The "Land of Smiles" has introduced a new long-term tourist visa, the Destination Thailand Visa (DTV). "This visa allows holders to stay in Thailand and work remotely for companies or clients based in other countries, all without the usual immigration and tax worries," according to the Thai embassy.
Soon, if you successfully acquire a DTV, you'll receive a 5-year multiple-entry visa. This allows you to stay in Thailand for a total of 180 days per year, with the option to extend for another 180 days.
Cost of Thailand DTV Visa?
The Destination Thailand Visa is priced at 10,000 THB
Eligibility requirements for the DTV
To be eligible for the DTV, you need to meet the following criteria:
— You must be at least 20 years old.
— You must have enough funds to pay for the visa fee.
— You must show that you have at least 500,000 THB (around Rs 11,53,944) in your bank account to support your stay.
— You must provide proof of employment with a registered company.
Benefits of the Thailand DTV Visa
The DTV offers several advantages:
— Lower income requirements and visa fees compared to other Southeast Asian countries.
— The option to extend the visa for up to 180 days, costing 10,000 THB.
— Eligibility for nationals from 93 countries.
— The ability to work remotely for international companies and clients while in Thailand.
— You can bring your spouse and children under 20.
— No taxes on income from foreign sources for stays up to 180 days.
Downsides of the DTV Visa
There are a few limitations to keep in mind:
— You cannot work for a Thai company without a Thai work permit.
— Changing your visa type will terminate your DTV.