The BEST Visas For Long-Term Living In Thailand
Вставка
- Опубліковано 10 лют 2025
- Looking to live in Thailand long term? Discover the best visas for long term living in Thailand in this informative video. Make sure you have the right visa for a smooth and hassle-free stay! Sign up for my free newsletter: subscribepage....
For more insights and tips on living in Thailand, like, subscribe, and grab my free digital nomad ebook on my website here: www.beremoteco...
🥳 Pls support this channel on SuperPeer:
www.superpeer....
💸 Transfer money abroad with Wise: wise.prf.hn/l/...
📘 GET THE FREE EBOOK: www.beremoteco...
📢 HOW TO SAVE UP TO 40% OFF HOTEL STAYS: agoda.tp.st/ks...
🌎 BOOK YOUR TOURS HERE: getyourguide.t...
⚕️ NOMAD HEALTH INSURANCE:safetywing.com...
A FEW OF MY TRAVEL MUST-HAVES:
🎥 My gear: store.dji.com/...
💸 Transfer money abroad: remit.ly/3f5nnozp
🗺️ Tours and activities: klook.tp.st/nA...
🏨 Book flights and hotels: agoda.tp.st/ks...
🏩 Book budget hostels: hostelworld.tp...
✈️ Save on flight cancellations: airhelp.tp.st/...
📱 eSIM: airalo.tp.st/0...
🚌 Busses & trains: 12go.tp.st/Sge...
⚕️ Travel medical insurance: safetywing.com...
TOOLS FOR CONTENT CREATORS:
💰 Monetize your travel content: www.travelpayo...
⚕️ Global health insurance: safetywing.com...
💻 Create your website: www.payhip.com...
📘 Sell your digital products online: www.gumroad.co...
📧 Best email marketing tool: www.getrespons...
📈 Optimize your UA-cam videos: www.tubebuddy....
🚀 Grow faster on UA-cam: morningfa.me/i...
🎵 The best royalty-free music: share.epidemic...
This video is about the Best Visas For Long-Term Living In Thailand. But It also covers the following topics:
Different Visa Options Available For Expats In Thailand
Cost Of Living For Foreigner Expats In Thailand
How I've Stayed In Thailand For Over Four Years
Video Title: Best Visas For Long-Term Living In Thailand - Visa Options | Mike Abroad
🔔 Ready to explore Southeast Asia? Subscribe & stay updated with travel guides, financial tips, real estate tours, and local secrets!
/ @abroadinthailand
🔗Support My Channel:
💸 Patreon: / abroadinthailand
☕️ Buy Me A Coffee: buymeacoffee.c...
💰 Donate On PayPal: www.paypal.com...
✅ Stay Connected With Me.
👉 Facebook: / digitalnomadventures
👉 Instagram: / mikeholp
👉 Tiktok: / mikeabroad87
👉 Linkedin: / mike-holp
📩 For Business Inquiries: thailand360tours@gmail.com
=============================
🎬 Recommended Playlists
👉 Philippines
• Philippines
👉 Thailand
• Thailand
🎬 WATCH MY OTHER VIDEOS:
👉 I Tested Out ViewStats Created By MrBeast
• I Tested Out ViewStats...
👉 Beach Walk And Outdoor Gym In Koh Samui (My Morning Routine)
• My Morning Routine In ...
👉 Seeking Investor For My Startup In Thailand
• Why I'm Seeking An Inv...
👉 How To Get More Leads And Sales On Apollo (Complete Tutorial)
• How To Get More Leads ...
👉 Chaweng Beach Road Walking Tour In Koh Samui
• Discover the Hidden Ge...
=============================
#kohsamui #thailand #thailandvlog #thailandvisa #thaivisa #expatlife
⚠️ Disclaimer: I do not accept any liability for any loss or damage incurred from you acting or not acting as a result of watching any of my publications. You acknowledge that you use the information I provide at your own risk. Do your research. If you purchase after clicking these links, I will earn a small commission at no additional cost. Thank you for supporting the channel!
© Mike Abroad
Schedule a consultation call here: mikeabroad.setmore.com
Gotta love this guy. He starts out telling us he is not educated enough to give advice on the subject and that he will mis-inform us on the subject matter during the video. Then he asks the viewers to inform him when he is wrong. Then the cherry on top, he asks us to use his consulting services 😅
What are you on about? 🤔
@@AbroadInThailand Simply stated, there are too many non-tax experts commenting on complex topics they know little about.
the requirement to pay tax on foreign income brought into Thailand applies specifically to Thai tax residents, regardless of their nationality. If you are a foreigner who is considered a tax resident in Thailand, you will need to declare and pay taxes on any foreign income you bring into the country after January 1, 2024. This includes income from employment, business, pensions, or overseas assets.
Keep in mind that tax residency is determined by the Thai Revenue Department based on various factors, such as the duration of your stay in Thailand, your employment status, and other criteria. If you meet the criteria for tax residency, you’ll be subject to the regulations outlined in Revenue Order 161/2023.
Thanks for sharing this helpful information. Will need to keep this in mind moving forward..
@MrShnazer How do you know this information? A number of tax professionals and attorneys have clearly stated the details of these taxes are unclear and eventually defined. Although the Department of Revenue Order defines "tax resident," it does not cover how taxes will be calculated, verified (paid outside the country) and collected. Tax ID numbers would have to be assigned, international tax returns audited and a determination of how much, if any, taxes might be due to the Department of Revenue.
Thank you for your time and posting. I'm going to check out Vietnam first to see if I want to retire there. I can retire to Thailand on a retirement visa with my SS and VA Bennies. So we'll see. Thanks again.
Sounds like a great plan! 👍
Been there done that and it seems nothing has changed... A Farang is still a walking Cash Machine. A 'Non B Visa' means you have to get a local Thai Partner who is automatically a 51% shareholder. It's up to you to find a Thai partner, which is rather tricky to say the least, they just see 'free cash machine'. The better option is to get 2 x Thai partners who do not know each other from a bar of soap and preferably live far away from each other - each with 25.5%, that way you're the majority shareholder. So the options are pretty limiting and the chances of losing your investment are pretty high, risky either way. And then there's the new tax... A Retirement Visa means you cannot work - be careful and do so at your own peril. In short, you can essentially live in Thailand if you have a lot of money in the bank or a great pension. Good luck.
Sorry to hear you had a negative experience with your business visa in Thailand.
@@AbroadInThailand Yeah, unfortunately too many horror stories. Friends of mine lost $2million within a year on investing in a resort, also due to Thai partners. I was lucky by comparison.
@@paulkotze9852imagine somehow having two million and yet being such a feckin idiot
The elite visa scheme has three options now, 5, 10 and 15 years. 5 years is 900k baht, 10 is 1.5M baht, and 15 is 2.5M baht. Regarding the 90 day reports, you still have to do it, except you can just drop off your passport at their office on the monday before your 90 days is due and pick it back up on the friday (rather than go to immigration yourself).
You can also do the 90 day report online …if it’s working…
I got the old 20 year elite visa. One of the best purchases I ever made.
It doesn’t make much financial sense now with the current prices (economically)
Good to know thanks for sharing!
@@Freedom-33 Yeah I got the old 20 year also :) Have you actually done it online before? I vaguely recall looking at this before and it didn't seem possible at the time.
@@calky360 everytime i go into immigration they tell me to do it online, i try online, denies me with no reason and tells me to go into immigration in person.
other people though, they have been doing it online or awhile now. I would try it online if you haven't. 15 days before the 90 day report.
Expats seem to avoid talking about the new regulation, but anyone that stays 180 days pays tax on all income brought into the country even if it is already taxed or tax-free in your country.
Issued on 15th September 2023, Revenue Order 161/2023 mandates that from 1st January 2024, any and all foreign income, from all sources (whether from employment, business, pension, or from overseas assets) will be taxable in Thailand when it's brought into Thailand regardless of when it was brought into Thailand.18 Feb 2024
That s...s. Big turn off in general. They will become mord greedy with time. Just a matter of time.
Does this include capital gains?
@@HockeyLounge Most likely yes...I assume. Almost all assets are capital
anyone EXCEPT LTR visa holders
"Foreign earned income" isn't defined. Over 69 Double Tax Treaties are in effect, specifying which pensions are excluded and aren't taxable.
Hey Mike, can we start a 100% foreign ownership business after smart visa? Can we apply business work permit with that business later rather than a startup visa extension?
Yes
@@AbroadInThailand thanks☺️
thank you for this knowledge
You're welcome!
if you qualify for a marriage visa that requires 400k in bank, i advise you go the retirement visa route. That way you are not required to leave the country if the relationship ends.
I'm 37 therefore don't qualify for the retirement visa.
@@AbroadInThailand i was referring to anyone in general, not yourself.
@@johnnybgood3909 Ah gotcha
I thought the method of buying a house under a company in which you have 49% ownership, was actually a bit of a gray zone and could potentially give you issues in the future.
Tbh it's not really an issue
I love thailand. I wish it was like the Philippines where you could just stay 3 years by extending leave one day come back to start all over unlimited
Nope
@@AbroadInThailand yeah well I've been to both places and I'll be going back to Thailand for the second time is October. I went 2 years ago. I like it better than the Philippines overall but due to the easy availability of being able to go to the Philippines I can't see myself ever living in Thailand. Where else in the world can you go somewhere and just extend your Visa for 3 years leave for one day to a nearby country come back and keep doing it over and over and over? There's not many places you can do that and that's a major plus
How detailed is that 90 day report? Is it a one pager that can be done easily online? Hope so.
Yes it can easily be done online
Is there a way to have permanent residency in Thailand? And on what occasions can they be removed?
Yes you can secure permanent residency
What are the requirements? In my case I don't think I will achieve nationality
@@kirito_kun1227 www.thaiembassy.com/thailand-visa/permanent-residence-thailand
If you want to work freelance there and stay long term doing multientry and are under 50, is TRICKY, i dont trust fake sponsors as might be questioned or become fraud, so the best is open a company, but these firms will put you the thai staff and you still own 49% plus is very expensive to pay the whole set up, vat, taxes, etc, they quoted even 200k the first year. Very tricky
Thanks for your comment
I think it is either 800,000 in the bank, or, 65,000 monthly. Not both. But maybe it’s changed again.
Yes you are correct. It's any of the following:
- Deposit of THB 800,000 in a Thai bank account for two months before the visa application
- Monthly income or pension of THB 65,000
- Have a combination of annual income, pension or deposit of at least THB 800,000
Agreed 👍🏻
Actually, both (including some of each) are an option.
Wonder if they start checking everyone at the airport coming in and tax you on your money?
Seems very unlikely
Maybe, but the uncertainty will probably put tourists off coming to Thailand.
Why would i put money in a Thai bank? It’s more secure in my own bank account where it belongs
@@MrNixityWhen you open your Thai bank account, it will be your own bank account.
@@fhtrucker62Maybe so
As a person that’s lived in Thailand a couple times. I love the country but after 2 months I just can’t stop thinking about the desert and hiking in the mountains without passing out from heat. It’s really not an all year long place.
To each their own
All that just changed the next day, forget everything he says here. New visa rules.
The new visa is technically not official yet
@@AbroadInThailand people will be coming into Thailand as of 12am today getting 60 day visa exempts on arrival !
Awesome. Can you please talk about which vaccines you have?
No
Why? It’s something to consider when moving in Thailand or SE Asia. They can cost more than 1000$ per person if you follow what they recommend.
What is the 800 000 Baht FOR? If You have a pension of 65000 or over and are over 50 and not going to work.. what's the problem.
It's an either/or requirement
Unlucky timing with this video given the cabinet announced a bunch of new visas yesterday out of nowhere 🥲
Yes you are correct. I will be making a full video about the new Destination Thailand Visa and other announcements soon.. Stay tuned!
@@AbroadInThailand You might want to wait until the actual details are announced.