500 THB (donation) immigration....
https://bangkok.immigration.go.th/wp-content/uploads/2021/06/8Public-Handbook.pdf [ignore fees on this, must be translation issue]
You should quote my whole post, not just the critical points. TLDR was: get a visa first and then worry about the bank account, which than comes with ease.
Using at as a offshore only will invite trouble sooner or later.
1) Have you looked at the BAHT against the $ and Pound and EURO over the past decade?
Yes, theres that famous table usd vs all fiat currencies over 10y.
Not that impressive tho Baht being down 14.6% over 10y, but also not too bad.
But being in Chf, Sgd and usd has been better over 10y.
And many here on this forum still bank in Switzerland or Singapore or Us.
But holding large cash piles is anyway useless when you can hold Bitcoin, which is vastly superior to any nation state currency.
2) Have you looked at the skill(s) and demographics in Thailand?
Yah, seems good, not what I am used to measure with personally, but its certainly very ok and above average. But Id eye on Vietnam for that.
But the demographics is not too great either. Cannot beat Africa regarding demographics or also Vietnam.
Thai brokers themselves tout Vietnam having higher growth.
3) Have you considered the 'privacy' that Thai banks afford (not Gov privacy) but generic privacy.
You said before in posts they are really advanced with tracking and AI and all of that and the aml bs crap too advising against p2p inside thailand etc.
So what is the privacy you're talking about?
I can have this way better in Switzerland for example or remote banks in Africa.
4) Have you considered that Thai banking apps offer the ability to transfer 2,000,000 THB international at the click of a button with real simplicity?
Questions will arise and how do you answer these without work permit?
Its "only" 50k, I can transfer out of HK with ease a big multiple of that across certain Asian countries for 0 fees, or simply swift.
Same works for Swiss banking or US as well.
5) Have you considered Thailand is a country that produces most of its food via its vast agricultural base, whilst also increasingly becoming a factory for the world, as China is sin-binned? - inflation happens predominantly in countries that import... not export.
Thats great. Hence I said. Get an adequate visa first and worry about banks later. Thailand does import oil however.
Nevertheless, its a good spot however, and worthwhile to have a visa for (which allows for having banking without tricks).
In fact, I currently spend several months a year in Thailand. Right now, my visa is not a problem because I still enjoy flying to another country every 60 days. I also fly back to my home country several times a year.
I can say with certainty that having a bank account in Thailand makes a lot of things easier. Also, I am getting tired of watching my bag of 1,2 and 5 Bath coins getting bigger and bigger. I was already stopped at the airport one day because I was carrying almost 4000 THB in small coins. Sure, there may be other solutions, but the most sustainable for me would definitely be a local bank account.
The annual operating costs are also negligibly low. With such things I go completely after the motto: Better have than need.
Back to the topic: In case anybody can help with the Certificate of Residence, I’d be truly thankful!
Cant you get a visa for Thailand which does not depend on "border runs"?
