financial requirements

Showing 876 questions

This page displays all the results for the Financial Requirements tag, sorted by the most recent activity. There are a total of 876 questions that have been tagged with Financial Requirements. Explore the questions to find discussions and information relevant to this topic.
Jan 23, 2025
4 days ago
D *****************
ORIGINAL POSTER
After 5 Business Days, exactly, I’ve been APPROVED in HCMC! Workcation! I’m on my way back to Bangkok on Saturday 🙌🏽🥳

Editing per request in comments:

I applied on Wednesday, Jan 15th at 3p. On Thurs, they requested 6 months of bank statements (I only submitted sponsorship letters and screenshots of deposits as income, initially). I was approved Thurs, Jan 23rd.

My complete submission was around 90 pages- 45 for Financial and 45 for Portfolio. I compressed right in Adobe to meet 3mb.

Financial Package:

Cover Letter

6 months statements showing just my savings balance at $17k USD.

2 sponsorship letters from clients (I am an independent consultant, I build and manage training platforms, among other operational & finance responsibilities)

6 invoices for my clients (3 for each, with screen shots of payments)

My lease for my condo in Bangkok, with proof of payment

My 2023 tax return doc to show previous work experience

Portfolio

My business registration

EIN files with IRS

My Business Operating Agreement

My contract with my business

My Independent Business Organization agreement with one client

My Service Agreement with another client

Screenshots of works- my website, the learning platform for one client, screen shots of a website I built for another client

My Bachelors Degree

My MBA transcripts

A couple screenshots of things I intend to learn in Bangkok- classes at a language school and short courses at Sasin Univ

That’s it, I think lol
Jan 23, 2025
4 days ago
Callum *******
ORIGINAL POSTER
Argh, think I cocked up, seeing people saying mixed things about the bank statements (I applied from HCMC btw, in Da Nang atm).

I uploaded a 3 month bank statement with 16k GBP, reckon this will be all ok?

Anyone else get approved with just a 3 month statement?

I don't mind if they request additional ones for another 3 months but it'll be a bit of a pain. Many thanks in advance!
Jan 22, 2025
5 days ago
Sascha **********
ORIGINAL POSTER
Approved 😀

Thank you to this group for providing such valuable information!!!! To pay it forward, here's how my application went.

Applied in HCM on Wednesday 15/01 around 8PM for Muay Thai DTV

Had a quick look on Friday 17/01 and saw status moved to pending approval

Was getting a bit nervous today (business day #5) as I didn't want to be stuck here for Tet. Emailed the consulate this morning (no reply) and called them at 4:30PM (30 minutes before closing). The lady on the phone said my application would be approved today or tomorrow, I asked her if it please can be today and she said she'd speak to the consul.

40 minutes later (5:10PM) I got the approval email.

Documents:

Proof of location: pdf with a picture of entry stamp, boarding pass, hotel booking and Vietnam visa

Financial: Savings account 01/07/2024 - 15/01/2025 (day of application), there was well over THB500K in the account for the entire period. I gave them monthly statements with all transactions and beginning/end amounts (Dutch bank, did not translate the statements)

Muay Thai:

* letter of endorsement

* letter of enrolment (8 months training, start date, also stating I had paid 1 month ahead and will be living in the gym)

* training schedule

* gym business registration

* sports authority registration

* house book gym

* house book gym owner

* ID (back and front) gym owner

Form

Home address: hotel in HCM

Permanent address: gym in Thailand

Thai address: gym in Thailand

Employment: unemployed (I'm actually a freelancer but between contracts so technically not lying)

My background

November '21 - July '23 countless visa exempts, a few tourist visa's, extensions, border runs and (remember those?) 2 COVID extensions

July '24 - now ED visa + 1 ED extension (did not get a re-entry stamp when I left last week), visa I got through a language school

I genuinely train at the gym, have been since 2018, it's a relatively small, family-owned gym that only does DTV for people who will actually attend training (so unless you're willing to do so, don't ask which gym it is 😉)

Flying back tomorrow, will update this post to let you know how immigration went (Phuket).
Jan 21, 2025
7 days ago
Ken *********
ORIGINAL POSTER
I have 3 questions on the DTV Visa.

1. Can you have a joint bank account with the 30k USD/1M Baht when you apply for the DTV visa? I don't want to give my wife 15k :)

2. Can you get a bank account in Thailand with a DTV visa? I have read you can get one in Pattaya.

3. Is the requirement of a 180 stay mean, you need to leave Thailand and come back every 180 days for up to the 5 years? Basically a run for the border every 6 months...

DTV visa is my best option. I don't have a pension or any passive income yet to apply for the other visa options.
Jan 20, 2025
8 days ago
Paul *******
ORIGINAL POSTER
I wish to retire to Thailand later this year. From UK, I’ll be depositing 800,000 in Bangkok Bank. My gf says they told her I just need my proof of accommodation (TM30?). Then I wait 2 months with proof of funds before applying for the year extension.

Does this sound like a plan ?

Please be nice. Some of you guys can be big meanies 😂😂😂
Jan 19, 2025
8 days ago
Liam ***********
ORIGINAL POSTER
Hello, I want to retire in Thailand in the korat area at the end of this year, looking at the financial requirements for a retirement visa or I believe the other option is a non o visa for a year and then extend it for another year and in that time deposit 65,000 or more into a Thai bank account, would this work or do I have to stump up the 800,000 , no intention of getting married at the moment, have friends in Korat who have married and built their own houses, love the area and the friendly people

I don’t know whether to go and use an agent to simplify the process and I’m not sure if this is hundred percent legal, is there any comeback on using an agent, Thai government websites say that if you can prove from your pension provider that you have over 65,000 baht per month paid into a Thai bank account then this negate the need for the 800,000, I’m not sure what to believe because my friends are telling me that no bank or pension provider in the UK will certify this, confused
Jan 18, 2025
9 days ago
Maiya **********
ORIGINAL POSTER
I feel like I’ve seen the answer but I just want to make sure - I am applying in Hanoi and want to make sure I am correct about the bank statements. I will have the balance of over 500k in one bank account for one month ending balance. I have an other account that I receive my payments from work but the ending balance is way lower. Can I show two bank accounts? Will this be okay? Also would I have to keep the 500k in that bank while I’m applying?
Jan 18, 2025
10 days ago
Jack ********
ORIGINAL POSTER
For the LTR does the $100K USD need to be in a Thai bank?

Insured under a health insurance covering a minimum of USD 50,000 OR currently receiving social security benefits in Thailand OR deposit and maintain at least USD 100,000 in bank account balance under the applicant’s name for no less than 12 months
Jan 17, 2025
10 days ago
I'm a German citizen (and passport holder) currently in Germany.

I have a company registered in Hong Kong and my bank account with the necessary funds has the company name on it (not my name). Is that a problem when applying for the DTV?
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