ThomasThBKK

1 hour ago, herwin1234 said:

it completely baffles me why the Thai governement targets and favors well to do expats mostly from other Asian regions and some from farang country who want to invest and do business, over the sexpats and pensioners. According to some ppl belonging to these last focus groups, their pension euro and bargirl money is what keeps Thailand economically afloat.

Confused. lol.

But they don't, that's why all these offers are <deleted>.

Can just buy a passport in real countries including the US as an investor; Or the Spanish/PT/greek golden visa, or the malaysian m2h visa or the proper long term singapore visas - this is just bs marketing for condo developers tho.

Maybe interesting for people fleeing HK but many of them could get a proper british citizenship, no idea who is even the target market for these <deleted> campains, if i want an elite visa i just buy the 1 mio 20 year one, if i want a new condo i just buy it and apply for the investment visa, there's nothing interesting coming with this visa here.

40 minutes ago, DavisH said:

I wonder how that will work. WP's are normally attached to a particualar job. Unknowlingly, maybe the TAT intends to employ said foreigners to work full time as their spokespeople for 15K a month????

Changed years ago, you only have to notify the gov that u changed jobs.

Still no clue how this would work in this case... 

1 hour ago, thaibeachlovers said:

How many does that happen to?

 

Provided one has the correct visa it's unlikely one would be refused entry just on frequency.

Keyword "correct visa"....

never saw it happen to retirement, marriage, child support, work or elite/pe visa holders... If it happens then to people on visa exempt or sketchy ED visas in 99% of cases.

21 minutes ago, luckyluke said:

Politics, it is all about giving the base the illusion that something is done for them.

If the base is happy,

this will affect their vote.

But in fact this fishing thing is economical insignificant in the all package.

Yes the UK fishing industry, or at large the whole european fishing industry is really so irrelevant - it's like 0.1% of gdp or less.....

The real reason the UK fishing industry is so rekt is that when Brussels gave grants out in the 1980s to fishing communities they had to be matched by the governments - the british government didn't do <deleted> and left them to die, unlike all other european countries. 

Britain is truly the Thailand of Europe, it's always the others, whiny little <deleted> while acting like every other populist lying <deleted>. 

11 minutes ago, hotchilli said:

If they were working without a work permit then fair do's.... caught and kicked out.

If that is the case then one hopes the school director gets done too, a two way street.

“For example, a foreigner to work without a work permit can incur a fine from B600,000 up to B1 million and from three to 10 years in prison, or both, for each foreign worker deceived,” he said.

This is rubbish, the laws have been relaxed years ago. 

No prison sentence possible for this, in case of the foreigner, but the school director could go to jail - but won't, because this is all just to rip off dumb farrangs anyway. 

Fine for the foreigners:

Quote

The foreigner faces a fine ranging from THB 5,000 to THB 50,000.

Fine for the school:

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The employer faces a fine ranging from THB 10,000 to THB 100,000 per foreigner.Employers who are repeat offenders face imprisonment for up to one year, or a fine ranging from THB 50,000 to THB 200,000, or both. Such employers will also be blacklisted and not allowed to hire foreign employees for three years from the date of the final court judgement.

Of course we all know they won't rip off the school. 

Source: https://www.tilleke.com/sites/default/files/IC - May 2018 - Relaxation of Work Permit Requirements in Thailand.pdf

7 hours ago, MRToMRT said:

But are they digital nomads Thomas?

 

They were business people who had Thai companies and partnerships no? Or contractors who worked for them?

 

 

I may be wrong, I am thinking about this and I don't really know what a digital nomad is, how is it separate from other things? I guess just as they probably stereotype me as retiree being some old poor codger in a singlet, drinking chang from a can outside a 7 eleven in patts with a naughty on my arm and complaining about the cost of everything and telling everyone that it was tougher in my day. I am probably, worsly,  sterotyping them as all as someone who bought a camera and ticket to Thailand with a plan to change the world by becoming a Youtuber and calling that a profession.

 

What is a digital nomad?

 

 

yeah if you take it literal you are totally right, they are simply startups, freelancer, self employed workers, remote workers... digital nomad is pretty much just a marketing term these days. However there's no visa for these types available that makes sense. BOI approvals are very limited and the investment is too much for normal people, there's also tons of sectors blocked where you aren't able to get a BOI anymore (like hotels business). 

If they would just get rid of the foreigner business rules that you can't own a simple limited company as a sole majority shareholder and that you have to hire random thais to get a work permit, that would already fix all these issues.

As long as the limited pays enough taxes, why does it matter if there's a majority thai shareholder...

Most startups go where it's easy to setup, and that isn't Thailand.

Setting up my Singapore or UAE (DUBAI) company was cheaper than the same would have been in Thailand - and so much more legitimate... 

In Dubai an FDIC approved company costs 12k per year (office fees) but then again this doesn't sound like little extra cost - but it comes with a temporary residence that can turn into a permanent residency, you are the full owner etc.

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. 

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.

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...

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.

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.

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. 

Quote

 most 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)... 

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!

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... 

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. 

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 ....