Thailand has introduced the Destination Thailand Visa (DTV), specifically tailored for digital nomads and remote workers. Here are the key details:

• Purpose: The DTV aims to attract long-term immigrant workers and digital nomads.
• Validity: It allows stays of up to 180 days per visit and is valid for 5 years.
• Multiple Entries: You can enter Thailand multiple times within the 5-year period.
• Extension: After the initial 180 days, you can extend your stay for another 180 days.
• Requirements:
  • Be at least 20 years old.
  • Provide financial evidence of a supporter or guarantor with a credit limit of at least 500,000 baht (~US$ 13,830).

Requirements

While the details for the new Destination Thailand Visa are not final yet, there are some eligibility requirements:

• Be at least 20 years old
• Provide financial evidence of a supporter or guarantor with a credit limit of at least 500,000 baht (~US$ 13,830).
• Provide proof of employment

Application process

1. Online Application:

• Visit the official website Thailand eVisa.
• Complete the online application
• Pay the visa fee of 10,000 bhat (~US$ 276)

2. Required Documents:

• Passport or travel document
• Photograph
• Document indicating current location (utility bill)
• Proof of financial funds of 500,000THB or more. (bank statements, payslips, sponsor letter)
  • Some people have been reporting that their embassy is requesting 6-months of account activity to verify financial funds
• Purpose of visit:
  • Workcation: Employment contract or employment certificate
    • If your own your own company, we suggest clearly stating your position, duration of employment and salary. As well as submitting your business registration certificate.
    • If you're employed, your employment contract should be enough.
  • Thai soft power: Proof of confirmation to attend activity or letter of appointment
  • Spouse: Proof of relationship (marriage certificate, birth certificate)

3. Wait for approval:

• People have reported their visas being approved in 2-3 business days, however this would depend on the embassy you've applied with.

Taxes

While there hasn't been any official announcement regarding taxes. Previous comments made by ministers seem to indicate that foreigners on this visa will be excempt from income tax.

The Thailand Digital Nomad Visa, officially known as the Long Term Residence Visa, allows digital nomads, retirees with pensions, and wealthy investors to live in Thailand for up to 10 years.

Key details:

• 10-Year Residency: The visa allows you to stay in Thailand for an extended period.
• Lower Tax Rate: Instead of the possible 35% tax rate, digital nomads pay only 17% in taxes.
• Dependents: You can bring your spouse and up to four dependents on the visa.

Requirements

1. Valid Passport: Ensure your passport is valid for at least six months from the date of visa application.
2. Income Criteria:
   • Annual Income: You must meet one of the following income thresholds:
     • Earn $80,000/year for the last two years.
     • Hold a Master’s Degree and earned no less than $40,000/year for the last two years.
     • Have $1 Million in Financial Assets.
     • Be Retired with a stable income (like a pension) of $80,000/year if you’re over 50.
   • Work as a Remote Employee: You must work for at least three years at a publicly traded company or a company that generates at least $150 million in annual revenue.
3. Health Insurance: Obtain health insurance coverage with a minimum value of $50,000 in Thailand.

Eligibility

There don't seem to be any restrictions in terms of nationality, as long as you meet the above requirements, you can apply.

Application process

To apply for the Thailand Digital Nomad Visa, follow these steps:

1. Online Application:

   • Visit the official website: Thailand eVisa.
   • Complete the online application.
   • Upload the required supporting documents when requested.

2. Pay the Visa Fee:

   • Pay the visa fee online; 50,000 bhat, or $1,400.

3. Wait for Processing:

   • After submitting your application, wait for 3-5 days for it to be processed12.