Thaibelg

Hi Folks,

I'm living in Bangkok and I'm in need of a favor from someone (against payment of course) for towing my trailer with boat from Chumphon to Pattaya.

Are there any guys/gals out there with a pickup hook that can carrry a trailer for a boat?

Please contact me

Thanks,

TBLG

Hi Folks,

My wife wants to get a loan with the bank, which she will pay off herself for buying a house/land. Which will ofcourse not belong to me.

What would happen in case of a divorce? Am I equally eligable to pay off the debt of my wife, eventough the house is not in my name and can never belong to a foreigner? We did not made a prenuptial agreement...

What about debt on credit cards after divorce?

Thanks for letting me know.

TB

Hi Folks,

My wife wants to get a loan with the bank, which she will pay off herself for buying a house/land. Which will ofcourse not belong to me.

What would happen in case of a divorce? Am I equally eligable to pay off the debt of my wife, eventough the house is not in my name and can never belong to a foreigner? We did not made a prenuptial agreement...

What about debt on credit cards after divorce?

Thanks for letting me know.

TB

Hi Folks,

My wife wants to get a loan with the bank, which she will pay off herself for buying a house/land. Which will ofcourse not belong to me.

What would happen in case of a divorce? Am I equally eligable to pay off the debt of my wife, eventough the house is not in my name and can never belong to a foreigner? We did not made a prenuptial agreement...

What about debt on credit cards after divorce?

Thanks for letting me know.

TB

Hi fletch . After reading all reactions, i like yours most. But theres no right or wrong answer to this either...

Why not trying the Andamans again. Maybe you can team up a few people to go? Can arrange trips as of 1-2 to max 4 pax.

Hi Guys,

I just wanted to bring outhere to see if there are some same minded like anglers as I am in Thailand. My fishing buddies/community are local Thai, but was wondering whether there are some similar minded like salty game anglers outthere living in Thailand?

I'm one of those lucky enough to go on 3 to 4 exotic fishing trips/year and some of the places, I frequently visit are; Andaman Islands *(India), Burma Banks *(Myanmar), Alor *(West Timor, Indonesia), Sprattley islands, Luconia Shoals in Borneo, Al Hallaniyah Islands *(South Oman), Socotra (Yemen), Maldives etc...

Usually it put on average 1 to 2 trips/year out to the Andaman Islands *(India) and/or Maldives and are wondering if there are anglers interested in sharing some of the costs for doing so?

I can also help people outthere with recommending charter companies in Asia and/or help arranging your trips in Asia.

Please see attached also the fishing package for Andaman Islands.

Tight Lines!

Thblg

Fishing Andaman Islands.pdf

Socotra Fishing.pdf

Hi Guys,

I just wanted to bring outhere to see if there are some same minded like anglers as I am in Thailand. My fishing buddies/community are local Thai, but was wondering whether there are some similar minded like salty game anglers outthere living in Thailand?

I'm one of those lucky enough to go on 3 to 4 exotic fishing trips/year and some of the places, I frequently visit are; Andaman Islands *(India), Burma Banks *(Myanmar), Alor *(West Timor, Indonesia), Sprattley islands, Luconia Shoals in Borneo, Al Hallaniyah Islands *(South Oman), Socotra (Yemen), Maldives etc...

Usually it put on average 1 to 2 trips/year out to the Andaman Islands *(India) and/or Maldives and are wondering if there are anglers interested in sharing some of the costs for doing so?

I can also help people outthere with recommending charter companies in Asia and/or help arranging your trips in Asia.

Please see attached also the fishing package for Andaman Islands.

Tight Lines!

Thblg

Fishing Andaman Islands.pdf

Socotra Fishing.pdf

Hi Guys,

I’m an expat living and working in Thailand for 10 years and have been sending regularly savings back home in Europe. I’d always found the Thai Baht not favorable and decided to make a loss with currency exchange rates and banking fees, just to have my savings in a more “stable” currency.

But lots of things have changed in Europe these days, you have the weakening of the EURO (still relatively good for foreigners coming on Holidays to spend their money here), but on the other hand the Thai Baht is also devaluating against strong currencies, because of the ongoing political turmoil. Besides that we’re encountering an inflation of currency, due to the rising cost of goods, food etc.

I know there’s no ideal solution for this. But I’d like to hear some opinions here as to what may be the best long-term strategy on savings? Keeping it here in Thailand in Thai Baht or sending it to an off-shore account in EURO, USD?

Thanks!

ThBg

Hi Guys,

I’m an expat living and working in Thailand for 10 years and have been sending regularly savings back home in Europe. I’d always found the Thai Baht not favorable and decided to make a loss with currency exchange rates and banking fees, just to have my savings in a more “stable” currency.

But lots of things have changed in Europe these days, you have the weakening of the EURO (still relatively good for foreigners coming on Holidays to spend their money here), but on the other hand the Thai Baht is also devaluating against strong currencies, because of the ongoing political turmoil. Besides that we’re encountering an inflation of currency, due to the rising cost of goods, food etc.

I know there’s no ideal solution for this. But I’d like to hear some opinions here as to what may be the best long-term strategy on savings? Keeping it here in Thailand in Thai Baht or sending it to an off-shore account in EURO, USD?

Thanks!

Thaibelg

Hi UbonJoe,

Thanks for the advice pall.

You mention that residency time here is for income tax purposes, which is 180 days a year.

Does this mean 180 consecutive days? Are they really checking on this?

Thanks for letting me know.

Cheers,

TB

Hi Expats,

I’m going to throw it out here… I’m living and working for almost 8 years in Thailand.

My wife and I are considering to move back to my home country at some point and I’m planning to continue doing my job, but then from my home country (different location).

The plan is to hold my Workpermit under the company in Thailand and make sure that my Non-Immigrant B/re-entry Visa stays valid.

How does this work with the 90 days notice at immigration bureau? In the past 5 years, I really never had to do this in person, as my employer/HR department taking care of that. In Theory, I could just send my passport from my home country by registered mail to Thailand with documents attached for the 90 days notice.

Do you think this is possible or would they check my last departure stamp in my passport? Has anyone experience with this?

Is there any way around the 90 days notice?

Another question I have is regarding the min. amount of days, someone is required to stay/reside in Thailand, to be considered as a resident?

E.g. some countries in Europe have such a rule for residents and if they can prove you have resided in another country and not have resided (min. X days in the home country), they may change your status to become a tourist again…

Thank again for your help and advice on this.

Cheers,

TB

Hi Simon / Richard,

Thanks Guys for your detailed explanation. Yes, correct as of now, there are only 3 shareholders required to form a Thai company limited.

I just checked with the Department of Business Development and they explained me that there’s no law that constitutes a minimum amount of capital to be registered. The minimum fee for application is 5000 THB.

Now back to the shareholders thing…

I understand from Richard’s explanation, that (In case of divorce), both partners will keep the amount of shares as per stated in the company registration act?

I heard that the vote and shares from husband and wife are counted as one vote or share? Is that correct?

If not, then I could divide the shares among the following nominee(s);

51% my wife (who is carrying my surname)

48% myself

1% my mum (A non-Thai national, who is living and working abroad)???

Questions;

1. Would the above suggested structure be possible?

2. Can a Non-Thai National (who is working and officially living abroad) be eligible to have shares in a Thai Company Limited?

3. Any suggestions for a “Waterproof” and low risk start-up?

Best Regards,

TB

Hi Folks,

I wanted to set up a Thai Company Limited with my wife (who has taken over my same surname, after marriage).

I know that a Thai Company Limited has to have a nominated Thai Director, with at least 51% shares in the company and any foreign partner involved not more then 49% of the total shares.

I also understands that there must be at least 3 shareholders involved… I do NOT want to work in the company or request a work permit. So, I was thinking at the following structure/set-up;

- 51% on my wife’s name (having my surname as me).

- 24,5% on my mother’s name (having a different surname then me)

- 24,5% on my mother in law’s name.

Some questions;

1. How does that works in case either one of the partners are related to each other by marriage and carrying both the same surname? Does it mean that we legally own each 50% of the majority of the shares? (E.g. 25,5 % on shares for each person)

2. Do you think there’s a problem, because we both have the same surname? Would you recommend to change the surname in this case?

3. Can I dedicate 24,5% on my mother’s name (non-Thai national, living and working abroad)? How does that works and what kind of documents does my mum needs to submit (passport ,…).

4. What if the company needs to be dissolved (in case of divorce)? Will 51% of the shares equally divided and paid into 25,5% of the total registered capital (including assets of the company) to both parties?

5. Any suggestions for a “waterproof” set-up to reduce minimal risk for losses (in case of divorce)?

6. What is cost for registering a Thai Company Limited and what is the minimum registered capital required? I heard that there’s no law saying that there should be a minimum of registered capital to start. Please advise.

Looking forward to hearing from you Guys!

Cheers,

TB