Thailand Just Released A New Digital Nomad Visa (DTV): Here’s How You Can Qualify

Thailand has been a digital nomad hotspot for well over a decade. From world-class beaches to modern infrastructure, this slice of paradise has everything you need to thrive.

And if it doesn’t get any better, the Land of Smiles has made it easier to stay with its new Destination Thailand Visa (DTV).

This new program, which starts accepting applications in July 2024, offers a more accessible and cost-effective option for digital nomads than the increasingly risky “visa run” and other long-term visas.

Let’s dive into what the DTV is, its eligibility requirements, and how to apply!

What Is The Destination Thailand Visa (DTV)?

The Destination Thailand Visa (DTV) is Thailand’s latest visa program, designed to attract digital nomads and remote workers worldwide.

Before this program, the LTR visas were expensive, had stringent requirements, and were out of reach for most people wanting to stay.

Others who wanted to stay longer would go for education visas or do multiple “visa runs,” a practice the Thai government had started to crack down on since before the pandemic.

Thankfully, the DTV makes staying in the country safer, accessible, and affordable.

It’s valid for up to five years and lets you live and work remotely in Thailand for 180 days at a time, with the option to renew for another 180 days.

Eligibility Requirements for the DTV

Qualifying for the DTV is pretty straightforward. All you need to do is meet the following criteria:

Be at least 20 years old
Have savings of at least 500,000 THB (roughly $13,600 USD)
Pay an application fee of around $270
Not work for a company based in Thailand

These requirements are relatively relaxed compared to neighboring countries, making the DTV one of the most accessible visas in the region.

Benefits of the DTV

So, what else does the DTV offer? Here are a few:

Extended Stay: You won’t have to leave the country every month and can live/work in Thailand for up to 180 days, with an option to renew for another 180 days within five years.
Family-Friendly: With the DTV, you can bring legal dependents like your spouse or children under 20.
No Employment Restrictions: Unlike other visa programs, self-employed workers and freelancers won’t need to show an employee contract. As long as you have the money, you’re set.
Low Barrier to Entry: No income requirements and a relatively low savings threshold make the DTV incredibly accessible.

How to Apply for the DTV

You won’t need to wait much longer! The Thai government will start accepting applications for the DTV in late June or early July 2024.

The process will be broadly similar to the LTR visa submission process, where applicants will fill out a form on the Thai government’s online visa portal.

Be prepared to provide documentation, including your savings, personal information, and anything else they request.

Do DTV Holders Need To Pay Taxes?

You’ll be on the hook for Thai taxes if you decide to stay over 180 days in a year. In fact, the Thai government has confirmed that all international income will be taxed for those staying longer than 180 days.

Thankfully, Thailand has a double taxation agreement with over 60 countries, including the US. So, chances are you won’t be taxed again if you’ve already paid taxes on your income in your home country.

If you know you’ll be a tax resident in Thailand, consult with a financial adviser to structure your taxes and avoid paying more than you need to!

How Does This Visa Compare With Similar Programs

The DTV stands out for its accessibility and affordability compared to other digital nomad visas in Asia.

For example, Japan’s digital nomad visa requires applicants to earn around $63,000 a year with no chance to extend past the initial six months.

Additionally, the DTV’s allowance for dependents and lack of employment restrictions make it easier for families or couples to explore the country without the extra paperwork easily!

The Bottom Line

After so long, Thailand’s Destination Thailand Visa (DTV) finally lets you make that extended beach vacation come true.

With its relaxed eligibility requirements, extended stay options, and family-friendly policies, the DTV will attract even more remote workers to the Land of Smiles.

Keep an eye on the application process starting this July to take advantage of this exciting new visa program ASAP!