TravelerEastWest

On 1/11/2022 at 8:20 AM, Sunmaster said:

I started my business 10 years ago, with basically zero investment. I was lucky to find a good niche, doing something I am passionate about and was able to quit my day job after 3 years. 

For company registration and book keeping I use an agency (recommend DLW accounting).

You will hear a lot of naysayers telling you it's impossible to do and that you will lose all your money. It could happen of course, but don't let that stop you from trying. 

Good luck

 

 

Exactly.

Starting a business in Thailand has some special challenges, learning new tax laws and the language etc but this is normal in international business.

If you have experience and capital etc why not start a business here.

I had to learn import and export rules in addition to taxation etc when I started a business here almost 20 years ago. But we have weathered floods, COVID problems lack of qualified staff (biggest personal challenge by far). And theft (not a bigger issue than elsewhere for us - and we have done well in court recovering stolen money).

I do have a big advantage a Thai wife that is my partner and learns quickly ...

1 hour ago, sometimewoodworker said:

That is your theory. However that is not true, apart from the point that Apple does not make low quality cheap phones.

iPhones can certainly do a lot of things that that Android phones can not. The software under

iOS,

Photos, 
FaceTime, 
Contacts, 
Home, 
Reminders, 
Find My, 
Shortcuts, 
GarageBand, 
iMovie, 
Keynote, 
Numbers, 
Pages.

iCloud

7 years of system updates

can not run on Android to mention just a few, all of those are either unique to Apple or sync with other Apple devices.

 

Certainly Android has some of these and some of the Android versions maybe quite capable however the integration of the ecosystem with other devices does not exist and seamlessly integration with different Apple products doesn’t exist.

 

if you only look at an Android phone and an Apple phone in isolation the Apple advantage is less clear, but it is still there if you only use a small subset of the available software and have no other tech again the advantages becomes less obvious.

 

So on a ROI basis Apple is the winner

 

You are correct but the best thing about an Apple iPhone is that it simply works smoothly and really needs repairs.

The same for Apple computers I still have one Windows computer that I need to make DHL labels in my office and do Thai tax payments other than that no need for Windows.

On 10/27/2022 at 11:01 PM, TallGuyJohninBKK said:

 

As things stand right now, the current, original vaccines have been shown to be quite effective in preventing/reducing the risks of COVID death, hospitalization and serious illness during the first several months post injection. But those protections have been shown to begin waning substantially by the time people get about 4 months post injection, particularly with the current Omicron variants.

 

Thus getting another booster is generally recommended after four months, because the booster will restore the original levels of protections. And various governments, I believe, plan to start using the newer bivalent vaccines as boosters for people who've already had their original two shots.

 

The new vaccines are supposed to be more effective against the currently circulating Omicron variants. But the initial early reports on whether they really are more effective than their predecessors have been mixed. If they end up being not more effective, then in all likelihood, they'll be at least as effective as the original vaccines.

 

So either way, boosting one's protections with one vaccine or the other would seem warranted, particularly if the person is older (advanced age alone is the greatest risk factor) or has any of the other various medical conditions that put them at greater risk for serious COVID illness.

 

 

Thank you just the information that I need.

I am in Chiang mai and will start looking around for where I can get it...

"It doesn't seem as though I'm going to be able to get my question answered so I'll defer to the Thai Revenue and will ask them.'

In a very general way this is OK but I am 100% sure that you can't rely on the IRS or Thai Revenue departments for anything other than a binding written opinon for your situation.

I say your situation as tax law is complex and does not always follow logic. For example a court in California could have a favorable ruling for similar situations but the IRS can and does say at times we dont agree and will only follow that ruling in that geographic area - a ruling might only be good for 5 states as an example.

As a side note I once was told by a Thai district tax director that my US income (over a year old) was fully taxable in Thailand. I politely explained the law and then disregarded what she said and all was well.

The only way to know for sure is for a qualified tax professional with experience in the area to do the research and then to be really sure you need a formal tax opinion.

6 hours ago, NancyL said:

Just this week, U.S. news is reporting on two small studies showing that the new bivalent booster isn't much better than the original Moderna and Pfizer vaccines in boosting immunity.  https://www.bostonglobe.com/2022/10/25/business/omicron-boosters-not-much-better-against-variants-than-originals-say-two-small-studies/

 

While the new Pfizer and Moderna vaccines do a great job of preventing Covid, one big drawback of these two vaccines is that they don't give long-lasting immunity and do need to be boosted.  So if it's been six months or more since your most recent Covid shot, then waiting for the new bivalent vaccine to come to Thailand isn't a good idea.  Go get the "old" Moderna or Pfizer vaccine.  They do a good job of boosting immunity, too.

 

Do you think if we` have had four shots total Moderna and Pfizer then every six months boosters are still needed?

Bangkok Hospital any of the dermatologists - I had a routine visit the Dr saw something suspicious right then she did a biopsy and the skin cancer operation was a couple of weeks later - operation went perfectly. Don't remember her name - sorry...

1 hour ago, Sheryl said:

As far as I know no place in Thailand is taking names or reservations for 2nd generation vaccine. No place has even ordered them yet.

 

It's going to be a while

Thank you for the update - good to know - but frustrating...

Thank you for the suggestion - I have an old mac mini which is doing well... I like to keek it as a spare computer...

7 minutes ago, nigelforbes said:

Dr Ampica is widely regarded as being the best endocrinologist in the North of Thailand and is well known throughout the country. 

 

https://sriphat.med.cmu.ac.th/en/doctor/detail/124

Sounds good how many cases of type 2 diabetes has she reversed?

Does she stress diet and exercise as the frontline of diabetes care?

13 minutes ago, nigelforbes said:

Passing the English proficiency course is a legal requirement before doctors in Thailand can qualify.

Passing tests in Thailand - can shall we politely say can be an interesting process...

Also, I am sure in the old days English was not practiced as often today so whatever skills were there, have dropped over time for country doctors without English speaking patients - I understand.

Now in the large private hospitals doctors do speak English - you may have to speak slowly but they do speak English.

20 hours ago, MrJ2U said:

Udon Thani Bangkok Hospital took deposits about a year ago for Midernas second generation (Bivalent). vaccines.  I got 3 for about 1800 each.  My wife has a reciept.

 

Reminds me I better call and find out when they are expected. 

 

It was such a disasterous rollout for people who had pre ordered vaccines a few years back.  The Thai Red Cross ended up taking 40% of the delivery to resell and it seemed the government was determined to make it very difficult unless it was Sinovac or Astra.

 

Hopefully smoother this time around. 

Perfect this is the information that I needed!

17 hours ago, cregwillis said:

Two months ago i was diagnosed with the type 2 diabetes and was slightly "shocked" to be honest.  My doctor was very polite and patient with me and all my thousand question (most of them where something "how to live with this information?") . After some time i calmed down, decided to buy victoza online and be ready to fight the high sugar blood level when he comes.

Did you carefully research the side effects and dangers?

Sounds like it is not yet serious  - diet and excessive may be all you need...

Best of luck to you!

Bivalent Covid Vaccine in Thailand?

Is there a list we can get on now?

Just now, scubascuba3 said:

Front loading ones are much better, top loaders just swirl clothes round a bit

Agree

Go for a long warranty and a sale price - and not online.

Get teh seller to install and take responsibility.

I like Homepro

3 hours ago, Kwaibill said:

Great, thanks. Just as I do, direct deposit of SS funds to Bkk bank, and they do show as foreign origin. 

I was pretty sure that was what the IO said on our last trip to Samut Prakan immigration, but my wife can be a worry wart (not without reason; I have "screwed the pooch" a couple times in the past).????

I think I do the same as you SS goes to my US bank and then I send all at once a number of months income which saves me transfer fees.

19 minutes ago, DrJack54 said:

Money in the bank method for extensions does not require to be shown money comes from overseas. 

 

Income method different.

 

Ignore the stuff you quoted from Siam Legal. 

Agreed no requirement from experience to show it is from overseas - but who knows what some offices may ask for...

49 minutes ago, gearbox said:

Daddy funding a coffee shop? Wouldn't this be a waste of a degree? One can run a coffee shop with primary school arithmetic.

Not a waste at all - running a business with a good education is not essential but a big plus.

If nothing else you can have good conversations with your customers who are educated...

1 hour ago, Dante99 said:

Not the Thailand I have been living in for over 30 years.

Exactly 50% do not make that much - not a chance.

Median is the mid point so perhaps the very wealthy skew this number?

On 2/20/2022 at 4:29 PM, daveAustin said:

Do yourself a favour a go for it op. Yes you can’t customise but the things just work and are safer out of the box. Shifting things over from pc is simple with the Mac wizard and Word docs can be opened and edited with Apple Pages etc. 

Exactly - Easier safer simpler less headache etc.

The transition learning period should last a couple of hours...

I would only use Windows when needed for software.

17 hours ago, Iamfalang said:

good luck every finding answers on this one.

 

16,000 is horrible.

 

falang teachers from 30 to 35 and then all of a sudden a GOV'T school offers 50k

 

rottee seller once told me they do 30 a month and sometimes 50.   I don't have proof.

 

then you have jokers with 300 in debt and they can tell you anything.

 

gotta figure the avg. Thai income is just under 20 but after 20 years it can really ramp up over 100 if doing gov't work

Thai people tend to mean gross when they tell you business income so if the rote seller did 30,000 their net income after expenses is less...

15,000 is a good basic salary in Chiang Mai.

More with degrees and skills.

100,000 is for very highly educated people or business owners etc

On 10/3/2022 at 8:07 AM, jonwilly said:

I do all my Immigration via Assist Thai Visa.

I have been with them since they first opened and have zero complaints.

My 12 type O visa took less than 5 mins from entering to me and one other guy who had come down with me in their transport leaving.

john

Agreed - good investment if you are busy and not retired...

4 hours ago, scubascuba3 said:

Won't there be 100% common shares? so split 51\49, having additional preference shares is a side thing

No the total shares equal 100% but you can own all the common - voting shares and the Thai shareholders all the preferred shares.

Not complicated or expensive to do I have done it.

You can have a lawyer or CPA do it for you.

Have common shares in your name and preferred shares in the Thai shareholders name.

Easy to do I have done it