@Steve ******

no Steve, it is not a bank. Wise themselves state this.

Basically, Alex, as you may have gathered there are many keyboard warriors that say it can be done, as they read about it somewhere x months / years ago. Bottom line, the agents are saying they can't help. When the agents can't get you a bank account then you have close to zero chance. Best of luck .

@Ravit *****************

not for the wealthy pensioner option 🤣🤣

@John *********

and that is significant for some folks.

@Tim **********

same as Aussie Super and most other savings plans worldwide. Until you transfer the funds to a bank account in your name, it is not your income. You are the beneficial owner, but not income in your name from a legal POV. Even when you transfer funds be careful about how you perform this. In my experience the BOI do not like once a year transfers. In their world people need regular monthly / quarterly income steam.

Your company will have a contract with the client. Does the contract specify you to provide service or can anyone do this from a contractual POV? Does the contract state that the services you provide can be delivered remotely? If both of the above then send a copy of the contract, and state the relevant sections. If not, then you are going to have to be a little creative.

@Todd ********

not sure you are correct on that Todd. I think there are a fair few who play the 4 months times 3 deal. Just keep moving on. If you have no perm address, no close family ties, no business interested on what basis would any tax authority prevent you from being non tax resident? Let's exclude Uncle Sam as that may be more difficult. However let's assume you are correct and let's assume somone gets the LTR, gets a Thai tax number, then removes from other jurisdiction. Now they are only tax resident in Thailand but their worldwide income and capital gains are exempt due to the LTR. So our friend could still make the 320k per year and pay zero tax. All legit and above board. Thoughts?

@Garrett **********

correct, in theory. My experience, with multiple LTR applications is that without a tax return showing passive income the LTR processing folks do not like it and raise just about every question they can and then reject it without any explanation or discussion as to why.. income, documented from super fund and receipts into bank account supplied well in excess of required amount. Being tax exempt these amounts do not show on a tax return. But they keep asking and I keep sending. They really can't get their head around passive income that does not show on a tax return, especially if one can decide how much to draw every year.

@Willem ***

correct, and they consult with other agencies, immigration being one of them. However let's not get into the technicalities - Somone does not understand untaxed passive income very well.

The issue is that, IMO, immigration folks just do not appear to understand how your income is not taxable. Same with Aussie Super - they just don't like it. It is probably a lot easier to pony up the $500k and invest in Thailand. Then go for the Wealthy Global Citizen. With the dividend income you state this should be no big deal. The recent (last week) changes mean that there is no longer an income hurdle with this option .