SCOTT FITZGERSLD

SINGAPOREANS are known to be the idiots of the region, but so stupid ??

what did she think to herself?

that the airport police will stop all flights and order

a search on each and every living being who was around her aircraft?

GREAT NEWS, BUT...is it worth the investment?

3 cases of pitty crimes, and small criminals, were discovered thanks to a system

that cost billions of dollars, and countless hours of man work.

even if it's multiplied by 100, say 300 cases of "thieves by dark times",

will it cover the cost ?

On 7/28/2019 at 3:59 PM, ChipButty said:

I would think you would have to be moving a lot of stuff to make it profitable when you take into account the cost of changing your visa, work permit, Thai staff, insurance for the staff, 

TRUE. it is acctualy expensive for a foreigner to obtain a work permit

as self employed. just opening the company is around 2000 USD,

excluding annual maintanance, and than the need to employ 3 thai workers,

or paying for someone to show it (some law offices do it).

that is why i was wondering if there are any different regulations

in case of web based business, which does not require workers

but can pay handsomely in taxes.

On 7/25/2019 at 7:40 PM, dcnx said:

They don’t.

 

The banks don’t give anything to immigration. Yet. 

THE banks do tell immigration.

i was wasked few times by banks here if i have work permit.

acctually, many banks will not even open an account without work permit.

and ALL banks will not give credit card without work permit.

it is not systematic, but if immigration ask the bank, here in thailand,

sure they will give all info.

10 hours ago, sunnyboy2018 said:

Link payments to your Non Thai bank

i acctually plan to become a thai tax resident, becuase the tax

laws in thailand are less cruel than in many other countries.

but the main issue is the WP

11 minutes ago, TheThai said:

If you have the money from sales direct deposited into a U.S. bank, file taxes in the U.S.,  You can still claim residency in the U.S. while living in Thailand.  They have agencies in states with no state taxes, such as Nevada, Florida, and Texas which provide an address to claim residency and will forward your mail to you, just to assist with avoiding state taxes.  You use their address for your bank account.  There is nothing to tie you to Thailand.

 

interesting, but i am not a U.S. person, and anyway the problem is not taxes

but work permit.

my main question is if i can do some online sales white in thailand without WORK PERMIT,

will it be considered illegal by IO?

I know i can do it off the radar, but i wonder what the law says, because some

web sites, even in thailand, offer sales on line for foreigners even as individuals (not

corporations).

https://pages.lazada.co.th/wow/i/th/sell-on-lazada/sell?spm=a2o4m.home.header.d2.6a30719cODXoeI&hybrid=1

11 hours ago, NightSky said:

WP

 

All work requires a work permit however some people don't get one and keep it under the radar if they only have passive international income streams as they believe that it might not be classed as work if found out and they are not taking jobs or business away from locals.

 

Taxes

 

If you sell on Amazon in the United States then legally you should pay sales taxes on those sales in the USA since your inventory has a physical nexus in the US. Its complex but visit a site like taxjar.

 

 

As for corporate taxes or personal taxes on profits, these taxes are due where either your company or you are personally resident ????

 

To get around that pay yourself to an offshore bank and save the money there for 12 months before repatriating it into Thailand. However legally you should pay taxes somewhere and actually an offshore account isnt as easy to secure these days due to FACTA and CRS.

 

In my opinion Its best to bite the bullet and pay some tax somewhere and sleep well at night ????

 

I DON'T try to evade paying taxes.

taxes are not the problem.

the problem in thailand is the work permit.

it is hard to obtain (if you don't want to open a corporation and hire

3 thai workers - or just pay them salary...just to get work permit...??!),

so i was wondering if there is any way around the work permit,

if i sell stuff online, even in thailand, on a retirement visa extention.

for example, LAZADA.CO.TH invite selelrs in english and gives

the options to sell as individual or a corporation.

so i was wondering, maybe they know something which i don't know,

maybe there are new rules around selling online, and WP is not required

to some semi-passive sales...

https://pages.lazada.co.th/wow/i/th/sell-on-lazada/sell?spm=a2o4m.home.header.d2.6a30719cODXoeI&hybrid=1

THAI EMPLOYERS ARE notorious for paying very little to emplyees

and abusing their rights as much as they can (like for example, not paying

for over hours, not paying the full minimum wage, and sometimes not paying at

all when firing a worker).

fact is that cost of living in thailand has doubled and tripled in the past years,

but minimum salary has risen only much lower than that

many restaurants and shops are charging rich countries prices, like 5 USD ice coffees

in starbuckss, but paying their hard working stuff third world minimum wages,

this is turn hurt motivation and performance of thai workers, and of course, reduce

their spending power, which leaves the whole thai economy in bad shape.

16 minutes ago, Confuscious said:

I have an USD account with Bangkok bank.
12 years already.
Opened at the Bangkok branch in Silom Rd.

A few month's ago I wanted to open a second FCD account, but in EUR.
I went to the local Bangkok Bank branch in Korat.
They told me that the only documents required were my passport and a proof of residence.
After getting a proof of residence, I returned to the bank to open my FCD account.

But I was rejected as my passport has written in the "Signature" space :
"Free of signature".
I had 25 years ago a stroke which left me paralyzed in the use of my right had and I am therefore excempt of signing an documents.
 

this is what i am talking about.

stupid old fashioned bank.

what the heck is their business if i sign my passport or not?

anyway the passport stays with me, and can be changed any day.

this is just sheer stupidity.

the idiot who created this regulation must think that the passort

is attached to our brains somehow, and a signature on it will be

the ultimate proof that the passport is genuine, because...we just signed it, did'nt we??

first, these days, banks in all major financial centres, singapore hongkong, sweatzerland and of course

all the EU / US countries, require their customers to declare in which

country they pay taxes, in case they are not residents of the bank's country.

second, many e-commerce web sites, especially U.S. based, require you to delare

in which country you are a tax resident, and will deduct the taxes on your earnings

according to the tax treaty U.S. has with of that country.

for example, in a web site where i sell stuff, passively, they will deduct only 5% for thai resident,

but will take 30% of earning from residents of countries with no tax treaty with the U.S.

and than there are the work permit laws in thailand, so i just wonder

if there are any changes in those laws in case of "digital" earning.

for example, if i stay in thailand on retirement extention visa, but still have my income

from web sites located outside of thailand, will the immigration consider it a work

that requires work permit ?? or just pay the tax?

ANOTHER AUSSIE loser trying to feel superior by shouting at thai people.

sometimes the ques are long, sometimes they are not.

and usually they are much better than in most UK / US airports i visited.

not to mention the kind and polite attitude of immigration and customs

in thailand.

the real HELL are airports - even airlines - in anglo saxon countries - UK, US, AUSTRALIA

and of course GERMANY.

there is a real nightmare, there i was humiliatedm searched, strip searched, and spent

much longer time in customs and immigration bulls..t...becuase

there they,  the "5 eyes" of the anglo american empire ,

have to show how rule the world...just like this australian bymper.

10 minutes ago, NCC1701A said:

 

how will they know?

the bank will tell them.

that is, if you do deposit substantial amounts in any bank , in or

out of thailand.

6 minutes ago, yogi100 said:

"so why must foreigners?"

 

Because it's not the foreigners' country. It belongs to the Thai people.

 

We're only welcome for short periods of time if we're spending money. Wars have been fought because of hatred for foreigners and their unwanted presence.

why must foreigners? from the same reason that your rich country

does not allow thai citizen to enter without visa - because each country has

it's economic considerations and interests to keep.

allready now thai law says that a tax resident in thailand MUST DECLARE AND PAY tax

on all his income worldwide.

a tax resident in thailand is considered anyone who stay in thailand more than 6 months a year,

on whatever visa/ visa exempt.

but there are tax treaties between countries, and if your home country / the country where

you earned your income, has a treaty with thailand, than you will not be charged twice,

so as pensions allready come from taxed income, Thai tax authorities cant tax them again.

too many farang speak no good and confuse local thai people.

Does any one know if a work permit is needed if i sell on amazon by FBA (fulfilled by amazon)?

(Can be also sales of digital assets like photos, or sales on ebay, facebook, ext.)

it is allmost a passive income, because the goods are sitting in amazon warehouses in

europe / US, and they take care for the order, shipping ext.

Does the thai law reuires opening a company for such an internet business , and get

thai partners, emplyees ext. (for the work permit), or are there any

new regulations, considering the global nature of the digital economy?

3 hours ago, Drax said:

As long as you provide all documentation regarding source of the money

what kind of documents they require for "source of money"?

8 hours ago, Caldera said:

So what's the deal at UOB besides those 50,000 baht? Any supporting documents needed to open an account, or just the passport?

when i asked few days ago at silom branch, they told me just

passport and some proof of address, like renting contract.

1 hour ago, natway09 said:

I have been dealing with Bangkok Bank for many, many years ,,,, Bangkapi branch 

Current, savings (3) term deposits (2) never had anything but great service,,, they even give ma a ring 2 days before my fixed deposits due so I can renew at the higher interest rate.\

Your slagging of the lady she must pick up your body language.

My short fuse I would have suggested another bank anyway

i had another problem with bangkok bank recently.

i wanted to update my phone number but you can't do it by yourself

on the internet.

you have to go to a branch, with three page document (!!) and your passport.

so i did just that few months ago and still they did not change the phone number...

1 hour ago, revup said:

I had immense problems with UOB everytime I needed to use counter services. They are ultra pedantic about perfection of your signature. One time I had to write my signature 15 times! they advised me I had one remaining attempt, then they asked me to leave. This happened in TWO branches so it is a policy thing. Never had any problem at any other bank. After three years of this, I gave up, withdrew all my funds and let the account die.

 

Edited to correct typos

STRANGE. i had same problem with another bank in singapore.

they said my signature has changed and refused to accept any more orders

by phone. i had to fly over to singapore and "update" my signature.

but even than the bank officer, a yound single lady, kept on giving me hard time,

like faxing me blank pages instead of the document i needed, so i had

to fly over again to singapore just to discover she was after me...because

she liked what she saw in the passport photo...than i closed the account

and never came back to singapore.

1 hour ago, Suradit69 said:

I opened a second account at Bangkok Bank a couple of months ago without the need for an embassy letter. They just looked at my passport and the bank book for the older account.

 

Maybe requirements are more onerous for people with delightful personalities.

 

 

"Rude old lady"

 

"the idiots from Bangkok Bank"

 

 

MAYBE you opened a second THB account, but if you open USD or INVESTMENT account with bangkok bank, they want to see the LETTER FROM EMBASSY.

even when buying a new mutual fund they want to see a new LETTER FROM EMBASSY.

the LETTER FROM EMBASSY has nothing to do with one's personality.

it is simply a statement from the embassy that your passport is genuine.

see why i call them idiots ?

they do have a photocopy of my passport, same passport

i opened the account with, and they still want to see

this LETTER FROM EMBASSY again and again.

now isn't that stupid?

and the reason i called that old lady in bangkok bank main branch rude, is because

she forced me to sign my passport.
i tried to explain to her that i don't sign the first page of the passport

for security reasons, my passport has nothing to do with the bank,

but she just said : "NO SIGN - NO OPEN ACCOUNT".

so i signed my passport and now i have a new passport. unsigned.

now isn't that STUPID ???

AND to trust those idiots with my money...

On 8/16/2018 at 1:22 PM, Bluespunk said:

Got a friend who makes a good income on this.

 

Well, says he does. 

 

Quit his job in school to focus on it. 

 

I’ll have to ask him if he knows it’s illegal. 

forex is one thing, and binary options are another thing.

while forex is the largest market in the world, binary options

are a troubled industry that resembles more a cheap casino.

18 hours ago, Fex Bluse said:

Said another way, 

 

Arrivals have dropped because of poor value to tourists

 

Thailand has been a questionable value for quite a long time, but now it is laughable. 

 

The Thais do not know how to offer good value for anything but the very lowest price. 

Thailand still gives the best value in the region. it is not cheap like before but

much better services and quality of life.

I am thinking of opening an account in UOB bank.

I am sick and tired from BANGKOK BANK, especilly that old rude lady

in silom branch.

So i went to UOB and they told me it is quite simple to open an account,

no need for "Letter from embassy" like the idiots from bangkok bank

are asking for any account openning (even if you have an account with

them for ten years and you want to open a new investment account,

they will still ask you for LETTER FROM EMBASSY, how stupid).

Does any one here have experience with UOB? is it good?