Tax Exile Guide for Crypto: Thailand
Complete step-by-step procedure to transfer your tax residence to Thailand. Crypto tax rate: 15%.
Overview
Crypto tax rate
15%
Crypto-friendly score
★★★☆☆
Cost of living
Low
Banking ease
Moderate
Regulation
Neutral
Preparation time
2-4 months
Step 1: Preparation for Departure
A tax relocation to Thailand requires 2-4 months of preparation. Here are the essential steps before leaving.
Check your passport validity (minimum 6 months)
Gather all financial documents (bank statements, crypto history)
Notify your tax authority of your planned departure
Apply for the LTR visa (Long-Term Resident, Thailand)
Take out international health insurance
Prepare to open a local bank account
Step 2: Exit Tax
Some countries apply an exit tax on unrealised capital gains. Check whether your country of origin is affected.
✅ Good news: Thailand does not apply an exit tax upon entry.
Thailand does not apply an exit tax on cryptocurrencies. Crypto capital gains are taxed at 15% as investment income.
⚠️ Warning: your country of origin may apply an exit tax. Consult a tax adviser.
Step 3: Visa & Residence
For all detailed information on visas and residence permits for Thailand, visit our specialist partner.
View visa options for Thailand
eVisa-Card.com — Your partner for visa procedures
Step 4: Banking & Finance
Opening a bank account in Thailand is a crucial step. Here are the recommended banks and the procedure.
Recommended banks
- 🏦 Bangkok Bank
- 🏦 Kasikornbank
- 🏦 SCB
- 🏦 Krungthai Bank
Required documents
- 📄 Valid passport
- 📄 Copy of visa / residence permit
- 📄 Proof of local address
- 📄 Work permit
Account opening time : 1-2 weeks
Bangkok Bank, Kasikornbank (KBank) and SCB are the main banks. Account opening requires a non-immigrant visa. Thai banks are cautious but accessible with the required documents.
Step 5: Transferring Your Cryptocurrencies
Transferring your crypto assets to Thailand requires compliance with local regulations. Here is the procedure.
Exchanges available in Thailand
Regulator : SEC Thailand
Transfer steps
Verify that your exchange is authorised in the destination country
Check Thai SEC compliance
Transfer your crypto to a locally regulated exchange
Keep a complete record of all transfers (dates, amounts, wallets)
The Thai SEC regulates cryptocurrencies. Licensed exchanges include Bitkub and Satang Pro. Crypto capital gains are taxed at 15%. Thailand temporarily exempted VAT on crypto from 2022 to 2023.
Step 6: Settlement & Daily Life
Settling in Thailand: what you need to know for your daily life.
Thailand offers a very low cost of living with a high quality of life. Bangkok is a dynamic, cosmopolitan city. The islands and Chiang Mai are popular with digital nomads. The private healthcare system is excellent and affordable.
Step 7: Tax Compliance in Thailand
Your tax obligations in Thailand after settling.
Filing deadline
31 mars
Forms to complete
PND 90 / PND 91 (Annual Tax Return)
Obligations
Flat tax of 15% on crypto capital gains
Taxation on remittance basis
File an annual tax return
Check the applicable tax treaty
Thailand taxes crypto capital gains at 15% (withholding tax). Foreign-sourced crypto income is only taxed if remitted to Thailand in the same year (rule changed in 2024: all remittances are taxed). The declaration is filed with the Revenue Department.
Estimated monthly cost of living
| Studio/1-bedroom rent | 300-600 EUR/month |
| Family rent (3 bedrooms) | 500-1 200 EUR/month |
| Utilities (water, electricity, internet) | 50-100 EUR/month |
| Food | 200-400 EUR/month |
| Transport | 30-80 EUR/month |
| Health insurance | 80-200 EUR/month |
| Estimated monthly budget | 700 - 2 600 EUR/month |
Pros & Cons
Pros
- ✓Low cost of living
- ✓Digital nomad hub
- ✓Tropical climate
Cons
- ✗Remittance rule
- ✗Banking difficulties
- ✗Visa complexity
Frequently Asked Questions
Are crypto taxed in Thailand?▼
Yes, crypto capital gains are taxed at 15%. Since 2024, foreign income remitted to Thailand is also taxed, regardless of the year of realisation.
What visa for living in Thailand?▼
The Thailand LTR Visa (Long-Term Resident) offers 10 years of residence with a reduced tax rate of 17% for qualified workers. The Retirement Visa (>50 years) and Thailand Elite Visa are alternatives.
Is the Thailand Elite Visa worthwhile?▼
The Thailand Elite Visa offers 5-20 years of residence without work conditions. The cost is 600,000-2,000,000 THB (15,000-50,000 EUR). It does not automatically confer tax residency.
What is the cost of living in Bangkok?▼
Bangkok is very affordable: 800-2,500 EUR/month all-inclusive. A furnished apartment costs 400-1,200 EUR/month. Chiang Mai is 30-40% cheaper. Medical care is excellent and inexpensive.
Has the remittance rule changed?▼
Yes, since 2024 Thailand taxes all remitted foreign income, regardless of the year of realisation. Previously, only income remitted in the same year was taxed.
⚠️ Disclaimer
This guide is provided for informational purposes only and does not constitute tax, legal, or financial advice. Laws and regulations change regularly. Consult a qualified professional before making any decision regarding tax relocation.
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