Seeking Advice on Opening a Personal Account as a Thai Resident with European Nationality

[theblast3r]

Hello everyone,

I’m a European citizen from a country with a terrible tax system, and I currently live in Thailand. I don’t want to open a Thai bank account due to recent changes in remittance taxation here. I run an LLC in the USA, where I invoice European companies.

I’m looking to open a personal account with a non-European bank to accumulate personal funds. I’ve read about Charles Schwab’s international account where you can deposit $50k USD and open it without a US address, but I’m unsure which banks might accept Thai residents.

I’ve searched the forum but haven’t found much on personal accounts for Thai residents. Any help would be greatly appreciated. Thanks a lot!

 

[JackAlabama]

Hello everyone,

I’m a European citizen from a country with a terrible tax system, and I currently live in Thailand. I don’t want to open a Thai bank account due to recent changes in remittance taxation here. I run an LLC in the USA, where I invoice European companies.

you can open one, it wont change much nor will it make you more/less visible. Its even recommended for ease of keeping track of remittance based systems.

I’m looking to open a personal account with a non-European bank to accumulate personal funds. I’ve read about Charles Schwab’s international account where you can deposit $50k USD and open it without a US address, but I’m unsure which banks might accept Thai residents.

I’ve searched the forum but haven’t found much on personal accounts for Thai residents. Any help would be greatly appreciated. Thanks a lot!

The usual suspects Singapore, HK, Cambodia, Laos, Malaysia, Switzerland. Crs (if applicable) will apply, not being ideal at all if your worried about your info leaking and potential kidnap as from other thread. But if the numbers are not too big, it should be ok.

theres also expat banking in the crown dependency of jersey, iom and guernsey, afaik there is hsbc, barclays and lloyds.

wise while a monkey emi also works (for low numbers).

 

[Xshore]

I’m looking to open a personal account with a non-European bank to accumulate personal funds. I’ve read about Charles Schwab’s international account where you can deposit $50k USD and open it without a US address, but I’m unsure which banks might accept Thai residents.

Does Schwab require 50k now? used to be 25k. But on their page they don't mention any minimum amount actually.
https://international.schwab.com/open-account-intro/open-account?country=TH&branchCode=EO

They do accept thai residents, that wasn't very difficult to figure out..

edit:

What are the costs of opening an international brokerage account?​

• $0 monthly service fees and $0 account minimum

 

[sknomad]

Hello everyone,

I’m a European citizen from a country with a terrible tax system, and I currently live in Thailand. I don’t want to open a Thai bank account due to recent changes in remittance taxation here. I run an LLC in the USA, where I invoice European companies.

I’m looking to open a personal account with a non-European bank to accumulate personal funds. I’ve read about Charles Schwab’s international account where you can deposit $50k USD and open it without a US address, but I’m unsure which banks might accept Thai residents.

I’ve searched the forum but haven’t found much on personal accounts for Thai residents. Any help would be greatly appreciated. Thanks a lot!

Several banks in Czech republic are willing to open a personal bank account if you have a passport from any EU country. You just need a local address and a local phone number. Even virtual addresses are accepted in some cases. Banks will likely care more about source of income.