Is it possible to obtain a Thai tax residency certificate without spending 180+ days in the country, for example if you get a local job and pay some tax?
Thai tax residency certificate without spending 180+ days in the country?
- Thread starter JustAnotherNomad
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buy rental property........they provide your tax id (Not Tax residence certi) without spending one day in Thailand.....
Are you for real?
- Hello, I would like to buy a car.
- You can buy cat, much cheaper, only one letter difference. Almost same thing.
- Hello, I would like to buy a car.
- You can buy cat, much cheaper, only one letter difference. Almost same thing.
You can easily get a tax ID, but in order to get the tax residence certificate you need to pay tax and also spend over 180 days in the country. Official information: Certificate of Residence (Individual Taxpayer).
If you're not a tax resident (=if you don't live in a place), you typically have to pay taxes only on local income, such as rental income.
To pay your taxes, you have to submit a tax return. On the tax return, you have to provide some number to identify yourself - a tax ID (ITIN in the US, CPF in Brazil, ...).
So it's typically very, very easy to obtain a tax ID as a nonresident, you just have to create a situation where you owe taxes, possibly not even that.︀
Such an ID proves absolutely nothing to nobody as anyone can apply for it.
To pay your taxes, you have to submit a tax return. On the tax return, you have to provide some number to identify yourself - a tax ID (ITIN in the US, CPF in Brazil, ...).
So it's typically very, very easy to obtain a tax ID as a nonresident, you just have to create a situation where you owe taxes, possibly not even that.︀
Such an ID proves absolutely nothing to nobody as anyone can apply for it.
Opening a bank account/buying a car/etc. doesn't require a *tax* residence certificate. It (sometimes) requires a residence certificate, which you can get at any immigration office for 500 baht even if you're currently staying at a hotel for a few days.
Guess we're back to your Google Sheet then - which country has good tax benefits with a short stay, while also having a good treaty network?
What is emerging from the territorial taxation sheet is that Malaysia has one of the lowest amount of days to tax residency (90), has a good treaty network (but not sure if you are looking for a treaty with a country in particular) and apparently the government will leave you alone (but this has to be verified).
Second best is Portugal under NHR where there isn't a minimum amount of days to be spent in the country but then again, as you know,︀ is a jurisdiction that works well for passive income so if you work actively for︁ the company and you are the only shareholder / director then you enter in the︂ high voltage zone.
Look i'm by no means a UAE expert but since you said︃ that you like UAE did you think about forming an offshore company (US LLC for︄ example) use the UAE remote worker visa and hire a director for your US LLC︅ in a location where the government doesn't care like Thailand, Malaysia, Panama or some African︆ country?
In this way you can be paid a tax free salary in UAE and︇ the company isn't considered tax resident in UAE because is managed offshore.
Second best is Portugal under NHR where there isn't a minimum amount of days to be spent in the country but then again, as you know,︀ is a jurisdiction that works well for passive income so if you work actively for︁ the company and you are the only shareholder / director then you enter in the︂ high voltage zone.
Look i'm by no means a UAE expert but since you said︃ that you like UAE did you think about forming an offshore company (US LLC for︄ example) use the UAE remote worker visa and hire a director for your US LLC︅ in a location where the government doesn't care like Thailand, Malaysia, Panama or some African︆ country?
In this way you can be paid a tax free salary in UAE and︇ the company isn't considered tax resident in UAE because is managed offshore.
I've heard that even people who have lived in Malaysia for 20 years and are well-integrated are now moving. Seems like it's not a good place for foreigners anymore.
Yeah, but then you need substance somewhere else. Seems like︃ Malta/Cyprus are the most interesting options, but then you're looking at 5% tax + substance︄ + accounting.
Yes, I've thought about that, but:
1. How to find︉ such a director?
2. If you get a local (e.g. a Thai director in Thailand)︊ - would they really not care? I would think that it increases the risk.
3. If you do any kind of work for the company in the UAE, then there's︋ a major risk that there's a taxable PE for the company. So I can't imagine︌ a digital nomad visa would work.
4. The UAE doesn't have such a good tax︍ treaty network, so in the end, the benefits might be very limited.
I'm a nomad,︎ I'm just looking for a good base. I could also get residency in Paraguay -️ it wouldn't be tax residency, but it might be just as good as UAE residency, without the risks.
Or I could get residency in Thailand, get a local job and pay some tax there. Still no tax residency, but at least I enjoy living in Thailand.
I really like living in Dubai, especially because of its location close to Europe. You can go on weekend trips to Italy or France or Georgia, everything is so close. But I absolutely don't want to start submitting tax returns there. It's the wild west and there's no rule of law. Even if you could appeal a decision, lawyers︀ are so expensive that it's never worth it.
I've also thought about getting residency in︁ Qatar, but Qatar is extremely boring and they have very few tax treaties.
I was︂ hoping that there may be some way to get a tax residency certificate from a︃ country like Thailand while spending less than 180 days, because shorter absences would not be︄ counted (like most high-tax countries do it).
I guess one last option would be residency︅ in a country like China or Japan that don't tax you for the first 1-5︆ years or so in the country...
Yeah, but then you need substance somewhere else. Seems like︃ Malta/Cyprus are the most interesting options, but then you're looking at 5% tax + substance︄ + accounting.
Yes, I've thought about that, but:
1. How to find︉ such a director?
2. If you get a local (e.g. a Thai director in Thailand)︊ - would they really not care? I would think that it increases the risk.
3. If you do any kind of work for the company in the UAE, then there's︋ a major risk that there's a taxable PE for the company. So I can't imagine︌ a digital nomad visa would work.
4. The UAE doesn't have such a good tax︍ treaty network, so in the end, the benefits might be very limited.
I'm a nomad,︎ I'm just looking for a good base. I could also get residency in Paraguay -️ it wouldn't be tax residency, but it might be just as good as UAE residency, without the risks.
Or I could get residency in Thailand, get a local job and pay some tax there. Still no tax residency, but at least I enjoy living in Thailand.
I really like living in Dubai, especially because of its location close to Europe. You can go on weekend trips to Italy or France or Georgia, everything is so close. But I absolutely don't want to start submitting tax returns there. It's the wild west and there's no rule of law. Even if you could appeal a decision, lawyers︀ are so expensive that it's never worth it.
I've also thought about getting residency in︁ Qatar, but Qatar is extremely boring and they have very few tax treaties.
I was︂ hoping that there may be some way to get a tax residency certificate from a︃ country like Thailand while spending less than 180 days, because shorter absences would not be︄ counted (like most high-tax countries do it).
I guess one last option would be residency︅ in a country like China or Japan that don't tax you for the first 1-5︆ years or so in the country...
To go where?
It surely have something to do with the foreign sourced income remitted in Malaysia that's will soon be taxed.
Malta's structure could be very expensive to maintain and it has to make sense for your business model.
At some point i feel︀ someone from this forum will start a business to provide company directors in a tax︁ free jurisdiction.
To avoid such risk you can hire yourself thorugh remote.com or similar services.
That would be a good short term idea.
It surely have something to do with the foreign sourced income remitted in Malaysia that's will soon be taxed.
Malta's structure could be very expensive to maintain and it has to make sense for your business model.
At some point i feel︀ someone from this forum will start a business to provide company directors in a tax︁ free jurisdiction.
To avoid such risk you can hire yourself thorugh remote.com or similar services.
That would be a good short term idea.
They haven't decided yet, as far as I know.
No, they had high-level positions in local companies. It had nothing to do with taxes.
Lol, I would never use a service provided through the forum.
How? You mean commit tax evasion in the︁ UAE?
Maybe we should start another thread/sheet about such options...
Yes, for banks it may be OK, but not for taxes, such︄ as reduced withholding tax rates, etc.
That as well.
No, they had high-level positions in local companies. It had nothing to do with taxes.
Lol, I would never use a service provided through the forum.
How? You mean commit tax evasion in the︁ UAE?
Maybe we should start another thread/sheet about such options...
Yes, for banks it may be OK, but not for taxes, such︄ as reduced withholding tax rates, etc.
That as well.
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