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ThomasThBKK
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They also don't have the requirement that it has to be with a local bank, only states english language bank statement in original (i guess they accept finnish too).
Def better than what the english embassy wants, just checked the german embassy in berlin and vienna embassy - no new mention of the business visa there. -
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42 minutes ago, 4MyEgo said:I haven't seen or read Thailand's tax laws, however as my income is derived from Australian, I cannot see how Thailand would be entitled to me paying any tax when I don't pay any tax in Australia, i.e. the tax is taken out by the company paying the share dividend to me with the tax going to the Australian Government, I only collect the tax free return, so there is the loophole in that, if it is one.
As mention in the above post, I have had enough professional advice and have done my own research on this before I left and set myself up to move here, that said, it works well for me and until my accountant or the Australian Government advises me to pay tax to the Thai Government, then I will continue on my merry way earning my tax free income ????
As said, if u live here over 180 days u are thai tax resident. Tax residency does not mean you need to pay taxes here. If you have no taxable income you don't pay taxes.
4 hours ago, tomazbodner said:Not as simple. That means you have to pay taxes in Thailand but doesn't mean you don't have to pay them in your home country, although there is likely an agreement in place to avoid double taxation.
Irrelevant for the banks purpose in terms of KYC/AML, they want to know where your main tax residency is and where to report your tax stuff too (which they usually don't do as they don't give af about thailand).
4 hours ago, YorkshireTyke said:Thomas
Two websites I looked at state I need my passport and house reg book, no problem there, but the third requirement is a court order appointing estate administrator. Did you have to provide that and what is it ?
L.P. 10.1 (individual)Photocopy of :
- alien certificate/ passport/ PIN card/ government officer identification card.
- House registration book of taxpayer/estate administrator
- Court order appointing estate administrator
No, just tell them you have income from investments and need a tax id for the brokerage.
This doesn't mean u need to pay taxes here or have to make a tax report each year, it only means you have a thai tax id. Everyone should have one.
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39 minutes ago, YorkshireTyke said:If that's the case what is my Tax Identification Number ?
You have to get one, they are easy to get at the tax office.
Just follow this guide: https://www.globalfromasia.com/thailand-tax-id/
If you live here over 180 days per year you are thai tax resident. Simple as that.
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13 minutes ago, Prince77 said:
It is not about "a loss" in a specific business year but about the equity of assets and liabilities. If liabilities are higher than the assets you might get 7 days to leave the country and not get any extension of stay.
However, I am not sure whether this is "by law" or in the discretion of the Immigration officer.
This does not make any sense, any business with debt has these things...
Build a hotel for example, u prolly will get a bank loan to do that - and now u have more liabilities than assets.
That's totally normal, and not an issue. Certainly not by law - must be a scam.
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This would kill many startups, it's totally normal for companies not to be immediately profitable and i can't see how that has anything to do with the work permits.
Even in this fantasy land that should hold true...
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Literally don't care if they open up at this point, we are travelling a lot domestic and the hotels are cheaper than ever....
We want to buy some more land so the less damage is caused to the economy the better for us... I'll just take advantage of their mess.
Would be good to be able to leave and come back tho if Thailand starts to bore me.
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So absolutely <deleted> stupid, who puts baht in cash on a bank account, only idiots see their money being wasted by inflation, <deleted> do they not accept stock portfolios etc, oh yeah because thailand.
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7 minutes ago, hasitha77 said:
Can anyone explain me the requirement of Tax ID for opening any international broker account in Thailand?
I am a WP holder in Thailand and as far as my knowledge, WP holders can't directly involve in any other kind of business other than job mentioned in the work permit. Am I correct?
No, u can work every job you want, even if immigration often claims otherwise, and if you work you should also have a tax id.
Tax id has nothing to do with your job, you pay taxes on a plethora of things like investments, rental income etc besides income taxes.
Quotemost beneficial trading international stocks
Obviously US stocks would be what i would buy, def nothing thai related. I wouldn't trade tho, only buy ETFs like QQQ (Nasdaq 100) or VOOG (Vanguard growth SP500 fund)...
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Private jets but too damn cheap to buy an elite visa hahahaha
QuoteThe Chinese billionaires who are the first to enter the group are expected to be businessmen and travel coordinators and apply for the special visa directly through the Ministry of Foreign Affairs.
Oh so working without work permit? Gotcha
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1 hour ago, Promula said:
Wrong. Of course there are "concerns" from interested parties, but not the majority of the population. Furthermore, more Brits travel abroad and spend their money than foreigners arrive in the UK to spend their money, so international tourism in net terms is actually damaging to the UK economy.
I too wish to lock up all brits, maybe we can team up on that. Make the UK north korea again!
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9 minutes ago, Surelynot said:
I think the biggest single mistake was allowing (or not preventing) other nationalities to take over the tourist hotspots. The local economies should belong to Thais and Thais alone.......not Russians, Brits, Chinese...etc
Who the <deleted> wants to dive with a thai dive instructor? Are you insane ???? ?
Bunch of german tourists that barely speak english need a german dive instructor, russians, italians, spanish, koreans, japaenese etc chinese tour groups need chinese translators not thais that don't speak chinese.
You native english speakers always forget there's a majority of people out there that do NOT speak english and need fluent native speakers of whatever language they speak - thais that speak english are not of much help to most tourists.
This whole thai business only for thais is exactly the reason why thailand is thailand and not Singapore or the US. As if these pathetic protectionism actions ever helped an economy...- 2
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10 minutes ago, Promula said:Yep. It's only a small minority of Thais that have made themselves economically dependant on foreign tourist arrivals. I think the vast majority would prefer them kept out for the foreseeable future, and perhaps the entire future.
Tourism, Hotels, Property owners that rent, Property developers, construction industry, architects, finance industry, car rentals, restaurants, coffee shops, 7 elevens, Family marts, shopping malls.... the list goes on forever on who profits from foreigners.
What a load of <deleted>.
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1 hour ago, DrTuner said:
Investment category for PR has existed for a long time. But it's blocked by the demand for three years of tax receipts.
It's not the tax receipts who are the issue, BUT they also want a valid work permit for that time.
it's possible to not work here and still pay enough taxes on investments or money brought into, but then u are still blocked by no WP.
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2 minutes ago, Surelynot said:
So there will be a rush from????
1. The unemployed...no money
2. The retired...not much money
3. Those wealthy enough not to have to work......no chance.
The retired have visas already, but aren't allowed to come back, same as mixed thai couples, elite visa users....
There's actually people who are willing to go through the ASQ rubbish as they are living here but aren't allowed to spend their money on it ....
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6 minutes ago, Ludo55 said:Why, you've already had a free 6 months. That new Visa has to be applied for outside of Thailand. Go home and apply the same as everyone else!!
What the heck do you want from him?
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1200 tourists a month, but retirees etc are still not allowed to come back? ....
Elite visa has a lousy quota of like 250 a month or so...
Absurdity.
1200 tourists a month won't make a difference anyway...
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34 minutes ago, Poet said:
The ability to open a company in Europe has absolutely no relevance to EU protectionism.
If an Australian or New Zealand winery were to open an office in Berlin, it would not allow them to sell wine to Europeans without having to add the massive tariffs designed to protect the less efficient French winerys.
Rubbish like everything from you.
Try to import wine into asian <deleted>holes like china and thailand.
EU import duty on WINE and alcohol in general is more than fair, that's why it's literally the cheapest place to buy alcohol.
QuoteGermany discourages alcohol consumption through taxation of consumption. Nevertheless, Germany does not discourage wine consumption very strongly. Consumption of still wine is even exempt from excise duties. However, sparkling wine-based drinks with an alcohol percentage below 6% are subject to an excise duty of €51/hl and sparkling wines with an alcohol percentage above 6% are subject to an excise duty of €136/hl. Sparkling wine is considered to be a luxury good and is therefore taxed more.
There's no import duty on still wine at all enforced by the EU.
God you are literally writing only fake made up stuff, must be living in your brexit fantasy land...
QuoteWine
(still and sparkling)Hectolitre of product
EUR 0
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15 minutes ago, Poet said:
He is saying that the EU is hypocritical because they urge others to open their markets but are, themselves, highly protectionist. Anyone who has the misfortunate to have to buy things in the EU is already well aware of this.
His "narrative" does not mention the US at all. That the US might be also protectionist in no way invalidates his observation about the EU.
That's absolute rubbish. Everyone can open a company in europe or the USA and participate, unlike in ASIA.
What stops a thai or chinese company to operate in europe? Yeah right, absolutely nothing.
On the other hand this is what happens if a EU/US company tries to do it in China: https://www.scmp.com/tech/big-tech/article/3088817/uk-chip-firm-arm-wrestles-control-chinese-joint-venture-amid-public
And that happens ALL THE TIME.
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6 hours ago, JonnyF said:
The EU encouraging others to open up markets? That's rich coming the protectionist racket that is the EU. Their reison d'être IS the single market.????
Also interesting that they can do a billion Euros a day trade with China without a trade deal. Yet they expect the UK to hand over sovereignty and fishing waters for a substandard FTA to buy their goods.
Also accusing China of breaking global trade rules when their own states cannot even follow EU treaties and the EU themselves break their own rules on state aid when it comes to bailing out failing Italian banks and Airbus.????
The EU, the hub of hypocrisy.
https://trade.ec.europa.eu/doclib/docs/2010/september/tradoc_146484.pdf
So does the US with Boing... but that doesn't matter, because it doesn't fit your narratives.
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7 minutes ago, Poet said:
Something that absolutely no one here has said.
How about, instead of trying to distract from it, we think about why you made a post containing several claims that are not only untrue, but the exact opposite of reality.
Are you suggesting that the EU actually took some sort of action against China in the wake of Tiananmen? Because that's the implication right? I'm some sort of Trump supporter saying nasty things about Obama?
Which would be great, right, because suddenly it wouldn't matter that I'm pointing out how wildly wrong your claims are because I would now be a RAAAAACIST!!!! A big, evil, possibly orange-skinned racist!
*Sigh* When did it become acceptable for people to abandon all intellectual integrity when discussing politics?
Quote- United States
- The United States Congress and media criticized the military action. President George H. W. Bush suspended military sales and visits to that country. Large scale protests against the Chinese government took place around the country.[38] George Washington University revealed that, through high-level secret channels on 30 June 1989, the US government conveyed to the government of the People's Republic of China that the events around the Tiananmen Square protests were an "internal affair
So the US did <deleted> all and said it's an internal affair.
Quote- Europe
- The European Economic Community condemned the government response and cancelled all high level contacts and loans. They planned a resolution at the UNHCR criticising China's human rights record.[32][33] The EU maintains an arms embargo against China to this day.
EU cancelled all loans and contacts.
src: https://en.wikipedia.org/wiki/Reactions_to_the_1989_Tiananmen_Square_protests
Like rammstein said, the american propaganda is really working great
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43 minutes ago, kwonitoy said:
From OZ to Canada cost me over 200 dollars for a registered/secure document package sent from the post office.
YMMV
Just sent one via DHL Express document guarenteed 2 day delivery from Germany to Thailand, was 60 euro.
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37 minutes ago, vandeventer said:
Maybe more people would be on the Elite visa if it included free health insurance for all?
There are fb groups about people desperately buying elite visas to come back.
The biggest complain people have there is that 1) the government gave only few ASQ slots to elite owners and 2) Thai elite doesn't bother replying to goddamn emails
No surprise, after all its run by the government...
There IS demand, lots of demand but they are struggling to meat the requirments of what people want, as always...
Instead of selling them something useful they throw stones in potential customers ways...
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Why would they even do a DHL package?!
Thailand post is basically EMS, they don't work with DHL usually?
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2 minutes ago, uli65 said:many nonsense postings about hospital bills, the problem about this are not the bad dirty tourists or expats,
this is about the millions of migrant workers from Myanmar, Laos and Cambodia who never payed their bills.
Who are all insured under the 30 baht sheme, if they never paid their bills then because their THAI employes didn't pay their insurance?
Pretty much all Thai problems are Thai made.
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SURVEY: Digital Nomads--Good for Thailand or not?
in Thailand News
Posted
Guess who created companies like Lazada, foodpanda etc here (rocket internet = german)....
If you think these kind of people don't add economic value here you are nuts.