You can deeply understand something but still not predict nor control the future.
All that matters is your own conviction, either backed by extensive research and learning or just true intuition.
Diversification is inversely proportional to the degree of conviction.
How long is soon? The same has been said for Dubai few years back ...
For the time beings and beyond I think zero/low tax offshore structures will more and more become short term solutions for very specific business and needs.
In Thailand the most reliable and up-to-date information is always from the horse's mouth.
In that case Bank of Thailand responsible of Exchange Control Regulations.
https://www.bot.or.th/en/our-roles/...ion.html#accordion-89d74b5d26-item-394b0956bc
It's $15K equivalent in/out without customs declaration according to BOT:
Bringing into or taking out of Thailand baht banknotes in an amount exceeding THB 450,000 or foreign currency banknotes in an amount exceeding USD 15,000 or its equivalent requires a Customs declaration when entering or...
Most of foreign tax residents (especially Russian, Chinese, Indian ...) will certainly not pay up to 35% tax on their big remittances if it can't be easily tax-exempted. They'll simply not declare it (what they actually do) or spend their money elsewhere.
Pure speculation at this point.
These are rules and there is practical application of it. There is no report, except exceptional criminal cases, of people being hit hard with tax penalties in Thailand. Tax collection is very low, this is factual.
Indeed.
But in reality nobody will knock at your door to audit you. Even less if you are unknown from TRD.
And IF it happens it's always negotiable and will be a one-time event as people will then flee or tax-free structure themselves accordingly.
How long do you think real-estate market can...
There is still nothing to scare about taxes in Thailand, tax rules are not enforced. High corruption everywhere denies any efficient tax enforcement. And if it unlikely happens new tax loopholes will be created on the fly for the wealthies. Same applies all over Southeast Asia except Singapore.
Sure, the little prerequisite is to have at least 8 figures that you can lock for -possibly- years.
Unless what they borrow is a tiny % of their assets, not sure these people sleep well during a long-lasting bear market impacting their collateral.