maisodni

Gents -  It's a DEBIT card - not a "credit card."    You can use it as long as the account that it is based upon has enough money in its balance.

My company's lawyer is a notary public in Bangkok, based at the BB Building on Soi Asoke (Sukhumvit Soi 21).  If that would be useful to you, let me know, and I will send you a Private Message with her e-mail address.

Cheers!

Sukhumvit Soi 13 - The Sportsman Bar & Restaurant  -  https://bangkokbeerguru.com/city/bangkok/listing/the-sportsman-bar-restaurant/

If the debtor dies, then occupancy of the property usually passes on to an heir.   If the heir wishes to continue occupancy, and eventually achieve ownership, then he/she must continue paying monthly payments on the debt.   Or - the Guarantor can make the payments, on behalf of the new occupant. 

In no case does a Guarantor risk losing anything, unless he/she is the heir.  All that a property owner can do if payments stop coming in on behalf of an occupant is to foreclose on the property, and evict the current occupant. 

You are probably talking about the old Queen Victoria pub - which is now reopened as Scruffy Murphy's Irish pub.

Good equivalents (British owned) to the old Queen Vic are:

The Sportsman on Sukhumvit Soi 13:  https://bangkokbeerguru.com/city/bangkok/listing/the-sportsman-bar-restaurant/

The Royal Oak on Sukhumvit Soi 33/1:   https://bangkokbeerguru.com/city/bangkok/listing/royal-oak-pub/

Cheers,

Steve

For most Thai private companies, the issuance of "share certificates" is pretty much optional.  Most Thai companies probably do not issue share certificates - because there is no particular Thai government interest in such papers.  What the Thai government DOES care about is the current shareholder listing form - known as the form Bor Or Jor 5  (BOJ.5).  It lists all shareholders by name, listing also the numbered shares owned by each shareholder - by quantity, type of shares (ordinary or preferred), par value of each share, and the actual share registration numbers of all shares owned by each shareholder.

Thus - let's say there are three shareholders - who initially collectively owned 10,000 shares, each share with a par value of 100 baht.  One shareholder owned 49% of shares, one owned 50%, and one owned 1% of shares.  So - the initial  BOJ.5 would list shareholders like this:

                                                 Quantity                        Share Registration               Date on Which Shares

     Name           Citizenship       Of Shares                            Numbers                              Were Issued

1   Ms. A B C     Thai citizen      100 shares          1 %     Shares  No.   00001 - 00100              13 Dec 2562

2.  Mr. D E F      Thai citizen    5,000 shares        50%      Shares  No.   00101 - 05100            13 Dec 2562

3.  Mr. G H J      UK Citizen      4,900 shares         49%     Shares No.    05101 - 10000            13 Dec 2562

Each of those lines would also have a date of when those shares were issued (equaling the date on which that share capital was paid up).

If you later issued shares for another 1,000,000 baht in capital, TO THE SAME SHAREHOLDERS, with THE SAME CUMULATIVE SHARE PERCENTAGES RETAINED, a new BOJ.5 would be issued.  It would look like this:

                                                  Quantity                        Share Registration             Date on Which Shares

     Name           Citizenship       Of Shares                            Numbers                            Were Issued

1   Ms. A B C     Thai citizen      100 shares          1 %     Shares  No.  00001 - 00100           13 Dec 2562

                                             100 shares                    Shares  No.   10001 - 10100           13 Feb 2563 

2.  Mr. D E F      Thai citizen    5,000 shares        50%      Shares  No.   00101 - 05100           13 Dec 2562

                                             5,000 shares                    Shares  No.   10101 - 15100            13 Feb 2563    

3.  Mr. G H J      UK Citizen      4,900 shares         49%    Shares No.    05101 - 10000            13 Dec 2562

                                             4,900 shares                  Shares  No.    15101 -  20000            13 Feb 2563 

As long as  the company is not a BOI-sponsored company, then until total value of capital registration reaches 5,000,000 baht, no evidence of capital pay-in is required to be shown to the Thai government.  And - up to that point - there is no requirement that company even has a corporate bank account.

Best regards,

Steve

https://www.thaistartup.com

My endorsement is for Sukhumvit Hospital, a short walk from Ekkamai BTS Station.   Very efficient, with reasonable prices.  They opened a very big new "wing" (completely separate from  the old hospital building) about four years ago.

I stand corrected on part of my earlier posting:

As read:

Those fees are important in order to calculate just the FIXED government fees required, in order to incorporate - no matter which service provider you use (but many providers do not even mention these fees when giving you a quotation):

1.   Government capital registration fee for Memorandum of Association (MOA):   500 baht

2.   Government application fee for MOA:    400 baht

3.   Government application fee for incorporation:    700 baht

4.   Government capital registration fee for incorporation):   Minimum fee: 5,000 baht, plus 100 baht.   Calculated fee:  5 baht per each 1,000 baht of registered capital, plus 100 baht.

Should read:  (based on changes that were put into place on  April 18, 2018)

It is important to determine the FIXED government fees required, in order to incorporate - no matter which service provider you use (but many providers do not even mention these fees when giving you a quotation):

1.   Government capital registration fee for Memorandum of Association (MOA):   500 baht

2.  Government capital registration fee for incorporation):    5,000 baht

I have run an incorporation services company in Bangkok since 2003, having helped start more than 280 Thai companies.

The first thing that you need to know is that per each work permit that the company will seek to sponsor, the required amount of registered capital is:

1)  Per each foreigner with a Thai spouse:  1,000,000 baht

2)  Per each foreigner who is NOT married to a Thai spouse:  2,000,000 baht   

Those fees are important in order to calculate just the FIXED government fees required, in order to incorporate - no matter which service provider you use (but many providers do not even mention these fees when giving you a quotation):

1.   Government capital registration fee for Memorandum of Association (MOA):   500 baht

2.   Government application fee for MOA:    400 baht

3.   Government application fee for incorporation:    700 baht

4.   Government capital registration fee for incorporation):   Minimum fee: 5,000 baht, plus 100 baht.   Calculated fee:  5 baht per each 1,000 baht of registered capital, plus 100 baht.

5.   Government work permit application fee:  100 baht

6.   Government work permit approval fee:  3,100 baht

There are also government fees for processing of applications for Immigration extensions (if needed) and for any required company registration changes.

Make sure that whomever you use to incorporate your business tells you their fees to prepare and process applications for:

1.   Social Fund registration

2.  Tax and VAT registration

3.  WP.3 form, if needed

4.  Assistance putting together all documents needed in order to open a company bank account.

5.  Employee personal income tax registrations for any Thai or foreign employees who have not previously been employed in Thailand.

For an additional fee, companies like mine can also provide (usually temporarily) a lawful initial company registration address, a "custodial" Thai company director, and even one or more Thai "nominee" shareholders.

Preparation and processing of programs such as Thai BOI applications, Thai-US Amity Treaty applications,  and Thai Representative or Thai Regional Offices also involve other fees.   

If a Thai service provider does not address all applicable fees mentioned above - on their own, without you asking for it - then you should walk away from that provider, because they are not being honest with you.

I will be happy to reply to any private messages sent to me. 

Valentine's Day is 14 February.  For some of us in Bangkok, that date is significant because that is the date in 2012 on which a Iranian Quds Force guy blew himself up by misadventure on Sukhumvit Soi 71.  For a partial description of that event, please see:   https://www.debka.com/intelligence-experts-no-proven-links-between-bangkok-blasts-and-indian-georgian-attacks/

Every Valentine's Day since, I have been happily recalling (actually - celebrating) the self-mutilation of one-each Iranian terrorist thug, Mr. Saeib Morabi, who evidently has ever since been languishing inside a Thai prison.  Hopefully, he never gets out.  

Hi Guys!   I run a craft beer website in Thailand.  In the "Blog" section of that website, I listed music videos by 19 artists to end the year 2019.  Some new, some old - but not just "plain vanilla" videos. 

Please visit:    https://bangkokbeerguru.com/19-music-video-selections-for-2019/ 

By the way - back in the 1998-2002 era, I used to be an unpaid DJ at the Rooster Bar at Buckskin Joe's Village, next to Sukhumvit Soi 0 (Zero).  I kept a collection of about 150 music CD's there, and they let me play what I wanted.  Some customers bought beers for me, and a good number of the girls who worked there "took me away for awhile" - I guess because I was the DJ.   I remember many a brief visit (with a girl in tow) to "Uncle Ray's Guesthouse"  off of Sukhumvit Soi 4.

If anyone else recognizes the references to Rooster Bar, or Uncle Ray's Guesthouse - then you will most likely enjoy some of the selections at the above-referenced web-link.

Cheers!

The Bangkok Beer Guru

Your "working visa" is probably actually an entry permit issued on the basis of you having entered Thailand on a NON-IMMIGRANT Class B visa.  It is a NON-IMMIGRANT entry permit, requiring you to report your residence address to Immigration every 90 days, and to maintain your departure card in your passport.  That is different from  being here in Permanent RESIDENCE status, in which case your entry permit is extended indefinitely, your departure card is taken, you are placed onto the tabiehn bahn where you reside, and you are no longer required to make 90-day reports to Immigration.     

Here is the sign at Changwattana Immigration - no sandals, no shorts, no tight pants, no min-skirts, no "wife beater" singlets, no vests, no see-through tops.   

One possibility:  shops are no longer allowed to sell any pork meats, so that they can qualify to be rated "halal"? 

I like the beef pho at the Vie Halong restaurant on the upper level at the Piyarom shopping mall near Sukhumvit 101/1  - at  GPS 13.684970, 100.610998 .

https://www.thaistartup.com/references/taxation-summary-2017.php 

https://www.thaistartup.com/references/pitc.php 

There is a battle going on right now between BTC and BCH.  Most likely, only one will prosper.  The core developers are with BTC.  A small number of miners with a majority of mining power are pushing BCH - and have actively manipulated the environment over the past few days by:

1) Flooding the BTC network with "empty" (SPAM) blocks - slowing clearances for real transactions down, and raising the fee to send BTC.

2)  "Artificially" exploiting a BCH loophole by processing 7.5 blocks every 10 minutes, instead of processing at the standard rate of one block every ten minutes - thereby accelerating clearances, and lowering processing fees.

The problem for BCH is that the "loophole" that they were using to accelerate clearances and lower processing fees had an "expiration"  date/time that expired within the last 12 hours, based on a "difficulty" adjustment to the processing algorithm - meaning that their "leveraged" advantage just declined markedly.

In effect, a small group of people tried to sabotage BTC, and have BCH replace it as the "main" Bitcoin - and they did this via a planned "attack"  that briefly gave them great advantage.   If enough  users bailed on BTC and shifted to BCH within about a 60-hour window. the BCH might have succeeded.  But - they fell short - and will now probably be marginalized into oblivion.  BCH price will collapse, and BTC price will rise again.

On 13 October, one month ago, BTC was at US $5,588.  It is presently at US $6,306.  That is still a 13% gain in one month.   On 13 October, one month ago, BCH was at US $305.  It is presently at US $1,103.  That is still a 261% gain in one month.

But -  at noon on 11 November, two days ago, BTC was at US $6,474.  It is presently at US $6,306.  That is a 2.5% loss two days.   At noon on 11 November, two days ago,, BCH was at US $1,101.  It is presently at US $1,103.  That is still a 0.2% gain in two days.

One way to look at it is to assume that COMBINED value of one BTC and one BCH will TOTAL around US $7,500.   As one goes up, the other will go down.  

There may yet be more cards to be played. Time will tell.

http://kingrama9.net/Live

Correction to my earlier post:  The Clubhouse Bar is on Sukhumvit Soi 23, not 33.

The bx.in.th website is/was run by the same people who operate  https://bitcoin.co.th/ and they have been running smoothly for several years.  They participate in the weekly Bitcoin meetups - on Monday evenings, at The Clubhouse bar on Sukhumvit Soi 33:   see: 

Chulalongkorn Day is a standard annual national holiday, and under Thai Labor Law, it is one of the paid holidays to which workers are entitled.   Generally, businesses based in office buildings are closed, with rare exceptions. 

What used to be branded under the Travel Lodge "family" is now just called the City Lodge, and is actually located on the corner of Sukhumvit Road and Sukhumvit Soi 9, at GPS 13.740420, 100.555819     https://www.mosaic-collection.com/citylodge9/

What used to be called the Best Western Sukhumvit Klassique hotel is now just called the Klassique Hotel, and is located off of Sukkhumvit Soi 73, at GPS   13.710518, 100.598222  http://klassiquesukhumvit.com/ 

You can try the side-by-side venues Smoking Dragon, and Dragon's Den, on Soi Udom Suk.  Mostly Thais, but also some teachers hang out there - ages as in late 20's.    See: http://bangkokbeerguru.com/city/bangkok/listing/smoking-dragon/

As long as your Immigration entry permit extensions are based on marriage - such that you need no photos of you and  your company's Thai employees at work in the office  (which are required for a Class B extension), you may opeate as you are, with no problems.  

What you cannot do is deduct as a business expense any address-related expenses (rent, electricity telephone, ADSL, etc) at the condo address - in order for such expenses to be deductible, the location must be a registered business address of the company.