Investment Landscape in Thailand
IMPORTANT 2024 TAX CHANGE: Thailand now taxes all foreign-sourced income remitted into the country by tax residents (180+ days/year), at progressive rates up to 35%. The old 'earn abroad, remit next year' loophole is closed. Pre-2024 income is exempt. LTR visa holders are exempt from this on foreign income. This significantly impacts investment planning.
- 2024 tax change: Foreign investment income (dividends, capital gains) remitted to Thailand IS now taxable for tax residents (180+ days/year). LTR visa holders exempted.
- Local investment income may be taxed at standard rates — consult a local tax advisor for specifics
- International brokerage accounts (Interactive Brokers, Charles Schwab) accessible for most nationalities
- Banking sector varies — some banks welcome expat accounts, others require local employment or residency proof
- Real estate investment is popular among expats due to relatively low property prices and growing markets
- Currency consideration: THB — factor in exchange rate volatility when investing locally
- Tax treaties with major countries may provide additional benefits on withholding taxes
