wildparker

Thanks so much for the great input here. I paid a lot of money to so called experts in consultation calls and this here has already been more worth it then these two combined ???? I think the main thing I wonder about is that if I already pay my corporate taxes if this is enough to pull money out of the company? Because in Canada where I am currently at I have to pay corporate tax but then also have to document my personal salary that I pull out of it. My current setup is: 1. Pay corporate tax on my company earnings 2. Pay salary to myself that also gets taxed (tax residency) 3. Have it available to spend My hope is 1. Pay corporate tax outside of Thailand wherever I have my company 2. Spend the money without any 'second' personal tax in Thailand due to the Elite Visa. This is the main thing I am struggling to understand . It might sound really dumb but I am having hardships finding an answer on this. A lot of people say it's better to have both company and tax residency outside of Thailand so that you have a full documentation on all your taxes done IF any agency ever starts digging around. My only problem with that is that if I have tax residency in another country I am also supposed to spend time there per year which I don't want. (182 day rule) I just want to be in Thailand..

Hey there, I hope your doing good! ???? I signed up to ask about a few doubts I have about the Thai Elite Visa program. I read through a lot of threads too and while it's been very informative I still feel a bit confused. I saw a blogpost on Xolo about a German entrepeur lady that lives in Thailand and has the Estonian company through the e-residency program. I would like to do the same thing. I already have my e-residency card and basically I am ready to start my company in Estonia. What I would truly like to know about this Thai Elite Visa, am I able to get a Thai Tax ID and does it automatically make you a tax resident of Thailand? Or do you still only get that by staying 180 days a year, and this Thai Elite Visa is only the bells and whistles that makes it easier to do so. As mentioned earlier I have plans to net passive income out of a company in Estonia for my future. Estonia would be the country where I pay my corporate tax. I have no business plans at all in Thailand. If I was simply allowed to get tax residency in Thailand with this method then wouldn’t it allow me to receive all of my income from these foreign companies, 1 year after it’s generated, tax free for the next 20 years? Or am I missing something here? That would seem to be the greatest benefit of all. But if the Thai Elite Visa still makes you a slave to the 180 day time count then it doesn’t seem so good afterall.