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thainet

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Posts posted by thainet

  1. 11 hours ago, thainet said:

    You write it on your boarding pass. Whether they record it is unknown.

    But it is their concern, not ours, if TM6 temporarily scrapped.

     

    You scoff at my post, but when I came into SUV at the end of July this is what the IO told me to do. Also in other threads, posters had mentioned the same for July arrivals. This IO practice may have been discontinued in August, but maybe other posters have had the same experience.

  2. 4 minutes ago, roskruge said:

    Present title is held by a company yes, and they have not intention of selling there company with the land.

    they just want to part with the asset.

    I think I have another week before a Thai person steps in and shows intention to buy.

    A week is not enough time to open a new company..it can take up to 6 weeks.

    Plus you must take into account all the possible pitfalls I have mentioned previously. 

    If you really want the land, and you only have a week to make an offer, then your only recourse is to buy in a thai persons name. But of course then you have a huge trust issue, so personally, even though it might hurt, it would be prudent to walk away for this (IMO).

     

     

    • Like 1
  3. 10 minutes ago, roskruge said:

    thainet What about buying an existing company

    Yes possible to do, but lawyer still required as there must be due diligence done on the company. It may have taxes owed, unpaid loans, asset liabilities etc.

    Also still a time consuming process as old directors/shareholders must be taken off, and you and your shareholders added to the company.

    Plus the last paragragh of my earlier post would still apply.

     

    It is easier if the land/asset you are buying is already owned by the company, then it is just a matter of changing director/shareholders, but still must do due diligence as described above.

     

    It seems you are new these proceedings, so be careful on whatever course you take.

     

     

     

     

     

    • Like 2
  4. 24 minutes ago, Peterw42 said:

    People usually use a lawyer to setup the company, not a Thai business man, whatever that means. 

    You need to decide who will be the other 2 owners of the company, the other 51%.

    Agree with this 100%. Setting up a Company (especially with a foreigner involved) is not an easy process, and not something a thai business man would be able to do, therefore a lawyer is really the only entity that can do this for you correctly. Also you must research this before going ahead, as to preferential/non preferential shares, other shareholders/director, voting rights, tax implications, Accountant etc.

    Also most importantly who will be the person that actually has the authority to transfer the land at the land Office (as a foreigner you cannot), so the company and its assets, will be wholly owned by them, for the duration of the land transfer....There are many pitfalls with having a Thai Company, so beware. It is also a time consuming process.

     

     

    • Like 1
  5. 28 minutes ago, Sparktrader said:

    Total dud. Most Nzers seem to live in Oz or about half.

    Your statement is a bit over the top, but yes it is true that many NZ'ers are going to OZ for better wages, plus the probable law change that covers kiwis for health/social services while in Aussie.

    But on the flip side NZ is starting to get many Aussie tourists now that travel is easier.

    • Like 1
  6. 3 minutes ago, JiminLA said:

    Thanks guys, I see one of you thainet, has experience in this area, and does what I was hoping you can do to insure a new/other driver of your vehicle.  I would be willing to pay them the extra amount if needed to make certain their insurance is in top shape.  Have you ever had to file a claim for an individual who drove one of your cars and had an accident, and what was involved in the settlement?  I ask, because maybe you've been lucky and never had to file a claim, and so the insurance company is none the wiser about you renting out your vehicles.

     

    Thanks again,

    Jim

    Yes had  some small claims---no problems, but this my experience only..others maybe different.

    One VERY IMPORTANT thing is the need for a Thai Licence.

    Most insurance companies don't tell you this, but if reading the very small print it is usually a requirement to make a claim.

    • Like 2
  7. 32 minutes ago, Frenske said:

    Just one question. Do you as a renter have to pay for the service charge /maintenance fee or is it usually included in the rent?

    Depends on the landlord. For me personally I include it in my apartment rentals, but usually do 50/50 on my house rentals. I have standard contracts (that I made myself) and just massage them a bit for each new tenant and circumstance.

    • Like 1
  8. 17 minutes ago, jumbo said:

    I thought that 'no treatment without payment' was cleared now with the additional 500 thb tourist tax????

    Haha to the first part, and the 300 baht tax has been delayed indefinitely (and nobody really knows what it is for, or what/or if it will cover health related issues).

  9. 12 minutes ago, KIngsofisaan said:

    0.75 acres is only enougth for 1 home

    Dont be silly mate...it is nearly 2 rai, and enough for at least 6, maybe more homes. Many new devlopment, middle of the road, standalone houses are only 80-100 sqm of land.

    (if townhouses then double that figure).

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