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Ian **********
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Ian **********
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Ian **********
Why do you need to transfer money here for tax purposes?
Ian **********
It depends on where you are applying, as some Embassies require the balance for 3 months, and others only require the final balance to be 500k. I would supply statements from both accounts
Ian **********
Legally, yes, but many ppl on DTV do not bother at all if they plan to leave every six months.
Ian **********
You are correct, as the DTV is attached to your old passport. If your new passport has a different number, then carry both passports until you have time to attend immigration and have it transferred.
Ian **********
@Sanne ********
If your children are Thai citizens, then you can all go through the fast track for free
Ian **********
@Jordee *****
I wasn't saying keep the money in your home country, I was just advising not to move so much to Thailand. The banking system here is in upheaval, with many expats having their accounts frozen.
Ian **********
Thai banks have different limits on maximum transfers, so check the Wise website. Why are you transferring 1.5 million baht when you only need 400,000 for a marriage extension? My advice would be to not keep more funds in Thailand than is necessary.
Ian **********
Very good information. Just to add, the fine for not completing a 90-day report is 2000 baht. Currently, when you leave Thailand, the IO doesn't know if you did a 90-day report or not, which is why some DTV holders who leave every 6 months do not bother with 90-day or TM30, as they do not have to deal with immigration. I haven't tried this yet, but I will report if this is true.
Ian **********
For me, the biggest benefit of a DTV is that you do not have to have a large fund in Thailand, as the 500k can be in your home-country personal account. Once the visa is issued, you can transfer the money to a high-interest investment account. I cannot see an advantage to you in converting before your extension runs out.