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richardt1808

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Posts posted by richardt1808

  1. Hi,

    I have done it with both BBL and UOB. You need to go into the branch and complete the required documentation and you can then do it online subsequently. Check the required forms at the bank website. There is nothing specific about transfers to SA - requirements are the same for transfers anywhere. If you just want to do a one-off or for the first time you do it, then the bank will do it for you after the same forms have been completed. The main form is the actual transfer request form in which you mention the reason for the transfer (something like 'supporting family in home country'). I'm not sure if they still require a copy of WP / letter of employment... as I say get the latest info on their website.

    Of course you need to be careful about declaring the income to SARS on that side (but thats another story)

    Cheers

  2. hi,

    Drawing up any agreement may include a cancellation clause which is mutually agreeable to both parties.

    HOWEVER...

    hearing any of these infamous words rings VERY loud alarm bells around here: "GF"... "Buying a house"..."lease"... "usufruct"

    the stories tend to always end in disappointment and loss on the part of the poor foreigner, so I hope you have done your reading here on this forum. Lots of horror stories which dont need to be repeated.

  3. Hi,

    I think you will find that Thai labour law does offer recourse for a case like this. If an employer wishes to dismiss an employee, he must do so with valid reason and and follow the protocols laid out in the act. Although there may not be anything the employee can do about his actual WP and visa at this point, he should be able to claim severance / notice pay... possibly payment for the remainder of the contract, if it was a fixed term contract. No harm in visiting the labour department or a lawyer in this regard.

    Cheers

  4. You can search a lot of existing comments and opinions on property investment here.

    1. I think that the area you have selected may not be the ideal one for most high-income businessmen ?

    2. What will you do if you cant find a suitable tennant ?

    3. Do you think that it will be easy to sell you condo later ? I think we all know that it is not easy selling second hand property in Bangkok.

  5. Hi,

    Some great responses above. I think that the basic letter of the law which restricts foreign ownership to 49% of a Thai company says it all. Anything that you attempt to do to lock in control of a Thai company would not survive the ultimate test of legality if it were challenged in court. 'Proxy' became a very dirty word here following the debacle concerning a certain telecom company here, so while it may be possible to get away with something like this, no plan is going to be watertight and I wouldn't bet your life savings on it if I were you.

    Cheers

  6. Hi,

    Sounds a bit tricky actually. Since used car dealers don't do their own financing, they will require the full amount to be paid before they release the vehicle. I doubt whether they would take a deposit from your sister and hold the vehicle for XX months until you turn up to pay the balance and make out the paperwork. New car dealers may have in-house finance (such as Honda Leasing), but the same would apply.

    So, you're probably looking at having your sister-in-law take out a finance contract and do the full purchase. If she passes the credit check, the finance company would require her to be responsible for the payments, so you would probably be looking at transferring to her each month prior to her own repayment date, so internet banking described above would be the way to go.

    Cheers

  7. The simple answer is : For years.

    However your calculation is based on the assumption that the investor is able to successfully find a buyer when he is ready to turn his investment. There are numerous cases where developments run into problems prior to completion, such as revoked or illegal permits; or more tempting condos go up in the same area etc. Not all investors will be able to find alternative buyers... and if they cannot, the seller may end up doing the transfer at a reduced price. If he is unable to find a buyer, he may be encumbered with the full mortage since the original offer to purchase is binding.

    It is a mathematical certainty that for every investor who manages to turn a profit on one of these deals, there is at least one other investor who makes a loss.

    • Like 1
  8. Hi,

    It is common knowledge that there is a huge surplus of housing in Bangkok at the moment; and has been for a while.

    Buying a condo is a very risky investment - especially if you are planning to rent it out. There are loads of condos for rent, some at rental prices below what the mortgage repayment would be and also remember that it is very hard to sell a second hand condo because Thais perfer to buy new.

    As a general rule, it is fine to buy if you plan to live in it yourself, but there are loads of threads here confirming that property per-se is not a sound investment here.

    Regarding the OP's point about monthly payments commencing at the time of contract signing, this is not true. A mortgage becomes payable when the transfer is signed and the owner takes occupation of the unit. Occupation cannot happen until the unit is complete. If there are payments being made before the mortgage commences, they would be part of the deposit paid to the developer as part of the down-payment.

  9. hi,

    Unless you arae using a dynamic DNS method, a website cannot be run on a shared IP address. So.... if you have set up the nameservers for your website and the site is online... and people are able to access it, then you do indeed have a static or dedicated IP.

    lol... heard some crap in my time, you shouldn't make out you know what your talking about when you clearly don't have a clue.

    I confess that I did mis-interpret the question from the OP - I thought he was referring to a randomly assigned IP address which is what ISP's normally do with home users. Several websites can of course be hosted on a shared static IP address. My mistake.

    However, perhaps you could tell us how a reverse DNS lookup would confirm whether the IP is dedicated or shared ?

    OP, perhaps you'd find better information here than any of our crappy replies : http://www.buildwebsite4u.com/articles/dedicated-ip.shtml

  10. hi,

    Unless you arae using a dynamic DNS method, a website cannot be run on a shared IP address. So.... if you have set up the nameservers for your website and the site is online... and people are able to access it, then you do indeed have a static or dedicated IP.

  11. generally, Eva has very competitive rates, but there are loads of special packages on offer now from many airlines so you should consult a travel agent or visit the airline websites directly. I saw a Lufthansa banner on the way here which mentioned Bangkok/London.

    Cheers

  12. hi,

    Without being able to ask you some detailed questions, let me give you a broad reply:

    Tethering is used when you want to let your PC or Mac connect to the internet via your iPhone. If you are using the phone in a stand-alone fashion (which most users do) then there is no need to set up tethering. I think it is turned off by default if you have powered down the phone, so where you actually power it on then you may need to enable it manually. If you are doing normal internet browsing, then the phone will automatically switch between 3G and Edge depending on the signal available in your area, but if you have a wifi connection available, such as your neighbour's wifi point, then you can connect to that connection using the wifi preferences and you will get much better speeds.

    I would advise you not to use your iPhone to tether your PC to the internet on a regular basis because there will always be little problems like lost connections, slow speeds, and of course drain on your battery. You will save a lot of headches by signing up for a proper ADSL internet package or coming to an agreement with your neighbour and have him allow you to use his wifi.

    Best of luck,

    Cheers

  13. hi,

    Well... iPhoto is for handling photos, not video. And .gif is not a video format so it is not surprising that your video didnt play.

    You should use appropriate video editing software to edit and save your video. I'm not sure if iMovie is free, but there are loads of free video editing programs. Once you have finished editing you should export in a recognised video format such as: .mov or .wmv or .avi or Mpeg or Mp4.

    QuicktimeH264 provides the best video quality vs small file size and is easy to attach to an email.

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