A foreign social media user has drawn attention online after claiming to have bought a 56 million baht home in Phuket and could live in Thailand long-term while paying zero tax on global income.
The post, shared on X, showed the individual with his partner alongside a message stating they had signed a contract to purchase a “dream home” near Bang Tao Beach for 56 million baht, or £1.3 million.
The foreign man described his Phuket home as a freehold property and said the purchase would allow him to qualify for “Wealthy Global Citizenships”.
In the post, the author claimed the status would allow them to stay in Thailand without time limits and pay 0% tax on worldwide income.
TravelNews reported that the statement attracted significant attention from Thai users, many of whom questioned whether such benefits were legally possible.
The message also suggested that countries offering zero income tax were not limited to places such as Dubai, Monaco and the Cayman Islands, and described Thailand as a suitable option for both business and family life.
The author referred to the “Wealthy Global Citizen” scheme, which is linked to Thailand’s Long-Term Resident visa programme. Under that category, applicants must have at least US$1 million in assets, an annual income of at least US$80,000 and invest at least US$500,000 in Thailand.
However, the claim of paying 0% tax on global income remains unclear, and relevant agencies have yet to confirm whether such conditions apply under Thai law.
In a separate development, Thailand is undertaking its most comprehensive expatriate policy reform in decades, introducing reforms across business law, visa regulations, property ownership, and civil rights.
The overhaul aims to position the country as Southeast Asia’s premier destination for foreign residents and investors.
Announced progressively throughout 2024 and early 2025, these reforms respond to regional competition for foreign investment and talent, particularly as neighbouring countries like Vietnam and Malaysia enhance their own expatriate frameworks.
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