Dooball

Accountant confirmed something like you said, but i have a meeting set up to discuss the details, need to be sure ofcourse. ????

I'm in a split, at the moment it just doesn't sound too appealing to move to Thailand. The only reason i would move right now is the low tax. I have some very prosperous projects coming up the next 2 years which can set me up for life. If i stay in Europe then the effective tax rate on my income will be around 45%.

If i move to Thailand that will be much lower to none.

So, sacrifice 2 to 3 years of my life and earn 45% more nett. so i can possibly retire before 40? Or just stay in Europe and keep working 3 to 5 more years.

Ok, interesting.
 

It sounds like you have some experience with it, do you have a business in another country too?

Ok, good to know. So then it's just a case of keeping the funds outside of Thailand for a year before wiring it to a Thai bank account.

What if i never wire my income to a Thai bank account and keep it offshore forever? I can pay bills or whatever easily using my offshore account and transferwise.
Does withdrawing from an ATM count as bringing funds into the country?

Is working for an offshore company without a work permit 100% legal, or a grey area? Like there's no law covering that aspect so they kind of tolerate it until they don't....

As a sidenote, it's really unfair.

Wifey received a 5 years residence permit in Europe, can come and leave as she pleases. No reporting to do, no need to buy any visa or whatever. No ridiculous requirements like DRAWING a map and providing photo's of us on the freaking bed when she applied for her residence. No harassment by immigration officers when entering the country.

She can buy and own land, do any work she likes, is entitled to benefits if needed and has amazing health insurance which covers her pre-existing illness.

Me coming to Thailand? NONE of the above. Living in Thailand now sounds nothing more than an extended holiday really. I can great weather and a much better quality of life too in Southern Europe.

I'm now only half sure if i want to make the leap. We've been discussing it and maybe we will relocate to another European country, and visit Thailand for holiday only. 8 months Europe, 4 months Thailand.

The only drawback of living in Europe is the tax.... Although Portugal offers great tax incentives to new residents.

8 hours ago, Tanoshi said:

I notice from your other topic your 32 and suffer from autoimmune disease.

Just a thought, but how do you propose to finance staying in Thailand.

I have savings to live off from for a few years. The autoimmune disease is pretty much under "control", i've not been on medication for several years. Asthma is still a problem but inhalers are cheap.
The first year i don't want to do anything, i really need a year off.
 

After that i hope to work for my LLC which is a disregarded entity (pass-through taxation to country of residence). I'm unsure if i need a work visa for that because it's not a Thai company, funds are not located in Thailand and the business does not have any customers in Thailand.
Either that or change the tax-structure to corporate and then live off dividends.

I'll probably need to contact an accountant or tax specialist in Thailand about the matter.

Does Thailand still only tax territorial? If so, then probably i'll have to pay no tax at all.

14 hours ago, elviajero said:

You can open a bank account any time but the funds will need to be in your account for at least 2 months before you apply for the extension. Your initial 90 day stay can be extended by 60 days if you need more time before applying for the extension.

 

It's not easy. Bangkok bank is a good option unless you know a foreigner or Thai with a good relationship with their bank and can introduce you.

 

From Bangkok banks website;

 

• Foreigners without a work permit

Passport and one of the following documents:

A reference letter issued by one of the following institutes or organizations

• Embassy or international organization
• International institution, e.g. pension certificate issued by overseas organization
• An overseas bank where the customer holds an account sent via SWIFT
• Trusted individuals such as a Bangkok Bank staff member or customer, government officer, director of a private company, government or private educational institutes located in Thailand trusted by the Bank
• Trusted companies, e.g., an employment letter from the company if the customer is in the process of applying for a work permit.
   

Other documents with the customer’s name and address can be used as supporting evidence for opening a bank account(in addition to the documents stated above) such as a lease agreement or apartment sale agreement.

Thanks, so it will be either - An overseas bank where the customer holds an account sent via SWIFT OR i have to bribe someone to vouch for me.

1. Arrive in TH on visa exemption

2. Open bank account (but how???) and deposit 400k

3. Get non imm. o visa at Savannakhet
4. Enter TH with non imm. O visa
5. After 90 days extend visa with seasoned funds in bank account.

Is that order correct?

I'm just trying to figure out how to open a bank account on visa exemption... I read it's not allowed for tourists to open a bank account, a work permit is needed for that.

I found this bit of information mentioning after entering the country with marriage visa i have 90 days to extend it for 1 year.

Once you enter Thailand you have 90 days to extend this visa for 1 year and this process normally takes 3-4 weeks to complete. They will need the following documents for the extension for the visa.

• Copy of your passport;
• Copy of your Thai marriage certificate (both versions);
• Copy of your Thai wife’s ID card;
• Copy of your Thai wife’s Tabian Baan (House Papers)
• Copy of a map to your residence in Thailand;
• Copy of photos showing you and your wife together;
• Copy of your bank book showing 400,000 THB in your bank account;or
• Copy of your income showing 40,000 THB per month in income

https://www.thaiimmigration.net/marriage-visa-for-thailand.html

It sounds a bit simplified, some users report officers coming to their house, having to take ridiculous photo's on the bed, in front of the fridge etc.?

And then i still have to report my address to immi. every 90 days?

Why not attach a GPS tracking device to my ankle? Jeez.

 

After the first 90 days i have to leave the country, then return. Atfer 90 more days i can extend for 1 year by providing financial proof like the 400k in the bank. Is that correct? I then do not have to leave the country for a whole year.

Sorry, it's a bit confusing! Maybe i'm overthinking it.

if someone could post a schedule with days allowed to stay then leave, extension date etc. that would be really helpful.

Thanks for the replies.

So if i apply for a multi entry Non Imm O Visa at savannakhet no fianancial proof is required.

But it will be required when i extend the visa after 12 months at the Thai immigration office. How many times can the visa be extended?

UbonJoe, you speak of 90-day entries. Do i have to leave the country every 90 days on a marriage visa?

Does anyone know what the current requirements are for a marriage visa?

400k in bank or 65k monthly?

I read somewhere there's a consulate in Laos which does not require any financial proof for a marriage visa. Is that true?