BTC LH to prior range, then EQ the rest of the year between yearly low and yearly high.
So now long, then short, then long, then its Christmas again.
Thailand 0% tax
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BTC LH to prior range, then EQ the rest of the year between yearly low and yearly high.
So now long, then short, then long, then its Christmas again.
They will go up.
If they do not go up, then they will go down. Eventually also they go sideways. 😉
Rain comes and goes most of the time, only a period in a month where it just pisses down non-stop (best period to get to the alps for the beginning of ski season and cookies with coco - late oct)
I don't get this one, I mean if you live 'thai style' its cheap, but western style its more costly than london, hk etc for the usual comfort foods, or beach clubs etc.
Depends on the value of your time.
If you make 30k a year then it makes sense that 5.7k for a day dealing with people and paperwork, is better than 120k THB.
If you make 1m -5m a year then that day costs 2.7k to 13.7k$
If you are a baller, you travel to nearly all continent's annually... so the weather doesn't really bother you.
Starting to get a reading this forum has been overtaken by low income tax evaders opposed to sophisticated entrepreneurs following legal tax planning by some of the commentary of late lol.
I stopped socialising outside of my circle of trusted friends years ago, because i got tired of hearing how this 'wife' stole his house or that 'wife' stole his car.
They got a little upset when i pointed out it must have been on finance and the banks won't release a financed asset to a third party not on the finance so basically it was hers in the first place because she took on the finance.
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Now aside from that, forigners can obtain finance for landed property, and can obtain chanute status subject to investor visa, they can also obtain actual credit cards and home (yes) home loans, just need to have a long history of the bank - i know as i got all that in 2012 - Platinum card, and 19m THB (then) authorisation on property purchase.
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You must be hanging around with the 'ballers' (cheap charlies).
Last edited: Jan 31, 2023
yeah man but not everybody likes traveling every few months.
Ive been a nomad since covid and this is getting old already.
I never sleep in my own bed, chairs are usually trash, wifi sucks, water pressure is off, etc... Theres always something that goes wrong.
What you just said indicates you havent actively tried this life before.
I met a guy here in Bangkok.
He has lived here for 8 months. He has a bank account here.
He doesn't have a residence permit, he does visa runs, and it works.
So moving to Thailand is pretty easy.
Banks don't care about you. The tax authority also doesn't care.
You can rent a lovely apartment downtown for $1000-1500 and live like a king with malls and all the services a big city can provide.
What can you rent in Dubai for that price, a studio apartment?
Yeah, and here you will pay monthly, in Dubai, 1-2 cheques.
If you have some activities, like martial arts or something like that, you will pay in Dubai 10x the price you can have in Bangkok.
It's also easy to travel here in the SEA region, takes like 2 hours to get to the any country, and the price is only $50.
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He has lived here for 8 months. He has a bank account here.
He doesn't have a residence permit, he does visa runs, and it works.
So moving to Thailand is pretty easy.
Banks don't care about you. The tax authority also doesn't care.
You can rent a lovely apartment downtown for $1000-1500 and live like a king with malls and all the services a big city can provide.
What can you rent in Dubai for that price, a studio apartment?
Yeah, and here you will pay monthly, in Dubai, 1-2 cheques.
If you have some activities, like martial arts or something like that, you will pay in Dubai 10x the price you can have in Bangkok.
It's also easy to travel here in the SEA region, takes like 2 hours to get to the any country, and the price is only $50.
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You can easily do it almost anywhere 🙂
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Indeed. Bkk has no shortage of where money can be spent. But Banyan tree rooftop gets odd if you go every night 😉. You get however a good experience for it while in other cities this amount is just meh.
Such stuff works great for the first year, with luck the second. But thereafter, immigration guards usually get sus about what your up to. Malaysia is more chill with this tho.
It works until it does not. I would not base a whole strategy on it.
Difficult these days to find a studio in Marina/Downtown for that price. Rents went up a lot.
Dubai has a complete different profile so its kinda hard to compare...
Currently I am looking for countries where you can enter quarterly (90 day tourist visas), so to speak with the pleasant weather travel. I like it warm around 25 degrees. Any suggestions?
But the current world situation does not make it easy.
Bingo.
He is probably considered a tourist with non-resident bank account. Not a long-term setup and from tax perspective, I bet he is still tax resident at home (digital nomad mentality).
I still don't know is elite visa just a tourist visa + golf/massage/airport lounge/fast check or is there something more to it?
Last edited: Jan 31, 2023
Again, it goes by tax residency.
That said, this guy can do visa runs. If he is present in Thailand for more than 180 days per year he is an ordinary tax resident in that given year.
If it's relevant to him he can try to get a TIN and it is fine.
There is nothing more to it. It's a simple tourist visa!
Official categorie: PE (Privileged Entry visa).
The Thai Elite visa has absolutely nothing to do with residency.
Last edited: Feb 1, 2023
I don't 'rent'.
So no never experienced those issues.
Full of crooks lol.
It's interesting why they open a bank account on a tourist visa.
Anyway, with 10k baht you can open a bank account as a tourist without an elite thai visa 🙂
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Back in the day, you used to do that with a required injection of 50k THB cash plus insurance lol.
Most if not the vast bulk of expats below 45 are on some form of tourist visa or derivative quasi tourist visa.
The older generation (retirees) have mostly been priced out of Thailand since Covid kicked off, or hanging on by a thread.
New generation came in from 2021/2022 onwards (tonnes of Americans at first, then Russian's).
European expats have been culled left right and centre.
Nothing surprising. It is absolutely fine when they do that: Thai Elite is a long-term visa (exceeds 12 months), categorized under Tourist Visa with code PE (see my post #52).
BoT allows Thai banks to open any sort of account for holders of a long-term visa, no matter what categorization.
is it only for extension, or for initial application to this type of visa as well? What about bank statements from abroad, they don't consider it?
FATCA is a one way reporting, voluntary one btw, there's a form a financial institution will ask you to sign if they comply with FATCA and you sign it but voluntarily. There's no reporting from US towards other countries, only one direction, from countries to the US. As far as I know. (US will get tired of reporting all its financial accounts to all other countries smi(&% it's practically impossible, and US also would never do it, since it undermines national security... they'll do such thing only if they'll become a 3rd world country after war with China lol, so China will get reports from all other countries into itself, but won't report its own people to other countries since nobody can force it to do so, just as example)
Last edited: Feb 1, 2023
Personal accounts of non-resident aliens in USA are reported to other countries via FATCA since 2014.
So I can share dividends from my offshore company without any penalty? And I would get a paper telling me that I presented my taxes properly?
I want to move the funds from an offshore company to my personal account so I can buy properties in my home country (or other contries if I like them) and I'm pretty sure that when I appear with a bunch of money from nowhere they are going to ask, so I want to show them that I already taxed that money (although it is 0% tax, but is not the same as tax evasion).
PD: I'm going to move from country to country each 6 months or so, so no permanent tax residency for a while, but I'm afraid that when I end my digital nomad adventure my country asks me for the money I have in my account when buying properties and I'm not able to show them that they have not the right to tax me for that money.
Last edited: Feb 1, 2023
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