Spoke with a tax attorney, and although you might've been doing this for 25 years, it doesn't mean that it's completely legit. I was strictly told that in order to not be a Canadian Tax Resident, I have to be an official tax resident elsewhere. I may just take your route anyway, but obviously I'd like to know the legitimate route.
this is where I’m at in the research process (from Nomad Capitalist). So just trying to see what’s up:
“For instance, the Thai Elite Visa will not automatically make Thailand your tax residence. You will still need to spend a minimum of 180 days in the country and apply for tax residence at the Ministry of Finance.
If you’re hoping to use the Thai Elite Visa as a part of your tax strategy, the best idea is to talk to someone who can help you understand how (if at all) you can use this program in your offshore strategy.”
FYI I was asking if you foresee retirement visas coming down in age since age isn’t an indicator of retirement anymore. For instance, Philippines’ retirement visa starts at 35 years old. I wonder if Thailand will someday recognize that some of us fast-tracked to the good times?!
This seems like the best option — 600k for 5 years. But now I’m looking at the value of only 400k more for a whopping 20 years, which I don’t need. Ugh, now it’s me versus my brain trying to get the best deal. 😭😭
If you have the mindset that you can’t achieve financial success without these keywords you’re sprinkling around (“lottery” “luck” “trust fund” “rich family”) — you’re doing yourself an enormous disservice.
this looked like the best route — $2,500USD/year for no worries. But then I have only 8 years before I can get the legit O Visa. Then again, the airport treatment sounds nice...