I understand, but it's not $500K that you need to invest, is $250K. I don't know if that makes any difference.
Have they published the new requirements for the Elite Visas? I know they were planning on making it a lot more expensive .
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Defining Remittance in Thailand & Living From Offshore Company
- Thread starter flyinglow
- Start date
I understand, but it's not $500K that you need to invest, is $250K. I don't know if that makes any difference.
Have they published the new requirements for the Elite Visas? I know they were planning on making it a lot more expensive .
No, in Thailand it's 180 days on Elite in the tax year = tax resident.
Visa allows you to stay as long as you like though until it expires, have to get a new annual stamp and 90 day report though.
Annual fee is 1,900 when getting the new annual stamp....
Think it was 500,000 THB (basic) -> 600,000 THB (beginning Russia/Ukraine) -> 900,000 THB (realising so many Russians were moving and bringing their wealth).
Another alternative is Investment Visa, that's what i did, you can own half a rai with that legally in your own name.
-> I moved to elite a few years ago but it still honours ownership etc.
was 20m THB back then might be same or 40m THB now.
*seems to be one investment visa 10mb now, and another 40mb both potentials for owning land of the back off.
Can't be asked to dig into though.
FYI these investment visa is the only way a foreigner can legally own land in their own name in Thailand but it comes with restrictions (size etc)/disposal etc.
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Hello gents,
Not like as you say, I did this research very deep and the feedback was that for this income I would have to pay a lot of tax in Thailand (up to 35%) as it's considered permanent establishement. And there are other things that depend which were hard to solve. If you know something else, please share.
Also: Elite visa does NOT give you tax residency. Ask reliable agents or write to Elite visa directly (many agents say yes you do and then you are out).
Not like as you say, I did this research very deep and the feedback was that for this income I would have to pay a lot of tax in Thailand (up to 35%) as it's considered permanent establishement. And there are other things that depend which were hard to solve. If you know something else, please share.
Also: Elite visa does NOT give you tax residency. Ask reliable agents or write to Elite visa directly (many agents say yes you do and then you are out).
Tax residency is not directly related to visa. Spending 180+ days in the country per calendar year will make you tax resident no matter which visa you are on, including Elite. Read first section here for authoritative source, no need to ask agents or elite.
But as I was told you pay tax for the 2. For the 80k use per year the tax is around 640k baht that means around 20k usd tax per year, am I correct?
Very worrying news here... your opinion please as who needs to go (my self at the case) i have to go FAST since in June 30 will be 183 days... New overseas income rules proposed
Your ideas? And where can relocate FAST to get this year tax residency from a zero percent country? Thank you!
Your ideas? And where can relocate FAST to get this year tax residency from a zero percent country? Thank you!
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