SCOTT FITZGERSLD

3 hours ago, Neeranam said:

I, and most others, expect the BTC price(now $49k) to rise to $110-200k by the end of the year, then drop to $40k for another couple of years

the bitcoin can easily fall to 10K and even zero. it is highly speculative and very volatile.

a house, on the other hand, will not change it's price so swiftly.

so your question is acctually a question of  asset  allocation.

you need to decide how many precentage of your net worth you want to keep

in risky assets, and what part in a safe asset.

for example, if you decide to keep 40% in risky asset (bitcoin) and 60% in safe asset (real estate) , than you need to adjust

each year your assets allocation .

2 hours ago, KhaoYai said:

refreshes to a new search.

i think it is secret flight available only for the ones allready in thailand ,from travel agents.

I HEARD there is a daily flight from phuket to pattaya

16 hours ago, BritTim said:

it is prudent to keep current year income in separate accounts from savings

i m not sure what prudent means, but to keep safe i do not transfer any money to thailand.

i bring cash and ATM cards...that will not even raise the question weather i earned the money

this year...

the good thing in this arrangement is that overseas banks are not required to report the

account to thailand (just like thailand is not reporting accounts to other governments). this

might change when the pandemic is over...

4 hours ago, LivinLOS said:

there is no blanket rejection of any bank connected to those networks without process.

THERE are many rejections these days, it started to get harder around 3 years ago. i do not

do many  or large transfers, but allready had two transfers rejected, because i did not mention the right reason for transfer.

4 hours ago, LivinLOS said:

Sure some banks may ask for paperwork, clarity on what it is (needs to ensure it not guns drugs prostitution or terror)

problem is that each bank and each counntry, and sometimes just some bankers;  are making

their own rules, and might ask you for tax papers, bank records, and many other crazy stuff.

try to transfer 100,000 USD to an account in panama; for example, and see what happans. they

want to see your bank records and tax returns 10 years back....and if anything suspicious, they

deny the transfer.

4 hours ago, LivinLOS said:

Trusts are superb tax management and succession planning tools, if your a decent earner in the west who is self employed

well, ifyou are atax resident in the west, than you will pay the western tax on what you earn

all over the world, and it will be a crime to hide your earnings in trusts.

but you are propably a tax resident in thailand , and that is why all is so easy for you,

because thailand has a teritorial tax system, which means thailand will tax you only for what you earn in thailand. this makes thailand some kind of a tax heaven.

46 minutes ago, LivinLOS said:

Once it is into one of those, paying it out to a personal account is not any kind of issue. Outbound transfers from those banks into SEPA / SWIFT etc is something the receiving bank must accept.

well,if it was not an issue i would not write here at all. from my experience. small amounts payments of up to 10K USD are not an issue. but above 50K it gets complicated and banks - in my country at least- demand papers, or deny the payment with no explanations.

most of those carribean banks are not accepted at all by some banks.

on the other hand, huge amounts of miliions of dollars are accepted easier, because

they come from regulated companies.

a friend of mine paid 5000 USD to his thai account from U.S. broker. he had to go

threw a long AML investagation...

52 minutes ago, LivinLOS said:

All of that is largely irrelevant for someone who is Thai based and looking to distance themselves from controlled funds,

i am not trying to distance myself from my funds, but to learn how to prevent potential problems, because, to be  honest, i do not even know all the everchanging aws and regulations ..

54 minutes ago, LivinLOS said:

Why do you think top CEOs like Elon or Larry Ellison take 1 dollar per annum salaries ??

last time i spoke to a lawyer i paid 250 USD for a 60 minutes useless talk. so when i will have

the kinds of money elon and larry have, i guess i can afford more lawyer hours.

i want to sell a second hand ASUS computer.

where can it be done in phuket?

4 hours ago, LivinLOS said:

Most of them are 'island' banks like Vanuatu or puerto rico etc.

many banks in the developed world will not accept payments from those island banks, or will

see them as suspicious

4 hours ago, LivinLOS said:

I used to have a swiss bank who would do it, but in the last year they no longer offer new accounts

indeed, so this is another example of haw hard it becomes to move money, even if earned legally, just

because many banks do not even want to budder

4 hours ago, LivinLOS said:

Your guessing at things you apparently have no experience of.. 

indeed i am no expert on that mattar and i am trying to learn even if i deal with

small amounts, that is because i got problems even when i tried to pay a small amount, something

like 700 USD, to a friend in another country, and the bank gave him hard time. so this forum

is a good place to share and advice

23 minutes ago, LivinLOS said:

The legality of such a thing is highly questionable.. The reality is that Thailand would not have the ability to determine that facts that show it is questionable. 

well, these days all banks want to know where are you resident, and than will realese

/ receive your payments based on where YOU are resident, so if one day you want to

get your money from the hong kong company, you better havea nice letter from

thai accountant explaining what how

20 minutes ago, LivinLOS said:

Yes they have shifted the outsource and relocation models rather than the self employed solopreneur market

IS this english?

2 hours ago, LivinLOS said:

I know multiple freelancers who use these systems.. They are all happy with the solution.. 2 are on iglu (who dont take new people I believe) and 1 with another, likely shelter but not sure. These are the kind of young single expats and they trade cost against zero visa or dodgy legal issues. 

All are real working online entrepreneurs, all are happy with the process, and one is hoping to go for citizenship (working on her Thai) via the process. I meet 100s of 'nomads' around chiang mai and 95% of them are just gap year travellers who talk nonsense about trying to make SEO marketing dropshipping crypto etc because it sounds cooler than simply being a backpacker for a while. It gives a sense of community and hustle / success they aspire to I guess. Each of the 3 I know who are doing this are nothing like that category, they have in demand skills, they work a decent level of hours from home (not a cafe or 'space') and have a client base. My gut assessment, as someone who engages 100s of contractors per year, I would call these folks valuable employees / contractors in any market. They seem like reliable sensible hard working types. 

For flakes, it doesn't make sense.. For someone with a middling income stream, it can make sense, then for a good earner (multi 100k usd per annum) it again doesn't make sense, due to the % way it charges, but would be trivial to route it through a Hong Kong shell company which then pays the Thai umbrella co 2 - 3k usd a month so I can see a very easy solution. 

but will it be legal to get payments / income to the hong kong company when my

work permit / work is done from thailand?

12 hours ago, BritTim said:

You need permission from the sponsoring company to engage in activities not covered by your work contract with them, and would need the work permit amended. There would not be a problem if working as a digital nomad (no connection with Thailand) but you would be taking a risk if working with other Thai companies or with Thai clients.

 

There have, in the past, been organisations targeted at digital nomads. They were expensive, and of dubious value. In my opinion, the kind of sponsored work permit you cite is likely to be similarly questionable (though perfectly legal).

so is the whole scheme legal at all? say i open shop in EBAY with this sponsored work

permit - will it be legal ? the profits and all? will i have to pay taxes from thailand?

According to local media here in Thailand, there has been a mistake in the article

and the title should read:

"2% are out FOR work in thailand", and not : "2% out of work in Thailand".

maybe the other umemployed thai left to the u.k. to look for jobs:

unfortunately this is how a collapsed - or better say collapsing - health system looks like.

people just can't get the treatments they need, and not just for covid.

i can understand the will of the prime minister to prevent panick and fear.

on the other hand there is the people right to know so they can adjust.

let's hope things will get better from here.

I saw here an ad for a SPONSORED WORK PERMIT. seems like it is kind of a solution for getting

work permit without having to start your own corporation.

The way it works is that the sponsored declare a salary to the sponsor - thai company - and than pays

the social security  and income tax associated with the salary, plus a fee for the sponsorship.

Does anyone has an experience with this? Does it mean that with this work permit i can

work also in other fields / projects, which are not connected to the sponsoring company?

1 hour ago, topt said:

if they have reasonable concerns it is from crime proceeds.....

the very possesion is becoming a concern for crime these days,in the UK and

other western countries.

their thinking is : "good guys carry cards, bad guys carry cash".

4 minutes ago, A1Str8 said:

As for the products not being labeled, at most they can receive a fine. 

very strange that they "caught" them

I have a tip for the thai police: in silom road near patpong, and in sukhumvit rd. ,soi 4 to soi 14, they could find every night few

street stalls full of those sex toys,all kinds of colorfull vibrators and anal plugs,  including fake viagra and other wierd pills.

nobody knew about it for years, besides the thousands of tourists who walked there every night.

how come the police never knew about it (wink wink)?

On 8/17/2021 at 5:19 AM, webfact said:

They were charged with importing and handling illegal goods, distributing them for trade purposes and having items without the requisite customs labels

THEY propably did not have work permits either. in that case, what will happan

to their assets, their money in the bank (assuming that some money will be left

after paying all the fines and bribes? will they allow to keep their money

even if deported ?

On 3/1/2019 at 4:05 PM, CharlieH said:

 

 

tel: 020180000

china?

On 12/27/2018 at 9:56 AM, janclaes47 said:

lso the emails that they need my feedback, i can't be bothered about, because if you have negative feedback it will not be published anyway

SAME like in aliexpress- they publish only positive reviews and negative reviews might

put you in a risk of black listing

i wanted to buy a smartphone on lazada, some prices were incredibly low

so i checked the reviews and was shocked to discover that many people

cpmplain about fake phones !!

now this is criminal !!

selling IPHONE 12 fake as real is A CRIME !!

IN the west those sellers would go to jail and have criminal record !!