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Its only a tourist visa, long term, so im not too sure about the CRS/FACTA reporting side of things. If its only paper residence you want, proof of residence would just be a rental agreement, right? I got one for 6 months on a regular TR 60 day visa back in October (I used fazwaz to help me find...

rad! I'm just filling out the forms now and gritting my teeth with the chunk of change involved in getting it, but ill suck it up and do it. Did you have complications with CFC/PE Rules? Thanks a heap for the info! -Skenners

No worries and im debating on Dubai or even Hong Kong after watching that video I posted earlier. Hong Kong incorporation is only ~1.2k AUD compared to the whole FCZO and residency thing in Dubai (when done right, its around 14k AUD). I was thinking that too, but without the elite visa, and...

Just got the answers now. This was the reply I got from Siam Legal. 1) with an elite visa can you easily open regular local bank accounts? Yes, with th Thai Elite Visa, you can open both Thai and foreign currency accounts. You can obtain bank book, ATM cards and online banking. 2) are you...

thanks! Im only pushing money INTO thailand at the moment. Going to look at getting the thai elite visa, then waiting out the year using my offshore accounts to convert smaller amounts until I can start moving money to thailand tax free. Until then, ill just have to use less money in each...

This might be helpful for some of you looking for structure. -Skenners

if you've got the money for it! Im told that substance is more or less just having a physical office, a secretary/receptionist and signage/letterheads, etc. One other guy on here said that he was only spending just under 2k euros per month on substance. -Skenners

Isnt that subjected to substance in the company? I thought about doing the same thing, but Im told that the company would be subjected to substance testing and if it didnt meet the criteria of an actual company, that I'd be taxed as personal income (love you, Australia.. ugh..) Is there a way...

Ok, So ive shot an email to Siam Legal about getting an Elite Visa. Ill do some shopping around as well to see if I can find other places that can answer @Mike Forman 's questions above. Also, with Wise, I've just seen their limitations. I moved over 600k thb for the visa (26k Aud) to my...

Do you think Siam Legal would be able to answer those? or a proper international/thai tax agent would? If I go ahead with the elite visa, ill be asking those questions before I do, regardless. -Skenners

ah k. Would a HSBC multicurrency account work for you then? HSBC are a bit.. dodgey with some stuff, but are global, can handle large amounts, do business accounts and have physical banks in most countries around the world -Skenners

If thats the case, then an elite visa and staying 180+ days in thailand will cover tax residency issues, while paying 0% income tax on foreign sourced income. In my case, I'd offshore a company and trade with that (in say, dubai or something), and hire and pay myself a salary. For my own...

How did you get Tax Residency? and for what reason? (if you dont mind me asking, that is) I also Use Wise and for 4 digit amounts too. I spent 5k AUD (120k thb) on getting a 6 month apartment contract and it took 2 days to process. I DID have to talk to my australian bank to say that it wasnt a...

from what I know, as long as you pay yourself the appropriate amount for your "job description" along with the taxes that go with it, every country should leave you alone. Its when you start paying, like 20k for your "salary" and you're the CEO of some corporation. Looks suspicious. -Skenners

im having the same issue. Im an Australian Permanent Resident, but a New Zealand Citizen. Currently, I have a remote working job in Australia, so im a tax resident there, even though Im living in thailand. But im looking at day trading in the future as a full time job. My thoughts were that I...

As far as im aware, you can open normal thai currency accounts, but I dunno how many banks are multicurrency over here. They're the local banks (krungsri? bangkok bank?). Maybe setup a Wise multicurrency account and a local thai account and just transfer between them. I'm trying to find out the...

depends on your cash and general setup. one of the newer smart visas might work for you. Thailand requires half thai majority ownership with their foreign owned companies, so its not that easy -Skenners

Any of you guys using thailand elite visa? im currently doing border runs, but my last one was such an epic sh*tfest that its put me off doing them. Im just unsure if i want to spend 27k for the visa and only use a year or two because i want to travel more through eastern yurop. Is it worth it...

I dont think they'll tax people at the start of it, primarily because they'd have to distinguish long term travellers (which they want the $$$ of) and people that are living here on tourist visa multiple times. From what I heard, they're trying to stop the multiple long term 45 day tourist visa...

hah you guys are the worst! :D BUT you're also right in some regards, but the application of everything can go for any city you're in. Obviously, the language barrier is a thing in Bangkok, but frankly Thai people know what you're talking about if you gesture enough to it. Like frank said, it...