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Craig *******
This is a summary of
Craig *******
's contributions to the platform. They have posed 13 questions and added 365 comments.

QUESTIONS

COMMENTS

Craig ********
@Jim *******
actually in most cases the way a double tax treaty works is that if you paid tax in your home country, and the tax in Thailand would be higher, you only owe the difference in Thailand.
Craig ********
@Gregor *********
actually what a double tax treaty does most commonly is say that if you were taxed in your home country, and the tax in Thailand would be higher, you only owe the difference.

The exact details of how this will play out are not known and will not be known until next January.
Craig ********
@Ian *******
if you are going to move 1.6 million THB into Thailand in 2024 and you are not concerned about the changes to the tax law you are a fool. It's absolutely something to consider.
Craig ********
The most exciting part is going to be waiting to see how the new tax regulations play out next year to see if you're going to owe the Thai government a giant chunk of that 1.6 million THB
Craig ********
@Brandon ***********
don't forget you need 2 million in declared capital for that business to employ yourself and sponsor the work permit.
Craig ********
@Brian **********
the rule is it must come from overseas. I guess if you have a paper trail. But that's pretty unusual I would guess and as such, might not be the easiest path through immigration.
Craig ********
@Brian **********
glad it worked out for you. I am not sure everyone who tries it will get their stamp though.
Craig ********
@Miri *********
you need a long-term visa to get a bank account. You need a bank account to get a long term visa. Welcome to Thailand 🙂

Personally I visited about 3 or 4 branches of bkk bank to get my first bank account. They required a notarized copy of my passport from the US embassy as well as other documentation. So that took weeks to sort out.

Bringing a native Thai with you can help as well.

And then there are agents who can get this done for you, for a fee.