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financial requirements
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I'm a digital nomad that has been traveling on tourist visas and surviving on less than THB 500k for the last few months. At the end of this month, I will receive a "top-up" that puts me over the 500k requirement for the DTV.
Am I not eligible for DTV until I have 3+ months of bank statements showing that amount in my account?
I read some posts in this group where people mention writing a cover letter of sorts to explain your situation. Perhaps that could improve my chances.
Maybe sponsorship is the better approach. I will be applying at the embassy in Hanoi.
Hey everyone, I wanted to share my experience and see if anyone can provide an advice or smth..
Unfortunately, I received a rejection email for my DTV visa yesterday from the Thai Embassy in Cairo, Egypt. The reason stated was that I don’t meet the financial requirement of 850K EGP (~500K THB).
However, I had attached:
• A transaction history from my Remotepass account (I work remotely as a consultant through Remotepass).
• My actual work contract (active since August last year)
• An additional bank statement.
Both statements combined exceed 500K THB and are in USD, yet my application was still rejected.
I applied on February 17th and got a response just one day later. I’ve tried reaching out for clarification and to see if anything can be done, no response back.
Has anyone experienced something similar? Any idea why this might have happened or what I can do next?
Please could someone clarify exactly what this means, they have asked me for more info:
A deposit account shows the transactions last 6 months and the account balance or a combination of a deposit/saving account totaling not less than 500,000baht. Stock/Crypto/Bitcoin/Investment/Business/PayPal account and sponsor are not accepted
I previously sent them a statement from a brokerage trading account showing over 500k thb of assets. Do I have to sell my investments and transfer the cash to a checking account, and then show the latest statement from that? Is 1 month ok or do they need 6 months? Alternatively can I leave the cash in my brokerage account and just submit that? Thanks in advance.
DTV approved just now! Canberra, Australia Consulate.
Thank you to a few anonymous posters for their advice, I was considering just using an agent and doing the soft power route even though I am self employed - until reading their posts and I am very glad I did it myself! Super super easy. Had everything ready before I started (took me maybe an hour to prepare) and uploaded and submitted the application within 30 mins.
Type - Business Owner/director
Submitted: 12th Feb
Additional documents requested: 14th Feb they asked for proof of financials of the 500k thb, strangely I had already uploaded 2 different screenshots including a bank statement, but it seems they preferred a proof of balance letter from my bank which only showed the amount on that date, in AUD. I also showed well over the 500k minimum on all 3 screenshots.
Approved: 19th Feb at 5pm
Proof of location: Australian drivers license
Paperwork: Cover letter + employment contract from me to myself, signed only by me, proof of balance letter from bank, THB to AUD conversion rate screenshot, ASIC business extract
Flight number: Flight number into bkk in 2 weeks, no exit flight
I am currently in Thailand and looking to apply for the DTV Workation visa. I am just starting my business as a self-employed entrepreneur, and although I have the required €15,000, I do not yet have incoming revenue in my account. I am wondering if this might be an issue for my application.
Here are the documents I plan to submit to the embassy:
📌 Basic Documents:
✔ Passport
✔ Copy of the main passport page
✔ 1 passport-size photo
✔ Visa application form
📌 Proof of Residence:
✔ Proof of residence in France (under my mother’s name)
✔ My mother’s ID
✔ My own ID
✔ Residence certificate
📌 Financial Documents:
✔ Bank statements from the last 6 months
✔ Bank statement showing possession of €15,000
📌 Business Proofs:
✔ A letter presenting my business, explaining how I generate income (bank transfers) and the platforms I use
✔ Screenshots and links to my website on Systeme.io, my Instagram account, and my online business
✔ Business registration with INSEE as a self-employed entrepreneur
✔ A recent invoice (less than 3 months old)
✔ Proof of a bank transfer related to my business activity
My questions:
1️⃣ Based on my situation and the documents provided, do you think I have a good chance of obtaining the DTV visa?
2️⃣ Could the lack of incoming revenue in my account be an issue?
3️⃣ Which embassy would you recommend for submitting my application while I am currently in Thailand? (I would prefer not to travel too far.)
Thank you in advance for your advice and insights.
To obtain the non-immigrant O retirement visa annual extension using the sum of the bank deposit and pension income, is required a sort of income certificate, but it's not clear to me, I need to find precise and reliable information on which documentation must be shown to demonstrate the requirements (again: the sum of the pension income and financial deposit that reaches a total of 800,000 baht).
In addition to the obvious bank statement, I don't exactly understand what must be shown regarding the pension income and where, a possible document, can be requested.
Thanks for the help, it will be precious as usual. 🙏
Hi everyone, I’m a bit confused about the 500k baht financial requirement for the DTV.
Do I need to show a bank statement with 500k baht maintained for the past 3 months, or can I use payslips/client invoices to prove I have the equivalent income?
Hi, hoping someone can help me as there's too many posts to navigate here 😓. As a U.S. citizen currently in Thailand, I'm wondering where the best embassy to apply for the DTV visa would be?
Also, for the financial requirements, I've read a lot different answers on this but will the embassies require 6 months of bank statements or just the latest? My plan was to transfer the 500k baht to my bank account just to apply for this visa but I'm afraid this will not suffice?