STD Warehouse

2 hours ago, eyeman said:

You opened a thread a few weeks ago, I guess its related unless you're modelling the weather. If you're trading with your own money for your own benefit, a prop shop essentially, then you can I'm sure you can be as flexible as you like and no one will care.

 

If it's a silly/weak workaround to essentially offering investment advice under some vague get-out-clause that your clients (or friends) are buying into a mathematical model, or recurring modelling advice, and even executing themselves then you will be truly, and rightfully, screwed the moment you learn that your clients/friends can also pretend, and they were never allegedly aware of the risks.

 

You're attempting to enter the most regulated industry outside of drugs, the back doors don't exist.

The company will develop mathematical models of financial markets, no trading, model building and coding only, all staff will be Thai with at least BSc in Math.

"offering investment advice", no thank you, I am highly introverted!

2 hours ago, FritsSikkink said:

What do you want with the company:

1. lease land
2. investment advice
3. mathematical modeling

number 3 only

2 minutes ago, FritsSikkink said:

Not restricted.

You do need 4 Thai employees to get a work permit for yourself and 4 more for every additional foreigner.

yes thanks, Ive made companies before and thats all ok, company setup that is no problem, i have genuine Thai partners. I would not be a shareholder and I will not be a director, and the company will employ Thais with degrees in mathematics and computer science.

My question is rather what is the restrictions of foreign job titles? I would like to refer to myself as "Head of Model Development and Research" and work in such a capacity. So I'm trying to understand if that can be the description on my work permit?

I would like to open a Thai company who's main activity is mathematical modelling.

Is such a setup allowed under Thai law? Is this a restricted occupation for foreigners?

Thanks all for any insight

The Trendy Building, do they have their?

looking for recommendations of bkk based thai to english document translation offices.

Kids Thai birth certificate and wife's Tabien Bahn (blue book) needs translation from Thai to English. Its for the UK gov passports so needs a certified stamped translation, official looking translations.

Anyone know of such a company who do this near some MRT or BTS station? Downtown Bangkok?

Can they do VIP fast track special service and do it in a day?

Thanks guys

2 minutes ago, Mike Lister said:

There's an idea, Nana Farang IFA's, opening hours 7pm to 3 am, office located across from Nana Plaza.

seems like the appropriate path to take, will have a load of "massage" ladies outside to lure in the Nana expat high wealth individuals.

5 minutes ago, Mike Lister said:

See list below:

 

Most Westerners appear to do that by acting as Freelance operatives and trawl the farang hang outs for potential customers, their reputation generally is the lowest of the low. I've seen some of them in action and listened to their advice, many will try to churn policies and recommendations, just for fees. It's not a good picture.  The problem is the degree to which the profession is largely  unregulated here. Others use a Thai CPA or similar to front their activates and pay a referral fee.

 

 

I could not see it on that list?

Can a foreigner living in Thailand work as an investment advisor, more specifically in the sole area of giving advise in regards to investment of personal wealth in terms of an individuals portfolio construction of stocks and bonds?

18 minutes ago, Mike Lister said:

The average income, countrywide is circa 16,000 per month, Thai people can live far more inexpensively than we can. Given my earlier statement about the earnings of self employed people and their rate of taxation, earning 50k a month is easily doable whilst not paying tax. Income of 50k per month puts them in the upper percentile and they will file a return. So conceivably, locals in tourist areas can still earn a decent wage and still escape taxation. The other aspect is that a majority of locals don't live in tourist areas, most are rural poor who are difficult to audit for tax. There are plenty of stories about Revenue inspectors watching trade at market stalls and counting customers and calculating income, it's not as though they do nothing, it's just that it's very difficult.

yes i totally understand that most thais in the vast majority of the country do not earn much.

Its just where I live so many of my wife's friends would easily make 200k or more each month, but the authorities seem totally uninterested in looking into their earnings and related tax implications. Ive been living here for 22 years and I've never heard of a single case of either anyone filing a tax return or anyone being investigated. I mean counting customers at a market stall is one thing, but a Thai with no registered company and with 20 houses they rent for 30k per month each seems an obvious situation for the tax man to come knocking, but they don't. Just next door to where im sitting right now, there resturant easily takes in 40k per night, but definitely have no company and spend nothing on their business apart from 5 migrant workers on 10k a month each, but the tax man never comes. Its everywhere where i live, i just don't understand it. 

47 minutes ago, Mike Lister said:

I don't have a source to hand but you can easily google news articles and similar where these stats are quoted.

 

The average earnings in Thailand are very low but the tax exemptions, allowances and deductions are quite high. It is easily possible to register as self employed and sell a product that you make and turn over 1 million baht per year in sales and generating income of 50K per month but paying tax of only 8k per year. The allowances are very generous, which, when combined with creative accounting, makes the tax return  easily avoidable for most. But the Revenue is getting better at detecting tax evasion, especially now that much of the finance picture is electronic.

where i live because it a high demand tourist area, every Thai would easily earn enough to be required to file a tax return, but no one does. I just find it strange the the authorities don't audit people here, at least where I live.

2 minutes ago, Mike Lister said:

About 11% of the population file a tax return, only about 6% pay Personal Income Tax, about 4% have tax deducted from source, by the employer. The major tax revenue is indirect taxes such as VAT and sales tax, corporate taxes are the biggest contributor. The Thai Revenue is actively seeking to increase the tax net. The workforce is about 38 million out of a population of around 72 million, the size of the grey market (or unofficial) labor market is around 48% of the total labor force.

very interesting, how do you know these 11% number? is there a source?

So I guess they just don't enforce filing tax returns? I mean it would be quite simple to audit someone like they would do in the UK or US, but they don't want the confrontation I guess....

15 hours ago, Cardano said:

As a foreign company operating in Thailand has to have a minimum of 51% Thai ownership not only can it lease land it can also buy land. 

What if it’s not operating. It’s just a foreign company, which wants to lease land, not buy, the same as a foreign person can lease land.

I know a foreign person can lease land for 30 years.

Can a foreign company (incorporated in Singapore) lease land for 30 years?

Non-O spoiuse visa, applying for 1 year extension, after they check the paperwork and if everythings in order and so they give the 30 day "under consideration" stamp, do they keep my passport?

I want to fly to Bangkok for a few days, so would like to have my passport with me.

16 minutes ago, HauptmannUK said:

You can't really 'send a live back to the consumer unit'.  Whatever wire is connected to the Neutral busbar is Neutral and whichever wires are connected to Live breakers will be live. What colour they are and where they go to at the outlet is another matter.

In Thailand the outlet N is supposed to be clockwise from the Earth pin (looking into a wall mounted socket). This is US-style and OPPOSITE to UK-style, where its L that is clockwise from E. 

Anyway, Thai electricians often play fast-and-loose with L and N.

Obviously there is a danger in swapping them over because most appliances will have a single pole switch on the incoming Live.  If L and N are swapped over then the appliance internals will still be live even when the appliance is switched off because you are switching the N and not L!

Ideally have all your blue conductors connected to N busbar in the consumer unit and connected to the pin clockwise from E at your outlets. All brown conductors running from breakers to the pins anticlockwise from E at the outlets.

Thank you! Some useful explanations and advice.

2 minutes ago, worgeordie said:

The L and N are reversed here than say the UK , other countries I don't know .

and the problem here the colour of wires does not seem to be standardized ,

seen a multitude of colours used here.....but in your case brown should be L

and blue N 

 

regards worgeordie 

Yes thank you

but what happens if you reverse them and so sending a live wire back to the consumer unit, which was previously a neutral wire?

Trying to understand.

A so called “electrician” (who knows what real training he had) came in and changed some of my sockets to Panosonic brand as the old universal ones where totally jammed and wouldn’t allow any plug to be plugs in.

I tested them yesterday and my tester plug said the live and neutral had been put the wrong way in. As well as some of the earths not even being connected to the sockets.

So I’ve decided to changed the remaining universal sockets to Panosonic branded ones. 

Why’s it like this?

Two browns going into first socket are Live, two blues are neutral.

Then one live brown and one blue neutral goes to second socket.

My socket tester shows the live and neutral have been incorrectly installed into the second socket, theve been switched. As shown in photo, live brown is going into neutral side of socket and blue neutral is going into live side of socket.

But socket still works, if I didn’t have a tester I would not have known apart from when opening it up to look.

Coming out of that socket the brown is now neutral and the blue is now live… these just go up to a light above and nowhere else, and that light is not in use. So no harm done.

But my question is:

What would happen if these two reversed cables went somewhere? Like if the blue was going back to the consumer unit but was now actually a live cable and not a neutral cable?

3 hours ago, bluejets said:

The outlet is not controlled via any switch, so in theory, doesn't make any difference.

The "tester" is a two bob trinket, while showing active is present in the neutral pin, it does not give any affirmative indication on earth.

One illustrated example shows one thing for open ground while another shows it as different indication.

I'd be more concerned about the voltage levels shown.

Voltage levels are because house is last and in a long line on some crappy cable from mains on road and voltage drops a little house by house and ours is the last house…. So I’ve been told?

my wife’s going to PEA to get it sorted.

5 minutes ago, Crossy said:

 

Yeah, that would be fine.

 

No need to use an RCBO as main (you would need to re-wire the incoming then anyway).

 

If you are going to pull the tails at the meter you might as well just replace the C63, they are not terribly expensive.

Ok thank you, I will do that, replace the main C63 breaker.

1 minute ago, Crossy said:

Sounds like an excellent sparks

 

If what you said earlier (3 options of what happens) is actually the case then the main breaker could be faulty.

 

With the power off you can unplug the main breaker (pull it at the top), on the back are a couple of clip connectors, carefully squeeze these a bit tighter and re-plug. 

 

PLEASE take great care, that incoming terminal is still live!!

 

 

hmm… with incoming terminal still live I thing I’d prefer not to do this. 
 

if I get it disconnected outside at PEA meter then do what you suggest, it’s the same right?

4 minutes ago, lom said:

It is obviously not an installation made by a Thai "electrician",  they wouldn't use Schneider breakers and they wouldn't use blue wire for neutral and brown wire for live which is a European standard. The connection between ground busbar and neutral busbar is done with a jumper wire in Europe, not with the main circuit breaker.

 

I agree that the main circuit breaker is faulty and has to be replaced.

I should buy a new C63 breaker? Should I buy RCBO or just sane as currently have?

11 minutes ago, Crossy said:

Hmm, any "fizzing" noises from the main breaker?

 

If you push on the main breaker does everything spring to life? (care there are bitey terminals exposed)

 

With the main off check all the terminals for tightness (careful the incoming live is still on).

 

Your place or a rental??

 

EDIT I wonder if your sparks disturbed something, I'd get him back to have a look.

 

Not a rental, wife owns it, but we have tenants moving in soon.

6 minutes ago, Crossy said:

Hmm, any "fizzing" noises from the main breaker?

 

If you push on the main breaker does everything spring to life? (care there are bitey terminals exposed)

 

With the main off check all the terminals for tightness (careful the incoming live is still on).

 

Your place or a rental??

 

EDIT I wonder if your sparks disturbed something, I'd get him back to have a look.

 

doesnt fizz when turn on main breaker.

everything springs to life when turn on main breaker.

my electrian wired in new sockets yesterday not connecting the earths properly, see photos, which I’m now correcting. Would this cause it?