Sunbelt Asia

This trendy salon is located in a very busy and well known district in Bangkok and has well decorated salon on ground floor and a first floor apartment providing accommodation for the owner or the staff.

The store is furnished with care and has the latest in modern equipment. There are three staff with monthly wages totaling 50,000 baht. Rent is 50,000 per month and is on a 3 year renewal lease contract. The business has developed a good volume of sales with a high profit margin. Even though the business has only been open a year and half it has developed a good reputation among area expats and local VIPs as they provide high quality customer care and excellent service.

The owner wishes to sell as they find that business is more than they have time to handle. More details will be disclosed to a serious buyer.

ASKING PRICE : 2 million baht

(BKK14371)

[sunbelt][/sunbelt]

This 12 room guesthouse is located in the heart of Bangkok very near the BTS Skytrain with easy access to all of Bangkok. The guesthouse could easily expand to the top floor to add another 6 rooms and a terrace garden.

Open for 5 years, the internet marketing and online booking is already in place. The lease has 8 years remaining and rent is 80,000 Baht a month.

Income last year averaged 248,000 Baht per month while net profit averaged around 119,000 Baht.

The owner plans to leave Bangkok and so desires to sell the business.

ASKING PRICE: 4 million Baht

BKK14368

[sunbelt][/sunbelt]

Located in the busy area of Asoke on Sukhumvit 21, this nail salon is fully equipped for a spa like experience for manicures and pedicures. The well decorated shop is located on the main road and covers 32 sqm. The salon has a rent of 50,000 Baht a month with a lease that expires in 2014. There is a security deposit of 210,000 Baht required. There are currently 2 full time and 1 part time employees working 7 days a week from 10:30 a.m. to 7 p.m. Located in a busy area surrounded by offices, this nail salon has been open for 6 months.

The owner wishes to sell as she doesn’t have enough time to run the business.

ASKING PRICE: 800,000 Baht

BKK14366

[sunbelt][/sunbelt]

This wholesale jewelry business is based in Bangkok and sells gemstones, pearls and silver sourced from China, India and Thailand and delivered worldwide directly from the producers to the business in Thailand.

The business is managed by the owner and 1 employee. Due to low operating costs, the business has a very high profit margin of around 50%.

The owner is looking ideally for a partnership of 50-75% but he will also consider a full sale.

More detailed information will be disclosed personally by the owner in a meeting.

3 options are offered

a) partnership of 50% 290,000 baht

b ) partnership of 75% 372,000 baht

c) full sale 480,000 baht

bkk14359

[sunbelt][/sunbelt]

Up date!!!!!. The owner want to sale fast.New asking price for 100% shares 4.5 Million baht.with promotion with in end of this month.

A nicely decorated wine bar with restaurant located on Rama 9 Road is looking for a buyer. Located in a new shopping complex the business has been established only 5 months but the business has seen good growth. The area is surrounded by office complexes and many housing developments that are attracted to the chic space.

With 250 sqm of space the restaurant can hold 120 seats. Rent for the space is 180,000 Baht a month and the lease has almost 3 years remaining with a 3+1+1 option. There are 7 employees drawing 70,000 Baht a month in wages. Sales have reached around 900,000 Baht a month in the 5 months the restaurant has been open.

The owners invested more than 18 million Baht in the business and is looking to sell as they plan to move to another province. The new owner would also manage the business.

ASKING PRICE: 8.5 million Baht for 100% shares

BKK14351

[sunbelt][/sunbelt]

UPDATE: New financials statements for 2011/2012 showing a 64% increase in profits - Asking price remains the same

(UPDATE*: The company sold a plot of blank land ot held as an asset, reducing the assets book value of 7,200,000 baht and therefore the total asking price to 38,800,000 baht - Profits and other financials remaining the same)

This established industrial flooring company has become available for sale due to the owner's recent health concerns after 8 years of successful trade. The business is fully operational and running with highly qualified staff already in place within six different departments, operated with two fully licensed Thai Limited Companies holding all required licenses and authorizations.The brand has built a reliable and excellence image over the years, ensuring the best market coverage through trade marketing and advertising programs. Furthermore, an extensive client database has been built up as the company was employed by more than 300 clients including some of the most well-known International firms.

Premises measure 4050 sq.m including a warehouse, office spaces, as well as a labor camp for the staff. Assets are worth over 25,200,000 THB, sales reached 81,500,000 THB last year from which a 4,000,000 THB cash flow has been secured. A company profile as well as full financial reports are available to be reviewed by interested parties. As the owner is confident in the success of the project he considers that a five years ROI is to be anticipated. Furthermore he is willing to stay and assist the new owner with the take buyer after the sale.

New Asking price: 38,800,000 baht.

BKK14350

[sunbelt][/sunbelt]

UPDATE: The price of this business has been reduced from 12,000,000 Baht to 6.000.000 Baht as the owner is seeking a quick sale. Also included in the sale price are newly installed air conditioning units and sofas.

This Koh Samui based bar and nightclub has become available for purchase as the owner is taking on a new business venture outside of the Koh Samui area. This business is located in one Samui's most popular nightspots, with capacity and seating for over 100 customers. The business was established by the owner in 2011 and has now been open for just over 6 months. To date the business has accumulated monthly sales ranging from 800,000 Baht in the worst month, to 1,600,000 Baht in the busiest month. Monthly net profits after all expenses have been deducted range from200,000 Baht to 400,000 Baht, depending on the season and other business factors. The business currently has 7 full time employees commanding total monthly salaries of 49,000 Baht. The business benefits from a long lease term, with a 9 year lease that will expire in 2020. The monthly rental for the premises that measures approximately 380 square meters, encompassing 2 floors, is 58,000 Baht.

This bar and nightclub is open 7 days a week from 8pm-4am and already in place are music, alcohol and cigarettes licenses. Included in the sale price is stock valued at 120,000 Baht and furniture, fixtures and equipment valued at 1,200,000 Baht. The business has a pool table that is rented and the income from the table is shared between the bar and the rental company. A fully licensed Thai limited company is included in the sale price as well as a business insurance package. The owner is seeking a quick sale and is therefore open to offers on the business.

New Asking Price: 6,000,000 Baht

BKK14347

[sunbelt][/sunbelt]

This casual and yet still elegant wine bar in Phuket specializes in wines and imported beers and also has a kitchen that offers food and snacks for customers. The ambiance of the wine bar features warm lighting, relaxing music and wine-friendly dishes and dessert.

The 418 sqm premises comfortably seats 75 people and has a monthly rent of 50,000 baht. There is 3+3+3 renewal option on the lease with 10% increase of rent every 3 years. Monthly payroll for 4 full time employees is 117,000 baht.

Inventory is valued at 1 million baht while other assets are valued at 700,000 baht and are included in the sale.

The seller established the business 3 months ago but has found that he does not have the time to devote to the business so has set an attractive asking price of a bit more than the value of the inventory and assets.

ASKING PRICE: 2.7 million Baht

(bkk14344)

[sunbelt][/sunbelt]

Normally severance is due only after the employee has worked there for more than 120 days. Over 120 days but less than one year a month's salary is due as severance.

However, as the employer you are required to give notice on termination of at least one pay period. This can be up to one month, depending on how often salaries are paid, but it can also be one week if salaries are paid weekly for example.

The employee can work for you during this period.

[sunbelt][/sunbelt]

While we are not based in Chiang Mai we understand there is a shop on the 4th floor of the Central Plaza Airport that can do company seals. afraid we didn't get the name but it should be easy enough to find.

If you are in Bangkok we can arrange it for you.

[sunbelt][/sunbelt]

The best option is to form a separate Thai Limited Company and then have the Limited Partnership sell assets and name to the new company.

Please contact us to make an appointment for a free consultation and we can go over the entire process with you.

[sunbelt][/sunbelt]

If you pool together and buy the building and land with a Thai investor under a Thai company then you would control the Thai company. When the thirty years is up then the Thai Ltd Co would just grant another 30 years.

Their are laws on what constitutes a condo and what is a apartment complex. Feel free to make an appointment with Sunbelt Asia to come in and we can look over the documentation and give you all options

[sunbelt][/sunbelt]

Sunbelt Asia has a large and experienced accounting department that can assist you in your accounting needs. Please feel free to give us a call or an email and we can give you a quote on what accounting services you will need. I think you will find our prices are very reasonable and our accountants speak English. The books, of course, will have to be submitted to the Thai authorities in the Thai language but we can also give you an English copy as well

[sunbelt][/sunbelt]

The requirement is that you have four workers and that you pay them a minimum of 9000 Baht a month. There is no requirement as to how many hours they work. If you want four part time employees that is acceptable but they still must be paid 9000 Baht a month each as well, of course, as pay into the social fund on each one.

You can own or be a director,signing or non signing, without a work permit as long as you are not working inside Thailand. If you are a signing director and need to sign documents without a work permit you must be outside Thai borders when you sign as you have no work permit and this is considered working The date of the document and your passport exit stamp from Thailand would be the evidence you need to show that you did not violate that condition.

[sunbelt][/sunbelt]

You don't mention what kind of shareholder set up you have currently, do the other shareholders have preferred shares for instance. It is possible to add other shareholders but it would dilute your shares since you own 49% and the company must be majority Thai owned. Changing the majority shareholders could be problematic, it would be best if you could come into our offices with your company paperwork so that one of our lawyers can look it over.

Please send a Personal Message with your email and I will get in touch with you directly

Greg

[sunbelt][/sunbelt]

Sunbelt Asia has over ten years of experience in setting up businesses for foreigners in Thailand and 72 English speaking legal advisors to assist you in the process.

Depending on what kind of business you are going into you may be eligible for BOI promotion., there are ways to set up share ownership so that you retain voting control as well. If you are setting up an export only company, you can retain full ownership as another instance.

Please feel free to contact us via personal message with your email address so that we can get more details on where you are located, what kind of business you are looking at setting up and what options are available to you.

[sunbelt][/sunbelt]

You should wire the funds into Thailand after you get the invoice so you can pay in Australian Dollars. You don't need to have a company to import from Australia a good freight forwarder can help you with this. We recommend Dawn Shipping, a company we use regularly and have always received excellent service.

Robin Loh

Country General Manager

DAWN SHIPPING (THAILAND) CO., LTD.

(Member of Dawn Shipping Group)

184/107, Forum Tower, 20th Fl, Ratchadaphisek Road,

Huaykwang, Bangkok 10310, Thailand

Mobile +668 5250 2729 | Tel +662 645 2218 ext. 115 | Fax +662 645 2217 | www.dawnsg.com

[sunbelt][/sunbelt]

That is very good advice. Thank you for sharing your story.

Greg

[sunbelt][/sunbelt]

Hi

You must pay VAT on your services as a brokerage. Give us a call and we can help register you in the system, additionally, we can assist you in the monthly VAT filing as well if necessary.

[sunbelt][/sunbelt]

Hi

In Bangkok at least they are very strict and will be meeting these employees. They want to make sure you are not doing what you are trying to do.... possibly lay them off after you get the work permit. They will not be happy at the social fund office as its expected that you pay into the social fund on these employees.

The questions asked to each and every employee will be questions like this

What does your Boss look like?

What is your Boss name?

When is the last time you saw your Boss?

When do you get paid?

How do you go to work? What is the route you take?

What kind of work do you do?

The employees can be part time but they must get a salary of 9,000 minimum per month.

In rare cases, exceptions will be made in the first year depending on the business objective for example, if its exporting. We have petitioned and obtained two work permits with four Thai employees( actual case last week) but we can offer no guarantees.

Please feel free to contact us directly (info below)

Greg

[sunbelt][/sunbelt]

Thank you for using our services Farlang 2012, we are glad we could be of service to you.

It should be pointed out that this was not a simple or easy case of overstay of someone who could leave on the same passport they entered on. First of all our client had a new passport with no entry stamp. In order to clear immigration you must show the entry stamp transferred into the new passport. This is the step that gets most people in detention, offering cash under the table is not a good idea to get around this.

You need to go to Immigration to get the new stamps and the main office is much stricter than the airport. However, our advisors had her wait outside while they talked to the Immigration officers and they were warned if they brought her inside the office at immigration she would be arrested. That's why they could not transfer the stamp. They had to convince the officer to call the airport to allow her to show the old passport with the entry stamp there. The odds are very high, that Farlang 2012 would have been hassled and possibly arrested because of the almost 3,000 day overstay if our advisors had not gone as well.

The process went as smoothly as if you had just a 40 day overstay with a valid passport and entry stamp as we had cleared the process beforehand and the officer was waiting for you. Otherwise, they would not let you on the plane but would have sent you back to Immigration. If you are to be deported, this is where it happens.

[sunbelt][/sunbelt]

Hi Dazzler, It is possible for you to come to work in Thailand short term, let me address each of your questions.

1. You could work on a contract basis however the Company must assist you in acquiring a Work Permit. It should be noted that when applying for a Non Imm B (Business) Visa as well as a Work Permit in Thailand Company documents must be provided to meet the application requirements. If you get an assurance from the Company that they would help you in the application processes then there should be no issue with accepting the contract from the company. Please note that even you have successfully obtained Non-Immigrant B visa, this does not allow you to legally work in Thailand, but you will need it for the work permit application.

2. Again, as services are carried out in Thailand, you would still need to have a work permit to be able to work in Thailand legally. If this Thai company refuses to help you with both the Non- B visa and your work permit you should consider establishing a “Representative Office” or Regional Office” of your offshore company in Thailand.

3. You could set up a Representative Office in Thailand but it is important to note that the office must not earn revenue in Thailand. It can engage in such activities as

• Sourcing goods or services in Thailand for a Head office.

• Checking the quality and quantity of goods purchased or manufactured in Thailand.

• Giving advice regarding goods sold to agents or consumers

• Information regarding new goods or services.

• Reporting and analyzing activities

And finally 4. We do offer a service where we Sponsor our clients in applying for a Non- B Visa at a Thai Consulate or Embassy abroad. The non-B would allow you to come to Thailand to explore employment and investment opportunities.

Depending on which Embassy or Consulate you make the application at, you would receive either a 90 day Visa or a 1 year Visa. We have found Asian and European consulates and Embassies give the single entry visa.

Please feel free to contact us directly for more information on this visa, setting up a Representative office or applying for a work permit. The initial consultation is free.

[sunbelt][/sunbelt]

Due to the brief information provided, please note that we can only provide information based on a simple scenario.

Once the court has decided that this court case is a Criminal Case, as the Accused you can appeal against the court order, you can challenge and deny the charges against you. If you appeal and the court decides that this is a Criminal Case, your status will now be listed as the Defendant and you would not have the right to go to the Supreme Court to challenge the order. You would now need to be bailed out of jail so that you would be able to seek further information, witnesses, proof and evidence to disprove the charges.

At the end of the Trial, if the court has made its ruling in your favor, you could be set free. While the Claimant (Plaintiff) could make his/her appeal. This also would be available to you (the Defendent) in the case if the court’s ruling was against you.

If the 2 previous court’s decision were all against you. Before you could proceed with the your appeal with the Supreme Court, you must obtain certification and acceptance from the Supreme Court (this is at the discretion of the Supreme Court).

We would recommend that you give us a call, we have highly experienced criminal lawyers that can help in your case. 02-642-0213

[sunbelt][/sunbelt]

Under the civil commercial code your girlfriend has that right as a director and shareholder.

Contact us. We will send a warning letter and other steps if required.

[sunbelt][/sunbelt]

No, its just the usual semi-functional government website. It would better and easier if your wife went and registered in person

[sunbelt][/sunbelt]