mrmagyar

Has anyone with an LTR visa (Wealthy Pensioner, Wealthy Citizen or WFT) bothered to get a Thai tax ID? I understand that there are no Thai tax obligations with these visas but wondered if anyone had got the tax ID and filed proactively, or planned to do so?

Thank you @YaDongImproved

Does anyone what the typical capital structure looks like for a Thai company setup for owning land? Obviously we all know that it's against the law to use nominee shareholders or such a structure solely for the means of allowing a foreigner to own land. However, it remains common. In such a structure, if one was to setup a Thai company with a couple of friendly Thai shareholders for this purpose is the usual procedure to put in a minimum amount of share capital and then the foreigner would loan the company money to buy land and build? Obviously it makes a difference what that capital structure looks like in the event that relations soured with the Thai partners and suchlike. Thanks

Understood on that. But anything that reconfirms this, from the horses mouth, post-tax changes, would be welcome.

Could you link to the facebook thread please? Or tell us which page it's on?

Well this is something of a curveball for those of us with a freshly minted LTR Visa: https://www.thaienquirer.com/50744/thai-government-to-tax-all-income-from-abroad-for-tax-residents-starting-2024/ The commentary in the second related article suggests this is designed to be aimed at Thai's, but it seems LTR visa holders would be caught in the net: https://www.thaienquirer.com/50748/new-tax-regulations-raises-questions-and-concerns/