@Dave ********

I try to provide valuable advice, but there has to be something in it for me.

@Chris ********************

some people require lecturing.

First, your friend should have Facebook and ask his own questions.

Second, Wise easily is the most cost effective- so your “friend”should not discount it.

Third, always send USD and let the foreign country convert it. The exception is when paying by credit card- always choose payment in the local currency.

Fourth, for very large amounts of money- you can often negotiate the exchange rate slightly with the bank’s branch manager on a one off basis.

Fifth, you can leave the U.S. with any amount of USD, as long as you declare any amount over $10,000 USD. According to ChatGPT, you can bring up to 20,000 USD (or its equivalent) in foreign currency without declaring it. There is no limit on the amount of declared money you can bring into the country.

@Gerg *********

None of the 14 approved Thai health insurance companies will give me insurance because my BMI is too high.

@Wayne ******

First, if you’ve run your own business here for 40 years, why would you need to turn to Facebook for advice because you already have the knowledge, visa and work permits.

Second you accuse us of being ignorant, yet you know nothing about us.

Third, I don’t drink alcohol.

@David *********

invest in a Thai partner, or in a line of business you know nothing about.

The second easiest way to lose money is to start a business in a country where you know nothing about the culture, the preferences, the laws or the market.

If you insist, I suggest you consult with a competent, experienced international law firm in Bangkok, such as Integrity Legal.

I am not affiliated with them in any way.

Thailand is fraught with scammers, agents and “lawyers” who will “help” you open a business. You can’t even trust the lawyers. In addition, there are many professions prohibited to foreigners and the laws are designed to discourage foreigners and promote Thais.

I’m not even going to go into all the hands that will be in your pocket.

Good luck. You will need it.

@Chris ******

False.

Kasikorn and many other banks offer Internet banking.

No large business wants thier banking on some employees phone.

@Lonnie *******

because it gives you the option of buying health insurance from any insurance company anywhere, or self insuring.

Whereas NonOA visa requires insurance from one of 14 Thai companies that may, or may not accept your pre existing conditions, or could even refuse you due to your weight.

Have you searched the forum?

And did you mean ฿400k or ฿800k?