Hello. I am a digital marketer living in Thailand. I am paid affiliate commission to my overseas bank and brokerage accounts and am looking to protect against the forthcoming overseas income tax which I understand is due to take effect Jan 2024. I have set roots in Thailand with schools, car, property etc and moving is currently not an option.
Can anyone please recommend the best structure to avoid or minimize tax liability on overseas income while living in Thailand under these new rules? I understand the tax will likely apply to remitted funds only, but would also like to protect against global taxation in case they decide to go that route.
I’m considering registering an offshore company in low / no tax jurisdiction such as Cyprus, Hong Kong, Seychelles or Belize, using dividend payments to reinvest offshore while remitting only minimal funds to my Thai bank to cover living expenses.
Does this structure offer sufficient protection from any worldwide taxation Thailand may impose? Are there other structures or jurisdictions worth considering?
Thanks in advance for any thoughts or suggestions.
Can anyone please recommend the best structure to avoid or minimize tax liability on overseas income while living in Thailand under these new rules? I understand the tax will likely apply to remitted funds only, but would also like to protect against global taxation in case they decide to go that route.
I’m considering registering an offshore company in low / no tax jurisdiction such as Cyprus, Hong Kong, Seychelles or Belize, using dividend payments to reinvest offshore while remitting only minimal funds to my Thai bank to cover living expenses.
Does this structure offer sufficient protection from any worldwide taxation Thailand may impose? Are there other structures or jurisdictions worth considering?
Thanks in advance for any thoughts or suggestions.
Last edited:
