Thailand DTV visa and taxation/ tax residency

[providenceventurer]

I am a Canadian citizen living in Dubai. I have zero ties to Canada and don’t ever plan on going back their either. I also have a dubai company. I want to leave dubai and go live in Thailand per the DTV visa. But I am concerned about taxation.

I am aware of Thai tax laws that any income remitted into Thailand is taxable, this isn’t a big deal to me. As per Thai laws I understand that my foreign income not remittee into Thailand is not taxable.

I can only imagine that if I am living in Thailand 365 days a year that I would be deemed a tax resident of Thailand but given Thai laws I should only be taxed on money I bring into the country and not on my foreign income. Is this correct?

Question is: can I maintain my Dubai company and bank accounts in the UAE while not even living there?

I need to know this because this is where my money will be stored and earned in my Dubai company. And I don’t have any plans on returning to Dubai either.

As per my understanding if you are in thailand for more than 180 days you will be considered tax resident.I am in the same boat i am a dubai golden visa holder but dont find the weather appealing and looking for thailand as an option to be in for about 5 months a year through DTV so as not to trigger the taxation of Thailand.

 

[providenceventurer]

you need to live off savings.

What about encashing crypto along with hard cash