yes, its obvious
.
name in the card.
as your name is in the visa system as well, its easy plus cams everywhere. Legal investigations work differently in such places.
Its not a good route to take nowhere really, there are better ways to achieve it.
I was not talking about 'crazy' withdrawals in a short term in 1 or few ATMs.
I was talking about same situation for 'remitted' money in Thailand if you are using several oversea card for your daily spending, like as I said previously (dinner, bar, grocery, hopping, activities..).
Is any (or which %) of 'legal' foreigner in Thailand (elite, investor visa etc..) already challenged by Thailand authority for that? (i am not talking about scam or criminal profile).
Up until Covid you could withdraw 300,000 THB in one transaction at specific ATMs
They disappeared very quickly though (just as quick as they arrived)
Now days it’s 20-30k a withdrawal
Worse you now have to f**k around if you wish to deposit - Thai ID card or mobile number or sit in the branch for 25 minutes waiting for all the old farts to deal with their s**t before you get seen.
I think the one saving grace for Thailand is that it is a tourist destination so there is outsized ATM limits otherwise it would be like Europe with something like a 200-500 euro per transaction limit.
With the fees that would add up massively for tourists
If you don’t mind to give your feedback/experiences about some situations-examples in Thailand as you seem to be VERY well there.
If you prefer I make a new thread for this, just let me know. Otherwise :
a) Regarding the visa if you want to have the tax residency +180days there
If you are under 50, and no job/not working in Thailand, I saw the 2 most relevants visa should be Elite or Investor.
I know Elite (5years) increased this year from 600K to 900K baht so let’s say a cost of less than 5K€ a year. Should be quite easy/fast to get and no need all re-entry visa every time you go out the kingdom.
Second choice is to invest 10M. Baht (250K€), can be mix real estate and saving account for example. You don’t ‘loose’ the 900K of the elite but seem more complicated and long to get it and saving account seem to propose extremely low interest yield too..
Do you have personal advices or experiences for both of them, or any alternative ?
b) Regarding the tax on the ‘remitted’ money in Thailand and how it’s considered.
If I understood well, TILL you are not tax resident in Thailand (example : you start to live there for 6months+ from 2025, it’s mean anything you earn until 31/12/2024 and remit in Thailand in tax free as you were not tax resident there. Correct?) Same if you buy real estate there BEFORE being tax resident there ?
Now, how it’s concretely working if you already have ‘big’ amount of FIAT (and % in stable coins too) outside Thailand, or in any exchange / broker outside Thailand ?) BEFORE being resident there.
I understood it’s tax free as you own it before to be resident even if you remit there, BUT is it working ONLY for money ALREADY in your oversea banks accounts?
OR if you have fiat on IB for example, give you interests, same on some crypto exchanges (kraken / binance) or even your stocks on IB can be remitted for free in Thailand if you do something like this :
1) Fiat in the exchanges / brokers -> oversea bank accounts -> Thai bank account
2)Stable coin -> fiat on an exchange -> oversea bank accounts -> Thai bank account
3)If you sell your stocks on IB (you use the value of your portfolio the day you are tax resident in Thailand, for the calculation?) > oversea bank accounts -> Thai bank account
Sorry for all these different exemples, I am just trying to understand all the way and possibilities and how it will be treated in Thailand if you remit any on this in a thai bank account or by paying expensive stuffs there (real estate, cars etc..)
