mark5335

2 hours ago, Somros said:

Thanks. Mind telling what business did you engage in? Did you export goods or services?

It was mostly the export of animal feed products from Thailand to several markets in NE Asia.

I did this 10 years ago so unsure whether it's still possible. My lawyer incorporated the company at the DBD as a Thai owned company and a month later changed the shareholders to 100% foreign. The was properly registered at the DBD and our annual audited filings were accepted at the DBD and the RD without problem. (I'm unsure what the penalty would have been is we had transacted any domestic sales.)

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

5 minutes ago, Soondae said:

Wow, don't know how to help, just renewed mine last month in Cha-Am DLT. I got residence letter from my condo, took it to Prachuap Khiri Khan (Hua Hin) immigration, they did residence letter for me (500 baht) went to DLT Cha Am and out the door with renewed license in 20 minutes.

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.

If it's an important document, for both speed and safety reasons I use DHL to send from Bangkok to Sydney.

19 minutes ago, bogs smith said:

 

big changes are needed. isn't the geezer selling it on? thats what i read anyway.

Indeed, hence the increase in adverts...pump up the revenues so it will support a higher business valuation prior to the sale.

12 minutes ago, BritTim said:

Is there any information on that group about the current situation at Ranong? Are border bounces there still possible?

Yes, in fact the FB Group Moderator mentioned earlier today as follows:

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.

Your old tax fine number is fine, as they're not going to verify it with the Revenue Dept.

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)

15 hours ago, brewsterbudgen said:

No Idea is fantastic.  Hopefully the new location will not be too far from where it was before.

Apparently No Idea's new location will be in Soi 18.

29 minutes ago, webfact said:

a wealthy influencer driving his BMW X7

...although the BMW depicted above would appear to be a 4 Series, not an X7.

You can look up a company name on the Dept of Business Development (Ministry of Commerce) website:-

https://datawarehouse.dbd.go.th/index

3 hours ago, JimmyJ said:

I'm surprised by the above 2 responses, as I have read that it can be difficult simply importing vitamins by mail/DHL etc.

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.

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.

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.

10 minutes ago, KhunLA said:

Can you not have an office in your home ?

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.

If you apply for a Wise account (from Thailand), you can be issued separate IBAN codes for both EUR and GBP.

10 hours ago, Isaan sailor said:

I had the pleasure of owning/driving five BMW’s in America—from a 1600 in college to a 530 when I retired to Thailand.  Great handling cars and fun to drive.  I bought all of them second hand, and used a local independent BMW specialist repair shop.

That doesn’t seem to exist here.  Plus the prices are sky high—whether you buy new or used.  For me, it doesn’t look good for another BMW in LoS.
But if you can afford a new one, or slightly used—go for it.
 

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.

On 3/17/2023 at 3:13 PM, Tropposurfer said:

 

Have you tried Alfred Dunhill shop in Emporium? Mont Blanc, Hermes?

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:

"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.

40 minutes ago, steven100 said:

let them run through their spiel .....   then say '    sorry I didn't quite catch that could you repeat that ....  it's a bad connection,   then say it again '   sorry I'm having trouble catching what your saying '  ....

 

haha ......  they'll soon stop calling you.

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.