Your home country will likely not receive the CRS information if the︀ bank reports to a different country where you are a resident.
Are you running USA LLC from Thailand ?
- Thread starter troubled soul
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I have also been considering USA LLC + Thailand.
I work as a freelance software developer for a few European clients.
I got a long term Thai girlfriend and we have been considering marriage already. If we got married i can get residency + work permit. It also gives me a 3-year path toward citizenship. I just need to earn a minimum of 40k thb per month salary from a Thai company. My girlfriend's father has a Thai company, so if I get employed there doing basically nothing I can just give him the equivalent in cash.
I'm a little concerned if it increases my︀ risk to have a work permit and get a Thai salary as I will be︁ in their tax system. In reality, it probably doesn't change much. Being here and talking︂ to people it seems like hardly anyone who works remotely pays any tax both Thais︃ or foreigners.
If it all works out it seems almost too good to be true.︄ Living in my favorite country, no tax, citizenship in 3-4 years.
I work as a freelance software developer for a few European clients.
I got a long term Thai girlfriend and we have been considering marriage already. If we got married i can get residency + work permit. It also gives me a 3-year path toward citizenship. I just need to earn a minimum of 40k thb per month salary from a Thai company. My girlfriend's father has a Thai company, so if I get employed there doing basically nothing I can just give him the equivalent in cash.
I'm a little concerned if it increases my︀ risk to have a work permit and get a Thai salary as I will be︁ in their tax system. In reality, it probably doesn't change much. Being here and talking︂ to people it seems like hardly anyone who works remotely pays any tax both Thais︃ or foreigners.
If it all works out it seems almost too good to be true.︄ Living in my favorite country, no tax, citizenship in 3-4 years.
The path is towards permanent residency, not citizenship.
It really makes no sense for︆ you to waste money by being employed by your father-in-law's company when you can simply︇ have the marriage visa, which allows you to stay indefinitely in Thailand, as long as︈ you stay married.
Also, if you're married and you really want a work permit, you︉ can create a company with your wife and hire yourself after hiring 2 Thai employees.︊ One of these employees can be your wife, hence in reality you only need to︋ hire one Thai employee.
It really makes no sense for︆ you to waste money by being employed by your father-in-law's company when you can simply︇ have the marriage visa, which allows you to stay indefinitely in Thailand, as long as︈ you stay married.
Also, if you're married and you really want a work permit, you︉ can create a company with your wife and hire yourself after hiring 2 Thai employees.︊ One of these employees can be your wife, hence in reality you only need to︋ hire one Thai employee.
If you stay over 183 days in Thailand, you’re a tax resident of Thailand and taxed on your worldwide income. The only way it works is if you’re a passive investor in your company. Then, and only then, is it foreign sourced income. It makes no difference where your company is based. The place of management is Thailand so you have PE in Thailand. So it’s now Thai sourced income. If you’re comfortable with tax evasion, you’ll be fine
barely anyone gets citizenship in Thailand lol
This isn't set in stone, currently...
As it stands as long as the︋ funds are not remitted back to Thailand those funds (personal) are tax free...
As for︌ the company, this is an open question on whether Thailand will be taxing the overseas︍ company in Thailand because the Director resides in Thailand (say it has low substance outside︎ of Thailand).
This isn't set in stone, currently...
As it stands as long as the︋ funds are not remitted back to Thailand those funds (personal) are tax free...
As for︌ the company, this is an open question on whether Thailand will be taxing the overseas︍ company in Thailand because the Director resides in Thailand (say it has low substance outside︎ of Thailand).
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