I used the official rate provided through Currency app. Their data is sourced from the European Central Bank with 0% commission. (Normal setting is 0.5% commission) I opened the app in front of them and we looked at the balance of each account and she wrote it down next to my USD balance
The Bangkok Bank rate includes a 0.5 baht per USD commission built in.
But honestly they don't care that much which bank conversion rate you use. No point to overthink this
I'm from USA and took a trip from Thailand to Taipei to get my DTV. Jakarta is another good choice. Note: requirements, rules for residency, how long it takes to get approval, etc
Those are two separate requirements.... 500k baht equivalent in a bank account AND show that you are receiving pay/salary etc . The pay doesn't have to equal 500k, they just want to see that you're truly a remote worker, getting paid and can support your living costs while in Thailand
yep, I've run businesses like these before for large multinational companies, built factories in several countries around the world, etc. Was an exec in both Japanese and US companies.
About 12 years I was going to build a factory in Rayong using the BOI benefits but moved it in the end to another country where we already had corporate structure, buildings, land, HR, etc. (Semi-Retired executive)
Fun stuff!!! Sometimes I miss the big paychecks and running those big corporate businesses but now I'm happy to be relaxed here in Thailand with my small companies in the US doing their thing.
if you're under the HR of or employed by or on loan from HQ to the Thai entity then you're working for a Thai company.... even if the Thai entity is a wholly owned sub of "Japanese" company. But I understand your point