ensure all documentation was in order from the get go, I had my VAT registration officially translated into English and apostilled, which helped avoid any potential delays or issues.

As part of the application, one of the key requirements is to demonstrate financial stability by providing proof of savings. I needed to show that I had 500,000 Thai Baht in savings. To meet this requirement, and showcase financial stability, I provided bank statements covering the three months prior to my application, demonstrating that the necessary funds were consistently available during that period.

The application process itself began around September 10th. Shortly after submitting my initial documents, I received an email from the consulate requesting additional details, specifically a portfolio of my work. In response, I provided a selection of invoices I had issued to some of my clients to substantiate my professional activities. Following a brief waiting period, I was notified that my application was successfully completed this week.

Overall, the process was straightforward, and I hope that by sharing my experience, it may assist others who are considering applying for the DTV or navigating similar requirements.

Feel free to reach out if you have any questions or need further advice!
Aug 19, 2023
a year ago
Chris *******
ORIGINAL POSTER
I was wondering about the retirement visa..after you have shown you have the necessary 800,000 baht in the bank..does it have to remain in the bank untouched or can you with withdraw some or all of it if needed..I'd be grateful for some advice as I'm interested in retiring in Thailand
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