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Indeed, it is not a residence visa. I am a bit disappointed that the Egyptians did not go further and make it a real residence visa. The 90-day rule conflicts with the current 180-day rule for tourist visa extension. It takes some charm out of the new visa. Last edited: Jun 19, 2023

You should start with your own research. Nobody here can seriously recommend a health insurance. A recommendation depends on your citizenship, age, history of illnesses, waiting period and many other individual factors.

No, not worth it! Wise card offers are only available for a select number of countries (mostly the Western world, of course). Due to this limitation, Wise competes with Revolut. And Revolut card products are way better than everything Wise has to offer. For basic transaction stuff, Wise is...

There are many banks/countries like this. Mostly those who joint the OECD Standard without having been "asked" (o.k., that's a bit different with Thailand - they were "asked" to join). Seems nobody really cares if the less important countries report wrong data.

My bad. Writing in a rush is never a good idea. Corrected and extended sentence: "Let your financial institution (FI) know where you are a tax resident. Verify that your FI got it right."

Why so complicated? Reporting is done by tax residency. Let your FI your country of tax residency, be able to proof it (self-declaration) and good is it.

Staged ban-:;

Yes. (This has already been discussed several times).

These are equity and RE ETF's. Do you hold any bonds or fixed income ETF's to balance the equity risk?

Actually, in the case of a foreigner, it is always the other way around: A foreigner needs to produce evidence of being a resident; otherwise, he/she will always be considered a non-resident. The financial institution then has to determine the tax residency of its foreign client. The (Thai) MoF...

Your passports are irrelevant. CRS is based on tax residency. If Thai financial institutions manage to get that right is another question -> see post #190 for a more sophisticated case.

The question is if a Thai financial institution understands the difference between tax residency and legal residency: A person on a tourist visa (note: Thai Elite is nothing more than a tourist visa) has a bank account in with a Thai financial institution. This person holds an Australian...

There is no "BUT". These rules are just what a civilized society should adhere to: "Do not disturb your neighbours between 10PM and 06AM" (details to be found in your individual rental contract). Why not bring out paper a night before? Rain/snow makes it wet. It is difficult to efficiently...

Oh, really ... ns2 . Great to know that such a nice guy is out there stupi#21 ... Which, if true, should not be the basis of any discussion at all. ... Which doesn't make it right. ban-:;

You definitely have a reading deficiency. Try it again and use stronger glasses. This is common sense. However, it has absolutely nothing to do with what I mentioned in post #5 nor does it have any connection with the OP's thread and PY. So, stick to the topic! Stop destroying this thread and...

Are you Pepe? Your post is as absurd as his video stupi#21 I strongly suggest you start learning the basics before posting such unqualified stuff. Start with the following -> Tax residence - Wikipedia May it enlighten you! Note: If a person stays his/her entire life in a single country, has no...

Put your money in a term deposit. If you are scared that -in theory- a term deposit/CD can be "broken" (even though a brick & mortar bank will require physical presenceif you do that), put your money in a fiduciary deposit. The latter can not be terminated during its term. The above is the...

If the person in question has no more ties to his/her country of citizenship + the country of citizenship has no specific clause to tax citizens even if not resident + he/she stays 120 days/annum in PY: There is no reason to assume that this person is not a tax resident of PY. However, leaving...

No. Try evaluating what kind of compliance is required when dealing with US-persons. It is a legal nightmare. That legal nightmare has nothing to do with FATCA (which anyway dismisses your tax claim). No. A tax return proofs nothing with regards to "source". One of the reasons why a serious...

This Pepe is selling hot air. Do not fall for it! What he is doing: Mixing residency with tax residency. Just because you have a residence permit (in the case of PY not even a permanent one) doesn't mean that you can claim tax residency. If you do not stay 120 days in PY you are simply not a tax...