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NHR 2.0 is already in place, and it's not too bad.... No taxes on foreign capital gains, no taxes on foreign income for 10 years.

There is no perfect place, but if you find one let us know, we are all looking for it. If you want good weather all year around (except for a couple of hot months), white people, English speaking, safe, tax friendly, good location, easy life, good schools... Cyprus could be it.

You made the right decision by moving out of the UK. The Western world is doomed. Luckily the world is a big place, EU politicians hate that! I wouldn't be surprised if European countries follow the US and they start asking you to pay taxes back home just cause you have a EU passport (always a...

Irrational exuberance

I understand you, I've spent most of my life hiding my wealth from uncle Sam, but when it comes to Thailand and given the new regulations, you want them to know that you had X amount of money before you became a tax resident, so they let you remit that money without having to pay taxes (imagine...

Yes, I have the LTR Visa, so I had to show them my savings to qualify (portfolio/bank statements). All that I'm saying is that you want to be able to prove, whenever required, that you had X amount of money before you become a tax resident. The idea is to be able to spend your savings in...

I showed them my stock portfolio, but then they told me that the LTR visa doesn't pay taxes, so even better.

Yes, I know you don't have to, but better to tell them in advance how much savings you have before becoming a Tax resident (at least that's what I did, just to make sure that I'll never have to pay taxes on my savings).

You declare that when you go to get your Visa, or as @wellington mentioned when get audited (Banks will report your transactions to tax authorities and you have to declare). So keep your bank statements.

Everything is possible, but you're assuming that more money printing is on its way, implying that rates are going to come down and the economy is going to slow down substantially. And if there's is a recession, even if they decide to bring rates down to 0% and they start printing money once...

The Chinese are buying Elite visas like hot potatoes.

Declare your savings before you officially become a tax resident and you'll be able to enjoy those savings in Thailand tax free.

"I need to invest...." Why do you "NEED" to invest? Is there a reason why you can't just park your money in a money market fund and wait for a proper correction? Buying when the market is so overvalued is not a good idea in general. I wouldn't touch the stock market with a 10 foot pole.

The Revenue Department is preparing to amend a law to collect taxes from individuals who have income from abroad, even if that income is not brought into the country. According to Kulaya Tatitemit at the department, the current tax law calls for individuals who reside in Thailand for more than...

Back in October of 2023 OCIF shut down Nodus Bank, just 10 days ago the owner of Nodus Bank filed a lawsuit against OCIF. @Pschiff are you next?

Peter, you either do something about it or you try to put it behind you, fight or forget about it, staying in between is what kills you. Talk to your lawyer and see if there's a case against OCIF/IRS given everything that you know now. You have nothing else to lose at this point.

I would make sure to carry on using a US Broker so you keep SIPC protection.

Back in 2000 I was shorting a lot of Tech stocks, it was too obvious that it was a bubble, there were so many Tech companies with absurd valuations, it was crazy. It's "easy" to make money on a bull market and on a bear market, the challenge comes when the market is trading sideways. I no...

My average return is 10%~30% over the course of a year (I've had a couple of years with a 50%~60% return, but that was just the luck of the Irish). My winning rate goes from 40% to 60% (you can still be profitable with a 30%~40% winning rate). My maximum drawdown has been 10%, but generally is...

Unfortunately that's so true. A lot of people get into trading thinking they will get rich very quickly, and that's how they blow up. Trading is a marathon, not a sprint race, risk management is everything (I never risk more than 1%~2% of my capital. If a trade is losing I get out, no ifs or...