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mark5335

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Everything posted by mark5335

  1. Here's a list of current bank deposit interest rates. The right hand column shows FD's up to 24 months indicating that both K Bank and SCB paying up to 2.0% p.a. Note that this can be a bit misleading as they are typically step-up interest rates meaning the FD might commence at say, 1.10% for the first 5 mths and eventually increase to 2.0% for the final 5 months. It doesn't appear to be an exhaustive list of current FD offerings as I know that LH Bank (unsure if they have a branch in Chiang Mai) have a current promotion of 2.1% p.a. for 11 months. https://www.bot.or.th/en/statistics/interest-rate.html
  2. I did my last DL renewal at DLT Cha-am also, although my registered address is in Bangkok. Similarly to your experience it was hassle-free, as well as being quick and friendly - in stark contrast to DLT Bangchak in Bangkok.
  3. If it's an important document, for both speed and safety reasons I use DHL to send from Bangkok to Sydney.
  4. and none of the officers are pointing at the accused...
  5. Indeed, hence the increase in adverts...pump up the revenues so it will support a higher business valuation prior to the sale.
  6. I was involved in a civil case in Bangkok 3 years ago (as the respondent), and there was no restriction placed on my passport and in fact I travelled overseas unimpeded. Obviously it would be diffient for a criminal case.
  7. Yes, in fact the FB Group Moderator mentioned earlier today as follows: "At this time the only Burma border open is the Ranong / Kawthaung".
  8. Glad I did a painless border bounce at Mae Sai / Tachileik last week, as it was reported today on the Thai Visa Advice FB group that this checkpoint (as well as Mai Sot) are now temporarily closed.
  9. Your old tax fine number is fine, as they're not going to verify it with the Revenue Dept.
  10. The standard Thai company objectives include carrying on a business such as retails/wholesale trade etc. So you could undertake such activity in your Thai company. Apart from facilitating land ownership a key advantage to owning the property in your Thai company name is that if you later choose to sell the property, it can be done a by a simple share transfer (for transfer of ownership of the company at the Dept of Business Development) rather than a land sale at the Land Office. This means that you won't need to pay the Transfer Tax etc. which can be quite a saving. On the downside, with the company you'll have unavoidable annual fixed costs for filing of company tax returns and audit (say, about THB50K)
  11. Apparently No Idea's new location will be in Soi 18.
  12. ...although the BMW depicted above would appear to be a 4 Series, not an X7.
  13. You can look up a company name on the Dept of Business Development (Ministry of Commerce) website:- https://datawarehouse.dbd.go.th/index
  14. I've been importing vitamins once every couple of months through online vitamin stores in the USA and Aust. To date, I haven't had to visit Thai Post or Customs to pay import taxes. The key thing that I've noted is the necessity to keep the package value below THB3,500 and limit each package to no more than 6 items.
  15. Manarom Hospital in Bangna is often suggested. https://www.manarom.com/adult_eng.html However, I would be inclined to try the western doctor you mentioned for better communication.
  16. I was in Hong Kong a few weeks ago, and noticed the same trend there with many retailers insisting on payment by a 'tap & go' credit/debit card than handling cash...even for simple bills such as a snack & coffee. Coincidentally, the gov't there is also rolling out a stimulus program but more generous than that in proposed by Pheu Thai Party here, in line with the significantly higher cost of living over in HK.
  17. Not if your home is in a condominium. But if your home is a villa/bungalow/apartment building it's possible subject to the owner/landlord's consent. The cheapest option would usually be a virtual office, in which the serviced office provider is able to register the address with the DBD.
  18. If you apply for a Wise account (from Thailand), you can be issued separate IBAN codes for both EUR and GBP.
  19. Indeed. I bought a 2 year old lightly used (Thailand assembled) BMW in BKK last year that still had 3 years BSI warranty left. The cost was 40% less than a brand new model. After the BSI expires, if the service centre at BMW Pattanakan is too expensive to continue with, then there are in fact some local independent repair shops in BKK that specialise in import/German vehicles - such as Thomson Garage on Srinakarin Rd.
  20. I agree with this recommendation also. If unable to find one at Robinson's or Emporium Dept Store area, then the luxury brand name outlets such as those mentioned in Emporium would have the cardholders but at a higher budget. I bought this leather one at Gucci in Emporium years ago:
  21. "Is Starbucks the rightful King of the Coffee Universe?" They certainly are the King of Coffee in my district in BKK. I count that there's 16 Starbucks outlets within a 20 min walking distance from home. Mind you, the 7-11 coffees and privateer coffee street hawkers also do well in my area.
  22. I took a similar approach to this and it worked, and have not had any unsolicited investment calls for a few years since. Although I told him I was recently financially bankrupt, feeling suicidal, family had left and then I asked him for a loan. No call since.
  23. In case you weren't already aware, the top 6 banks in Thailand carry the official designation of 'systemically important'. This means that the Bank of Thailand / Thai Gov't would support such banks in a liquidity crisis, i.e., they would be prevented from going 'belly up'. The top 6 are - Bangkok Bank (BBL), Krungthai Bank (KTB), Kasikornbank (KBank), Siam Commercial Bank (SCB), Bank of Ayudhya (BAY) and TMBThanachart Bank (ttb). Regarding BAY (Krungsri), additionally they are a 76% owned strategically important subsidiary of one of the worlds top 10 banks, i.e., MUFG of Japan. You needn't be concerned about such banks going 'belly up'.
  24. I had a similar experience, but they (DLT Bangchak) did have a slot for me 2 months later which would have been more than one year after expiry. So instead, I travelled to a less busier province (Petchaburi) and thank fully got it done there in less than an hour.
  25. You could authorise your wife to insert the date on the transfers with a Power of Attorney (the date to be just prior to your demise) . Anyway, aside from that, you can now eliminate your sleeping shareholders. Earlier this month the Thailand Commercial Code (Section 1097) was amended and now only 2 director/shareholders are required instead of 3.
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