Hi guys, i want to live and work in Thailand. Been trying all over Asia and amerika to find another place to be but i am always drawn back to the land of smiles. Are there any tax guys in here that could estimate roughly how much tax i would have to pay to Thailand if i make 95 000 $ USD in my home country, but bring only 45 000 into Thailand every year (through wise, all Credit cards, rent etc) ? I currently dont pay any in come tax so been avoiding living here for more than 180 days, but its now time to settle down somewhere. Thanks for any Advice if you have any.

Banking question. I cannot get an answer from immigration:

I am fine putting ฿800,000 in a bank account . But I want to get decent interest. The bank tells me I can get a decent 2.4% interest in a fixed account. However, that money cannot be accessed by ATM or the banking app for things like making payments.

I don’t want to put the 800,000 into their savings book account because it only gets 0.25% .

Also, I want to have my pension deposit every month over the next 12 months so I can in one year get my 800,000 back.

Question: can I have two accounts? One with a bank that is a fixed account that I put the 800,000 in and I do not touch for the year and I get 2.4%.

Then A regular savings account where I would deposit my 65,000 baht every month so in 12 months I can show that I have the pension and I can get my 800,000 back

Will that be allowed? Same bank just two different accounts. The savings account that I deposit my pension into I could then use for paying bills, etc., and withdrawal from ATM.

Or does everything need to be one account?

just left the local revenue office.

here's what they asked

1. Any income from Thailand? No

2. Any monthly pension? No

3. Is the money coming in from savings on income before 1 January 2024? Yes

I showed them a print out of my ATM withdrawals and my WISE transfers.

No need to file or pay tax in Thailand due to transferred funds and ATM withdrawals coming from existing savings.

My wife and I are thinking of getting O visa based on retirment. I know we have to bring in 800000bt each. Does anyone know if we will be taxed on this

Does anyone know if I can have a UK life insurance but have it paid to someone in Thailand if I die

Asking on behalf: if you don’t renew your retirement visa, will the bank close your savings account if they know about it?

Hi all,

I have DTV, but seems like I cannot open any bank account through this visa.

If you can open bank account with DTV, please advise which bank and what are the requirements.

I’ll be applying for the DTV VISA soon. I’m gathering my required information.

One requirement is 500,000 Baht ($15,500) in your bank account. I have more than enough money spread out amongst several accounts.

I have money in my bank checking account, bank high yield savings account, and also stocks account.

I don’t keep $15,000 in my bank checking account, only about $1000. Most of my money is in the high yield savings account and my stocks which are separate than my bank account.

1. Can I show on the DTV application that I have 3 separate accounts that equal well over the $15,000 requirement? Send in 3 account information? Including my stock account on Robinhood?

2. Do I need to consolidate the $15,000 into one account, say my bank checking account?

3. Can I show my stock portfolio? That has more than $15,000 required. Will they accept stock account such as Robinhood?

I’d rather not have to sell my stocks just to get that value into my bank checking account…

I keep very little in my checking account so my money can grow.

Any advice would be much appreciated. Thanks everyone!

Arriving in Thailand February/March of 2025. Once I get there I’ve decided to use an agent to get everything set up for retirement visa. I have a question about a bank account. Is it possible to set up two accounts under the same name at the same bank? I want to deposit the 800k baht in one account and then use a different account for day to day spending and deposits. I prefer not to have to worry about the 800k account falling below the required amount at any time. I know I can do this in the US, but not sure in Thailand as an expat. Thanks in advance!

I am trying to get a Type O retirement visa but need to open a Thai bank account so I can deposit the 800K Baht before the visa will be issued. The banks have all said I need a visa (specifically said type O or O- A, I realise there are other visas also that would be suitable) to be able to open an account but I can't get the visa without the 800K Baht in a Thai bank account first. I contacted an an agent and they said they can open an account for me... I'm also informed by the banks that according to the law, only the person wishing to open the account can do so. How can I get around this baffling conundrum without using an agent, and how do the agents get around this? Is there another visa I can apply for first that will allow me to open an account that I can get without the need for the money prior to its issue?