
kuzmabruk
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Report Israeli Tourist Busted for Selling Magic Mushrooms on Koh Samui
kuzmabruk replied to snoop1130's topic in Koh Samui News
If you have a work permit you can work in your shop or anyone else’s for that matter. The work permit is the key ingredient. Owning a shop does not allow you to work in it. -
Report Doctors in Hot Water: Police Probe Looms Over Thaksin Case
kuzmabruk replied to webfact's topic in Thailand News
Expecting no punishment, a slap on the wrist and a 6-month suspension (forced holiday) with pay -
Economy Vietnam Tourism Threat Looms: Could It Overtake Thailand?
kuzmabruk replied to webfact's topic in Thailand News
With first class facilities like Pattaya Water Park, Thailand will continue to attract the well heeled foreigners who live on their frozen pensions. Recently we visited Safari World Bangkok. Many cages were empty and I assume the facilities have not been touched/repaired since the place was constructed. What a dump. -
Crime British Tenant Trashes Pattaya Rental, Landlord Seeks Legal Action
kuzmabruk replied to Georgealbert's topic in Pattaya News
in India the deposit has always been 10 months during the more than a decade I was there -
Financial Requirements for Thai Shareholders in a Land Acquisition Company (100 Million Baht Purchase) General Structure and Legal Context Thai law permits a company to own land if the majority of shares (over 50%) are held by Thai nationals. However, the use of nominee Thai shareholders to facilitate land acquisition by foreigners is strictly prohibited. Authorities closely scrutinize the financial backgrounds of Thai shareholders to ensure they are genuine investors and not acting as proxies for foreigners14. Financial Requirements for Thai Shareholders When a company (including one purchasing land worth 100 million baht) is set up to acquire land, the Thai shareholders must demonstrate their financial capability to invest in the company. Specifically: Proof of Income and Salary: Thai shareholders must submit proof of their income and monthly salary. This is to verify that they have the financial means to purchase their shares and are not acting as nominees1. Source of Funds: Authorities investigate the origin of the funds used by Thai shareholders to acquire their shares. If the funds appear to originate from the foreign party (for example, through loans or gifts), the application may be rejected14. Professional and Financial Background: The profession and income of Thai shareholders are taken into account. For example, a shareholder cannot be a low-income individual such as a cleaner from the law firm setting up the company14. No Nominee Arrangements: Any arrangement where Thai shareholders are not genuine investors or do not have the financial capacity to hold their shares will result in the rejection of the land purchase application14. Summary Table: Key Financial Requirements Requirement Details Proof of Income/Salary Must be provided by each Thai shareholder Source of Funds Must be verifiable and not traceable back to the foreign party Professional Background Must be credible and consistent with the shareholder’s financial capacity No Nominee Shareholders Strictly prohibited; Thai shareholders must be genuine investors Additional Notes If the company is BOI-promoted and meets specific criteria (such as a minimum paid-up capital of 50 million baht), different rules may apply, but these are not relevant to the standard land acquisition company structure described above235. The authorities’ scrutiny has intensified, and any suspicion of nominee arrangements can result in rejection of the land purchase application14. In summary, Thai shareholders in a land acquisition company must provide clear evidence of their financial capacity to invest, and their funds must not originate from or be controlled by foreigners. The use of nominee shareholders is illegal and will result in the rejection of the land purchase. Citations: https://www.samuiforsale.com/knowledge/land-holding-company-structure.html https://franklegaltax.com/boi-revises-regulations-for-land-ownership/ https://belaws.com/thailand/land-ownership-rights/ https://www.lorenz-partners.com/owners-property-tha/ https://belaws.com/thailand/real-estate-law-in-thailand/ https://benoit-partners.com/real-estate-investment-thailand/ https://www.boi.go.th/index.php?page=setting_up_a_business https://www.siam-legal.com/thailand-law/steps-for-company-registration-in-thailand-2/ https://www.dsi.go.th/Upload/392a03a714cbda9d4972a5fda6cc1b51.pdf http://www.thailandlawonline.com/66-real-estate-legal-issues/14-can-a-thai-company-be-my-nominee-for-land-acquisition https://startupinthailand.com/buying-property-in-thailand-through-a-thai-business/ https://www.sunbeltasia.com/setting-up-a-100-percent-foreign-owned-company-in-thailand-what-are-the-options/ Answer from Perplexity: pplx.ai/share
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Tourism Thailand Vows to End Dual Pricing Amid Growing Tourist Backlash
kuzmabruk replied to webfact's topic in Thailand News
Out of 40 million tourists. Who cares. Fix infrastructure. That will make locals and foreigners happy -
Report Thailand’s Emergency Alert System Goes Live in Major Test
kuzmabruk replied to webfact's topic in Thailand News
At home your phone is connected to both networks with wifi being preferred but not only. as to this technical wonder of cellular broadcasting. Cell Broadcast messaging was first demonstrated in Paris in 1997. now to be demonstrated in Thailand 28 years later technical geniuses at work here -
Crime Taxi Driver Blocks Ambulance, Leading to Patient’s Death in Patong
kuzmabruk replied to Georgealbert's topic in Phuket News
Problem is many vehicles with sirens drive around with the siren on and this makes people disrespect sirens. It’s difficult to stop this, but making the offense of blocking an emergency vehicle with its siren on incur a severe penalty is not difficult. But this is Thailand and so the penalty will probably not be 50,000 baht as it should be. -
Report Disgust and Outrage as Tourist Urinates on Moving Tuk-Tuk in Patong
kuzmabruk replied to webfact's topic in Phuket News
I have seen a few instances and read many articles about how the Hong Kong Chinese are disgusted by mainland Chinese who piss in the street, male and female. -
Travel Thailand's Chinese Tourism Faces Crisis as Arrivals Plummet
kuzmabruk replied to snoop1130's topic in Thailand News
What do they expect. They treat people like trash and on top of that they do not clean or maintain the infrastructure and environment. TIT now stands for Thailand is Trash. -
Report City Hall Under Fire for Inadequate Earthquake Compensation
kuzmabruk replied to snoop1130's topic in Bangkok News
Insurance claim. No insurance, no claim. -
Opinion Russian Teacher to Thais: Drop ‘Farang’ if 'Ni Hao' Offends
kuzmabruk replied to webfact's topic in Thailand News
Get a nickname and you will have no problem. I got one in 1997 and have never been called farang by anyone I know. -
Thai-Scottish Ranger Resigns After Incident with Racist Tourists
kuzmabruk replied to snoop1130's topic in Krabi News
My wife told me the story. Thai news had lots of people talking about this. “Farangs being very bad to say a Chinese saying to a Thai person. The farangs should go to jail. “. Do not treat Thais with disrespect. Wife was translating her Thai news reporter for me. Very thin skin, if any, on most Thais. -
Thailand's AI Robocop Debuts at Songkran Water Festival
kuzmabruk replied to snoop1130's topic in Thailand News
It’s a PC with a camera connected to it. The robot head is from Alibaba and the whole thing probably cost 25,000 baht. It is also connected to the internet.