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Jokerpoint

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Posts posted by Jokerpoint

  1. I need to rent a nice house for my customers who are coming over in February 2008 for 5 weeks. The rental period would start at the beginning of week 9 and last until the end of week 13.

    Requirements:

    - high standards and good condition

    - private pool

    - 3 large bedrooms

    - fully furnished

    - good security

    Please contact me by PM if you could be able to help me. Please don´t post links to real estate agents since I already know how to reach them if needed.

    Many thanks!

  2. Seems to me that some of you already know it is a scam? Based on what? It very well may be, but not very usual that a scam company has assets worth one billion and is being accused of stripping some 30 million from it´s investors. However Thai officials seemed necessary to seize "only" 100 million...

    <deleted>?

    TIT

    Registered capital and paid up capital are 2 different beasts.

    Who? Where? What? Really? Are you just trying to teach me some basics of capital or referring somehow to this particular case?

  3. " I found the immigration officers bribing me to go into the international duty free zone after stamping me out of Thailand and to bring back cigarettes and Johhnie Walker for their pleasure. "

    Why would they ask you to do that? Cigarettes are more expensive in the " duty free zone " than anywhere in Thailand!

    Go get some sleep..

  4. Hi All,

    I am looking for some advice from those with some business experience in Thailand.

    Our Situation

    My wife is Thai, I am Australian.

    We live in Phuket.

    I have several Business in Australia, which support us.

    We would like to buy a house in Thailand, in my wifes name.

    This is for us to live in and as an investment.

    What we spend on rent would be virtually be the same as loan repayments.

    I do not want to bring the capital from OZ for the whole thing, but would like to borrow as much as we can from a Thai bank, and pay the balance cash.

    My wife does not work, and as such we cannot get a loan in Thailand.

    The Plan

    I would like to register a business (similar to being a sole trader) in my wifes name.

    In theory, the purpose of the business would be sale of goods (could be clothing etc)

    The business in practice would never operate.

    All of the funds that we bring in month by month to live on would be put through this business.

    Lets assume a turnover of 80K a month.

    The business set up as a Sole proprietor can pay tax at a natural person tax rate.

    There would be no need to keep records of expenditure, just income.

    link to information source (information on Tax rates, business structure etc)

    A standard tax deduction of 80% is available for a business structured in this way.

    So the taxable income on what we bring into the country would be say, 16K a month less standard deductions.

    This equates to 192K theoretical profit which would be taxable.

    As the first 100K of income per annum is tax free, we would have an annual tax liability on 92K

    At 10% tax on this, the maximum total annual tax bill would be 9200 Baht.

    For the purposes of a bank loan, would they look at the turnover of the business(960K) for assessing how much they would lend, or would they look at the theoretical profit declared for tax purposes(196K)?

    Any thoughts on the viability of the above would be appreciated.

    Really, I can't make this stuff up.

    To avoid moving funds from Australia to Thailand, you would declare a fake income to get a bank loan, ending up to pay taxes, legal fees and interests ?

    Btw the bank would of course look at the 196k of taxable profit, not to the 960K of turnover. Since when can turnover be considered income ? To make turnover you must pay your suppliers, and that money is of course not available to fund the mortgage payments.

    But what sort of business do you run in Australia that you are so unaware of basic accounting ?

    Maybe you should learn about the Thai banks and how they calculate these thing before you start to judge anyone. Again, this is Thailand!

  5. Looking for people with contacts to export companies or large factories with a lot of ocean cargo. We were recently granted a role of the sole representative in Thailand for a unique desiccant product called XDry.

    XDry desiccants are able to take in more than 200% of its own weight in moisture. Controls container sweat and cargo sweat better than the currently available product from the competitor.

    If you are interested to be an agent or otherwise work together with us, please send me a PM.

  6. We actually were there looking at kittens earlier today. Didn't feel any connection to the ones at Tony's, but eventually found a couple we wanted to adopt in the temple on South Pattaya road.

    We took them immediately to our vet--an excellent, kind man on Third road close to South Pattaya road, perhaps 300 meters from the intersection of Third Road and South Pattaya road on the East side of the road. His name is Dr. Kriensak and he took excellent care of our last cat. He's one of those people who really loves animals, you can see by the way he treats them. He got our last cat through some tough times.

    PM me if you want more details.

    Didn't feel any connection to the ones at Tony's???????? <deleted>?? I wish one could explain how to feel connected to a cat... :o

  7. Hi all and thanks for interesting thread!

    I live in Pattaya and so close to Bira Circuit. I'm interested to know if any of you know how to get involved with racing on a CBR 150? I would like to practice my need for speed on a race track rather than the streets of Pattaya, as many folks seems to do...

    Regards, Jay

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