What is your estimate of average DTV spend per month? I just did a quick back of Napkin calc. If 50k DTV holders spend 50k THB per month over a year it is almost 1B USD extra in that Thai economy (if my crap maths are correct). A decent addition to the economy. If my maths are wrong someone please correct me :-) :-)
I mean average per day. When I was a tourist 10k a day was the norm. Most people I knew spent the same. The average tourist will be less than that but still higher than the average DTV holder. Spending patterns are different. Tourist more likely to use hotels and spend on tours etc. Your rent is going to a private landlord. Many of these are foreigners. Since 2017 I have lived in 5 condos. Not one Thai owned. I am not going to do the calculations as cannot be arsed but would be interesting to know the the marketing budgets and returns. I doubt the DTV is cannibalising the tourist market anyway. I reckon many are just converting from other visa type. Would be interesting how many DTV's are completely "New" customers ie not already here on VE/TR, Ed, B or O
I think it is the ex British Honorary Consul Barry Kenyon's articles who he usually quotes. His book was not so bad actually and he seemed a decent Consul. Dropping names here (lol), my pal (we actually met 40 years ago today at Uni) was Deputy Head of ASEAN for the UK Foreign Office for a while. I remember reccomending this book when he got the role.
I am pretty sure he is. That is why he rails against those offering tax advice (We know who he means) and visas, law etc. These really are positions only open to Thais. These companies get around this by hiring Thais for the final sign off. Same as for companies and accounts sign off. Can only be a Thai Accountant. There could well be a Foreign Finance Director or CFO bit it is the Thai accountant reporting to them who has to sign it. A specific Japanese company I know was in this position.
He is an American lawyer in Bangkok who is now a Thai citizen. He posts multiple videos per day on Visa, tax and other issues. He has not been a fan of the DTV from day 1.
A guy I know did very similar to you. Building company and rentals. His remote role as Director was approving quotations and payroll. He got his DTV in first few weeks after it was launched from London Embassy.