bimmerbob

Wow.

"Rice Farmers" carrying bottles of designer water, just like the Bangkok people who were pretending to be farmers last week.

So, just what are you implying, that just because they have " designer Bottles" they really arn't Rice farmers

You really do produce "nonsence Posts" . ...............

Does it bloody matter about the water bottles - designer or not? Taking up space for no good reason. You guys obviously too much time on your hands........

Whether primary or secondary, taxable work is work, be it part-time or full-time. Like I said, common sense should prevail. Unless someone is actually answering the OP's question through experience, it's fair to say that there is a lot of guess work going on here......

By law yes you do need a work permit but getting one is not possible unless you are working for a Thai company or one that you setup yourself (costly to do and maintain)..

Many people are doing what you are planning without one by keeping a low profile about what they are doing.

If, for example I was on an extended holiday in Thailand and do some online fx trading with a UK brokerage, surely I will not require a work permit, since I am not taking away a Thai person's potential job. In these 'grey' areas, I think common sense should prevail more than having to 'worry' about questions where answers do not exist.....

There is a qualitative difference between handling ones personal finances using the internet and running an online business based in Thailand. Like I don't need a WP to top-up my mobile phone, transfer money to somebody, or move money between my different accounts using online banking...at least I don't think so!

I meant 'proper' trading in fx - not personal finances. This is trading where profits are subject to UK income tax.

By law yes you do need a work permit but getting one is not possible unless you are working for a Thai company or one that you setup yourself (costly to do and maintain)..

Many people are doing what you are planning without one by keeping a low profile about what they are doing.

If, for example I was on an extended holiday in Thailand and do some online fx trading with a UK brokerage, surely I will not require a work permit, since I am not taking away a Thai person's potential job. In these 'grey' areas, I think common sense should prevail more than having to 'worry' about questions where answers do not exist.....

Where is the Police and the Army?

Indeed.

Typical of the customary Thai rooted tradition of not planning for contingencies, rather only try to face problems only when and if they occur. The whole corruption rigged system is akin to a circus. What if the rice farmers' plight turns against the Sin-a-wats? The system has failed education. This in turn has led to fear of free speech.....this in turn has allowed corruption in every facet of Thailand - okay, I know some here will argue that corruption exists in almost all countries, but so blatantly? Apparently only 24% of the voting public are either reds or yellows, what of the rest 76% - pure apathy? Sometimes leaves me speechless........

Hang on, if a company owns the house, how can she claim a share?

Perhaps she is one of the Thai shareholders that "own" 51% of the company?

On the advice of my lawyer, I have just transferred the shares in my company from the original proxy shareholders put in place by the previous owner of the condo into the names of my girlfriend and her son. I'm still the only director of the company so I'm the only person that can sign documents etc.

Alan

Just curious, if it's a condo, why have shareholders and not own it outright as an individual?

From what little I understood when in Thailand, farangs can own condos outright, provided there is at least a combined 45% 'interest' in the building by farangs. Do correct me if I am wrong.

Hang on, if a company owns the house, how can she claim a share?

Perhaps she is one of the Thai shareholders that "own" 51% of the company?

On the advice of my lawyer, I have just transferred the shares in my company from the original proxy shareholders put in place by the previous owner of the condo into the names of my girlfriend and her son. I'm still the only director of the company so I'm the only person that can sign documents etc.

Alan

If she is one of the 51% owners, it has not been made clear by the op.

I would have thought proxies would be a better bet - risk of running into a quorum problem can be avoided (wife + son ganging up?). Also, presumably when you had nominee (proxy) shareholders, none were active in the company's affairs and you remained the sole signatory anyway.

I am no expert, and don't know much about company law in Thailand; just trying to understand the motives.

No, it is not the case.

Even if legally married, what was your before the marrige remains your during and after the marriage.

How about "Possession Adverse" under the Civil and Commercial Code, book4, title 3, section1382?

Appparently if she is allowed to stay at the property without any kind of written agreement for a period of 10 years or longer she may claim ownership.

Hang on, if a company owns the house, how can she claim a share?

Is she going to rent it locally in Thailand - i.e. advertise in Thailand, get tenants who are already in Thailand?

Or is she going to advertise it in on Canadian/US/international websites for holiday lets? If so, let the renters pay her in Canada with hard currency.

Tha income tax on rental property is quite fair @ 15%. the Thai taxman also accepts that the hard and soft furnishing of a condo or house is 40% of the rent, therefore not taxed but considered "compensation for value depreciation" if specified in the rental contract. most real estate agents are not aware of this.

Hi I am confused by this wording,

"compensation for value of depreciation therefore not taxed but considered compensation for value depreciation"

In the UK we generally do not get a deductible for depreciation on the fabric of the building or it's furnishings.

would you clarify your statement please.

In the UK, the equivalent to depreciation deductibles are referred to as 'capital allowances'.

The police need to do their job to enforce the laws, so are many things in Thailand!

What could be really interesting would be a scheme akin to 'exchange students' whereby traffic police are sent abroad (say Oz) to learn and enforce; similarly Oz traffic cops go to Thailand to teach and enforce.

Also, a national database for road tax & insurance (like in the UK) along with the equivalent of vehicle road worthiness test that can be referred to through mobile cameras for validation.

Perhaps that's fantasy.....

Carrying that amount of cash on your person is unlikely to be insured and is probably a very stupid thing to do.

Doing a bank to bank transfer (assuming you have a thai bank account) verifies and validates source. Merely drawing the cash from your bank means absolutely nothing.

Makes me wonder if people concerned about exchange rates actually take the trouble to quantify the difference - its probably just a few bottles of beer........

What beer do you drink? The difference between Super Rich's rate today of 42.15 and BBL rate of 41.59 results in a difference of THB16,800. I am also not suggesting OP brings in the cash, but just wondering how expensive your beer is. Cheers!

Sent from my iPhone using Thaivisa Connect Thailand mobile app

good point; did not realise exchange diffs varied so much.

Carrying that amount of cash on your person is unlikely to be insured and is probably a very stupid thing to do.

Doing a bank to bank transfer (assuming you have a thai bank account) verifies and validates source. Merely drawing the cash from your bank means absolutely nothing.

Makes me wonder if people concerned about exchange rates actually take the trouble to quantify the difference - its probably just a few bottles of beer........

I only recently stumbled upon this useful forum, and credit to all the contributors!

I am a 50+ very experienced accountant, but not CPA qualified. Never been to Thailand, but hear good things mainly from friends who've taken holidays there. I would love to settle in Thailand from the UK (London) in the near future, however, I do not wish to retire yet, so wondered if there is any demand out there for UK accountants in any related fields. Is age discrimination as common in Thailand as it is in the UK? Are there any recommended agencies in Thailand who cater for expat candidates? Also, any recommendations of places to work in aside from Bangkok?

As a precaution, I recently attained a TEFL certificate, and would also consider teaching "business english" to corporate clients.

All viewpoints and suggestions would be most welcome. Thanks in advance!

Thought this was an April Fool's attempt!