~G~

although happily ive now received pm's from 2 posters here explaining what was said

Care to share?

all in all a pointless thread - but my pointless reply puts me one post closer to a thousand i spose... so its not all bad

You mean, this thread is like a broken pencil...

I already got the source from Baiyoke 2 (Bangkok) but did not know 1) where to find forwarder by land 2) about tax imposed by Thai authorities 3) transport fee (from Bangkok to Kuala Lumpur) 4) the rules & regulations of importing t-shirts to Malaysia to sell 5) whether I had left out anything important.

Apart from sensitive items, Thailand does not restrict or tax exports. Generally, the taxing and restrictions are done by the Custom Authorities in the importing country - it this case, malaysia.

You should contact a customs agent in Malaysia for advice about the relevant tax issues.

Do you have a Thai company? If not, you can't really act as the exporter. You can have your supplier be the exporter, Issuing an Invoice to your address in Malaysia, with you being the Malaysian importer. I do not know the Malaysian laws, but in most coutries you need to be at least registered for VAT in order to perform a commercial import.

Dunno if it answers your question, but I got a call from Standard Chartered the other day, offering loans with no collaterals, up to 3M baht for SMEs. Crazy interest rates, but who cares if you only need it for a few months.

Anyway, 1.5M baht is not a lot, and I'd guess the answer to your question is yes, but I am not sure they will be as quick with it as you need them to be.

I have had the same idea as you, heart.

The main reason I did not do it was because I realized, that it would not be stress-less at all, and that it is very possible to optain the same level of return from other much more maintainable investments. I invested in a mutual fund.

And what kind of yield did your mutual fund do since the beginning of the year?

ask about last 3 years miones averaged about 10% but this year since jan has been bad lost about half gain but still up about 5-7% per annum compounded - i look at long term 10+ years and in UK and USA property has been thing but here in LOS i tihnk your better of with mutuals - but who knows u takes your chance and live with it or just blow it all and go back to UK or USA and live of social

I asked about this year for a reason... did around 25% in 2005, 3% so far 2006. Mutuals funds? No. Stick to ETFs. Anyway, markets are on their way down I believe. But, enough with that, this is a real estate thread.

Would love to "pm" you for details but new in the forum thing = no clue on how to do that

Sounds very strange. I am the Managing Director of my company as well as an employee, and make the monthly social security payments.

We don’t have any written contract but a verbal one that says that both parts has to inform the other at least 3 month before any cancellation.

Unlike legal systems based on the English law, verbal contracts in Thailand means almost nothing.

Without a binding contract, the request to stay needs to be on a personal level rather than trying to enforce something that was said in the past. With many Thais the personal interaction, asking for "help" or "assistance" rather than demanding it, will be much more effective.

Many times I find a thread and I respond to it, only to find that I am the last person to respond to it, and it was very active before I got there.

It's simple, you're a Llort.

(The exact oposite of a Troll)

daleyboy can "requeat" all he wants ! Usually it requires the OP to "request" a thread be shut down, and the first (and last) time I checked, you weren't the OP !

Well, there are other ways to close a thread... He might post an "interesting" pic or two, a small advertisment or a few, and you've got a red X and NOT The Last Word

Edit: TLW.

138 pages... Were there longer threads than this one?

I have had the same idea as you, heart.

The main reason I did not do it was because I realized, that it would not be stress-less at all, and that it is very possible to optain the same level of return from other much more maintainable investments. I invested in a mutual fund.

And what kind of yield did your mutual fund do since the beginning of the year?

Here are three with many more to come...

Great interviews, Greg, however, I am not sure he was looking for feedbacks played in a Sunbelt-sponsored radio station (and please correct me if I'm wrong), with the MD of Sunbelt as the interviewer... Without doubting Sunbelt, when one comes to asses a company one needs to get feedback from sources a bit less dependent on, or affiliated with, that company...

For 15,000 baht one can get around a 40 sqm office. Space only - not serviced.

We have started in a serviced office - it gives easy start, I'd say good for short periods, or for those that don't employ more than one or two staff, don't hold any stock there, ok with sharing meetings space, etc.

For the long run or for bigger operations - once you grow, the costs in a serviced office skyrocket.

He told me that out of all interested parties, the best offer he received was for 5M. Now why would someone with a business that makes 5M per year sell it for that price?

Because he doesn't want to run it any more and has no better offers?

This will happen in most cases in an asset purchase as the business is losing money. Only a cash flow positive business can be evaluated by a multiple of its cash flow. If it’s negative cash flow, then the business is worth nothing in this method but of course the assets must be worth something. On average an asset purchase is 30- 50% of the asset value.

Also it can happen the cash flow is not simply high enough. The cash flow is 800,000 Baht per year. Fair market on a simple cash flow multiple is 2 million Baht but the assets for the business are 6 million. Hence on an asset basis it is worth 3 million baht max even though it is cash flow positive. You would have a business both cash flow positive and selling lower than its asset value at 3 million Baht. This has happen in a number of cases as the ROI is not 20% per year.

It doesn't make any sense. If the asset value is 6 million baht, and you pay 3 million to acquire the business including the asstes, you can just sell the assets for the 6 million, make an instant profit of 3 million baht and close the business. Obviously it is not possible to sell the assets at their claimed "value".

Real value? Not what the owner paid for it, but its market value today. Someone trying to sell assets for less than their "value" simply says that this "value" is completely theoretical.

One can find very strange listings sometimes. For example, businesses that is offered for less than the stated yearly profit. Or businesses that are sold for "less than the assets value" - this is just contradiction in terms. Or enterprises that "require no participation of the owner", but are sold "due to relocation"...

Even if the figures can be somehow verified, they are only an indication about the past. I can imagine that owners that start to see rising competition, or changing business enviornment will try to sell based on past success (e.g. real estate broker, trying to bail out due to new regulations, showing excellent results in the past years prior to those regulations).

A typical BDO structure would have a foreigner owning 49% shares and the remaining 51% owned by four BDO controlled holding companies. As holding companies, each one can have shareholdings in the other.

1 + 4 = 5. Where are two more?

What will happen to the companies assets (land 400 Sq M) when the company is deemed to be illegal?

Well, the assets have to obey the Thai law. The ground will be dissolved, it will simply dissapear in space.

Does the Train to Kanchanaburi still departs from Thonburi Railway station as in the past?

No one else any additions?

Kikker, have a look in recent threads and you will see that starting a Thai majority company in Thailand seem to have become a bit more complex than in the past.

mrroomfinder.com for ideas .... and then go look for yourself in person.

ditto that. mrroomfinder.com has plenty of apartments and is very easy to search.

A 10 minute per week update is all that's required to run it...Anyone who's interested in these types of deals, feel free to PM me.

One can only wonder why people will give up those gold mines for so little...

First rule is, you do not talk about Fight Club.

Second rule is, you do NOT talk about Fight Club.

Of course i know the details of what i posted but i won't be revealing any of the details.

I wonder what will Mr. Greg M. Lange say about that? (M stands for Mythbuster)