Quote:
Originally Posted by LivinLOS
For someone working remotely in Thailand the options are kind of punative, you can set up a company, pay company taxes, employ thais, have your dead directors, then after the company has a history you can get a WP earn your 60k per month, pay texes on that and get a long stay B visa and tax history and WP.. Almost no one does this due to the costs involved but I am lead to believe that if an American does they can qualify for an 80 something thousand deductible each year for overseas tax credits.. So IF your going to have US based tax issues you can lower your contribs that side by doing this.
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I have started the paperwork on a US Amity company which will give me 99.4% control of a Thai company and work permit, etc -- but it does get expensive, especially the money to fund it (2 million baht for export company or 3 million for a consulting firm). Not all the money needs to be funded immediately with the export company, but I am not posting to discuss requirements/rules, etc. -- only to say that a) yes, not a lot of people go this route due to cost and b) if you are US citizen you get an $80k exclusion on foreign-earned income and can benefit from possibly another $20k or so from living expenses (housing costs actual less the US government housing allowance for given country equals the extra exclusion). So you can reduce your taxes but there is a cost/benefit trade off too.
But then again, I plan to work in Thailand and generate revenue here, it is not as if I am a stock trader working the markets from here. I just cannot imagine a scenario where someone who does not have a bank account in Thailand, who enters on tourist visas, who regularly draws money into the country for living expenses, who stays out of trouble, who works alone in his room and isn't trying to do any business at all in Thailand with Thai businesses, and who doesn't talk about it, is ever going to get taxed.