Thai banks offer different types of accounts depending on the type of financial transactions that you want to make. Personal bank accounts offer high-yields, while business bank accounts can be beneficial when seeking tax benefits. Savings accounts are best used for short-term savings and regular paying bills.
Marriage visa – Once you have been admitted to Thailand, you must have a bank account with a minimum balance of 400,000 baht. You can open an account at any major Thai bank.
Retirement visa – If you retire and come to Thailand to live, you must have a minimum account balance of 800,000 baht at the time you apply for the visa. The balance doesn't matter if your retirement comes later after you pass the visa lottery date or move to Thailand permanently.
You can expect the current foreign exchange rate to be an issue if you live in Thailand for any length of time. The current foreign exchange rate is usually calculated every day and is especially sensitive to the political atmosphere in both countries.
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If you want to go to Thailand, especially if you don’t speak Thai, the easiest way is to buy a Thailand Pass. While some questions remain, there are some common misconceptions about them and how they work. Each of these should help you understand the process better!
As always, our online immigration consultants are available to help with any queries you may have. Visa Application can be done and all the documents prepared for you online. Speak to any of our online immigration consultants 24 hours a day now. They will be able to advise you as to what Thai Visa would be most applicable to you and which steps would need to be taken to either obtain a work permit later, registering your marriage for a marriage visa or registering a company. All this information is one click away and is free of charge."
If you are thinking of relocating to Thailand, or want to live here permanently, one of the most important questions on your mind is “How do I get a Thai visa?”. Thankfully, it's not a hard question to answer. There are a number of visa options when looking at obtaining a Thailand Visa. This however depends on what your intention is with regards to Thailand. If you are wanting to retire, work, come to have fun or having married a Thai national you wish to live in Thailand. We have listed all the Thai visas for you
It is important to understand that when you are finishing your work in Thailand (or anywhere else in the world), you may be required to declare your income and pay tax. Because income earned anywhere can be taxed, it is often a good idea to look into how you can convert your foreign income into money that you can comfortably use during retirement. This can take many forms, including:
Once you have decided that you are going to leave your home country permanently, it might be worth taking a bit of time to consider getting a local bank account in the new country. The best thing about getting a local bank account is that you can get to know the local financial community and this can be advantageous when you’re trying to decide when to convert to baht. You’ll become less dependent on foreign currencies, understanding these currencies better can help you make better decisions about changing them or using them.
Traditional Thai banks offer savings accounts, several different types of accounts for business and personal use as well as online Internet banking. The interest rate on all these accounts is very low – usually around 0.5%; therefore, it is advisable to keep a large amount of your capital in other vehicles which pay higher interest rates.