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Currently, the majority of Japanese digital nomads are making plans to escape from Thailand. On Twitter, you can see the highest number of comments in the world from Japanese people every day about Thailand's overseas sources. This is because many Japanese digital nomads have Thailand elite visas, and they earn high incomes from cryptocurrencies, securities trading, and nomad work. They have an offshore company and offshore accounts. Therefore, a corporation's profits become foreign source income. In the case of Thailand, foreign source income has been tax-free for over 30 years, so many Japanese have taken advantage of this tax-saving scheme. If this is not possible from 2024 Jan 1, most Japanese people will withdraw from Thailand. They are actively discussing this on Twitter everyday. What about Chinese people or you guys Farangs?　 I think Chinese people are thinking the same thing. They have a stronger sense of ownership of condominiums than any other race, but as foreigners leave, condo prices also fall. This is because the supply will be greater. For the Chinese people, this will only be a negative. Who on earth would buy such a trashed condo in Thailand?

You must LEARN, "Individual" VS "Corporate" Except American ※American people must pay tax in USA no matter where they live. Conditions: You live in Thailand over 180/183 days with VIsa like ThailandElite Visa, Retirement Visa. From 1, January, 2024 ????Individual：If you bring all money into Thailand, you must pay Individual Income. Of course, because of Tax Treaty, Farang doesnt need to pay Tax in Thai if they pay it in your home country. Even elementary kids know that, HOWEVER, for example, if you live in Thailand over 180/183 days and earn 10 million Bahts by crypt through Binance or Bybit (Offshore) , then that money goes to offshore bank account (except individual account in Thailand and your home country), you don't need to pay Tax in Thailand. However, you cannot live in Thailand unless you send your living expenses to Thailand. In Thailand, you can probably live on 40,000 baht a month. So, you send about 500,000 baht a year to Thailand for living expenses. In that case, the income tax in Thailand is only 10,000 baht. The remaining 9.5 million baht obtained in crypt will be kept in a personal offshore account. By doing so, not only will you not be taxed in your home country, but your income tax in Thailand will only be 10,000 baht. I think this is the BEST individual option for Crypt. However, If you are "individual" digital nomad living in Thailand and doing business online, all profits will be paid in Thailand. This is because you are living and working in the "land" of Thailand, so it is considered "source income within Thailand" rather than income sourced outside Thailand. VS ????Corporate (Offshore Company)：If you manage offshore company, and have a offshore bank account, profit goes to the offshore corporate bank account. The company will then transfer the dividend to your personal account every month. Of course, an offshore corporation is a tax haven country where all taxes such as corporate tax and income tax are not levied. In this case, it is not sourced income in Thailand, but income sourced outside Thailand. From Thailand's perspective, offshore corporations exist overseas. For example, if your Annual profit is $200,000 and your personal dividends are $200,000（ex no costs for online consulting), and $14,000 (approximately 500,000 baht) will be remitted to Thailand. Then, the income tax in Thailand will be only 10,000 baht. The remaining $186,000 is tax-free. Of course, since you live in Thailand and are a tax resident of Thailand, there are no taxes due in your home country. Addition, in Thailand, the income tax is only 10,000 baht. This is a Tax Saving Scheme using Thailand Elite or Thai retirement visa＋Offshore corporation＋Offshore corporate account.