Question: If you deposit money 1-2 or more years into Thailand from overseas before you become a permanent resident of Thailand (180+ days) does that money become taxable when you do move into Thailand? I am wondering if it would be beneficial to do this before becoming a resident of Thailand.
Hi Evan. Here is my experience. I contacted various Canadians who were familiar with the system including former immigration agents. I did all the paperwork myself and my then girlfriend's application got rejected. We then tried a Thai agent in Bangkok-he was totally useless and no surprise, rejected again. The third time I contacted a local very experienced immigration agent in Vancouver. By this time my then girlfriend and I were married. This apparently made all the difference as this time she was accepted. All in costs and time for this process was in the realm of 3 years and several thousand dollars. A friend of mine, a well established Canadian doctor had a similar experience at the same time, despite having solid credentials and recommendations. I am not saying you have to or should get married, but in our case, it seems to have had an impact.
Thanks fir the thoughts Jeff. Perhaps you are right, but frankly I just don't get it. As well, I am at the time of life, 76, when I am interested in preserving capital and keeping pace with or somewhat exceeding inflation. For me, my days if investing in moose pasture and speculative mining stocks are well behind me. Still it is hard to argue the amount of capital that is invested on the bitcoin market. I did check out Blackrock on this and they do have a Bitcoun ETF.