Popular Post rooster59 Posted January 27, 2018 Popular Post Share Posted January 27, 2018 Thailand takes lead as the world’s best country to start a business Thailand was voted the Number One ranking of the list of Best Countries to Start a Business for the second year in a row out of a total of 80 countries surveyed by the US News and World Report. Commerce Minister Sontirat Sontijirawong said Friday (Jan 26) that the US media company also placed Thailand on the 8th ranking of a list of 25 Best Countries to Invest In. He attributed Thailand’s improved ranking in the two categories to the Commerce Ministry’s cutback on the redtapes for the registration of new business in Thailand and the expenses for registration for business operators. Full story: http://englishnews.thaipbs.or.th/thailand-takes-lead-worlds-best-country-start-business/ -- © Copyright Thai PBS 2018-01-27 2 7 Link to comment Share on other sites More sharing options...
Popular Post NCC1701A Posted January 27, 2018 Popular Post Share Posted January 27, 2018 if you are Thai. yes. not Thai, not so much. 69 1 1 2 7 Link to comment Share on other sites More sharing options...
Popular Post gunderhill Posted January 27, 2018 Popular Post Share Posted January 27, 2018 Wonder how it ranks for new ventures closed down after 12 months? 22 3 13 Link to comment Share on other sites More sharing options...
Popular Post ezzra Posted January 27, 2018 Popular Post Share Posted January 27, 2018 How to make a million in Thailand... you start with two millions.... 26 4 23 Link to comment Share on other sites More sharing options...
Popular Post PatOngo Posted January 27, 2018 Popular Post Share Posted January 27, 2018 9 minutes ago, ezzra said: How to make a million in Thailand... you start with two millions.... Optimist! 13 1 23 Link to comment Share on other sites More sharing options...
Popular Post KIWIBATCH Posted January 27, 2018 Popular Post Share Posted January 27, 2018 Yep perfect place to start a business....first off..hand over 49% of it to a Thai person who you have never met and never will....get ripped badly by so called Thai Lawyers in the initial setup costs....then forced to employ a proportion of Thai staff...who sit on their <deleted> playing on their phones....or simply dont turn up for work 2 or 3 days out of 7........then just when you have the "perfect" business setup along comes the coppers every month with their greedy hands out... Fake news...or utter bullshit....both...!! 53 4 8 Link to comment Share on other sites More sharing options...
Popular Post rheinwiese Posted January 27, 2018 Popular Post Share Posted January 27, 2018 Almost spilled my coffee. April fools Day comes early this year... 18 14 Link to comment Share on other sites More sharing options...
Popular Post Misterwhisper Posted January 27, 2018 Popular Post Share Posted January 27, 2018 46 minutes ago, rooster59 said: Thailand takes lead as the world’s best country to start a business I assume that report only considers investors from the U.S., who are protected by an antiquated "friendship law" dating back to the Vietnam war and which allows U.S. citizens to actually own 100% of their business. As for the rest of us: Yes, it's perhaps easy to start a business with a sackful of money to invest - and lose once your 51% Thai partner smells the profits and saws you off like a dead tree branch; or because your greasy Thai lawyer failed to inform you that as a non-U.S. foreigner you were actually not legally permitted to engage in that sort of business in the first place. I assume that report only considers investors from the U.S. 20 1 Link to comment Share on other sites More sharing options...
Popular Post Henrik Andersen Posted January 27, 2018 Popular Post Share Posted January 27, 2018 Wow 1 April already 4 4 Link to comment Share on other sites More sharing options...
Popular Post dictater Posted January 27, 2018 Popular Post Share Posted January 27, 2018 As you say Americans can own 100% of their business because of an antiquated law ( and the billions of dollars pumped into this countries infrastructure during the Vietnam conflict) but just go ahead and try and do that, unless you're coming in as a major economic force no one recognizes that law. 8 Link to comment Share on other sites More sharing options...
Popular Post Somtamnication Posted January 27, 2018 Popular Post Share Posted January 27, 2018 (edited) Well, I thought I saw pigs fly. Edited January 27, 2018 by Somtamnication 8 5 Link to comment Share on other sites More sharing options...
watcharacters Posted January 27, 2018 Share Posted January 27, 2018 22 minutes ago, Misterwhisper said: I assume that report only considers investors from the U.S., who are protected by an antiquated "friendship law" dating back to the Vietnam war and which allows U.S. citizens to actually own 100% of their business. As for the rest of us: Yes, it's perhaps easy to start a business with a sackful of money to invest - and lose once your 51% Thai partner smells the profits and saws you off like a dead tree branch; or because your greasy Thai lawyer failed to inform you that as a non-U.S. foreigner you were actually not legally permitted to engage in that sort of business in the first place. I assume that report only considers investors from the U.S. ECHO ? 1 Link to comment Share on other sites More sharing options...
Popular Post canuckamuck Posted January 27, 2018 Popular Post Share Posted January 27, 2018 Sure great place to start a business. People in our village start businesses all the time. Often all they got is a wok and a gas burner and a few plastic chairs. Of course they are doing something else in a couple of weeks, but they found it very easy to start a business 17 8 Link to comment Share on other sites More sharing options...
Aroyaroy Posted January 27, 2018 Share Posted January 27, 2018 (edited) Did I miss something? In 2017 and 2018 PDF reports Thailand ranks 27 and 30 respectively. No #1 positions for sub-categories either. Can someone help me? I want to see #1 ranking. Thank you. Edited January 27, 2018 by Aroyaroy 2 Link to comment Share on other sites More sharing options...
Popular Post RichardColeman Posted January 27, 2018 Popular Post Share Posted January 27, 2018 1 hour ago, ezzra said: How to make a million in Thailand... Re-mortgage someone's house apparently ! 3 1 Link to comment Share on other sites More sharing options...
Popular Post overherebc Posted January 27, 2018 Popular Post Share Posted January 27, 2018 23 minutes ago, dictater said: As you say Americans can own 100% of their business because of an antiquated law ( and the billions of dollars pumped into this countries infrastructure during the Vietnam conflict) but just go ahead and try and do that, unless you're coming in as a major economic force no one recognizes that law. So many people actually believe it's that easy for anyone from USA to start and own a business 100%. Take a good read at the conditions and the types of work restricted and the financial investment required. It may just change your ideas. Google is your friend. 3 1 Link to comment Share on other sites More sharing options...
Airbagwill Posted January 27, 2018 Share Posted January 27, 2018 To start 49% of a business? 1 Link to comment Share on other sites More sharing options...
Popular Post ajarnmarc Posted January 27, 2018 Popular Post Share Posted January 27, 2018 1 hour ago, gunderhill said: Wonder how it ranks for new ventures closed down after 12 months? very true, especially when one considers the key money, which is off the books, for property owners, which are to be paid annually, and can also increase as the property owner becomes more interested in a successful business, as the silent partner of sorts. Personally I refuse to go this route of paying this contract money / key money, while the property owner tries to explain that I can just build the cost into the prices of my service. As I'm just not interested in taking on a silent partner just to rent the space for my business, it's all such a joke for the people who fall for this...yet the Thai's figure the foreigners are to naive to know any better, yet later fail to succeed in their new business venture, due to all the unnecessary overhead cost which they find are built-into their startup business. If people would just refuse to pay it, then it would go away. In the end the people who own the land / space for a new business are the ones really profiting from these new businesses, and for doing nothing in return. 3 Link to comment Share on other sites More sharing options...
Popular Post Wiggy Posted January 27, 2018 Popular Post Share Posted January 27, 2018 54 minutes ago, KIWIBATCH said: Yep perfect place to start a business....first off..hand over 49% of it to a Thai person who you have never met and never will....get ripped badly by so called Thai Lawyers in the initial setup costs....then forced to employ a proportion of Thai staff...who sit on their <deleted> playing on their phones....or simply dont turn up for work 2 or 3 days out of 7........then just when you have the "perfect" business setup along comes the coppers every month with their greedy hands out... Fake news...or utter bullshit....both...!! I think you’ll find you have to hand over 51%. I thought that it was us pesky foreigners that could only own 49%. 7 Link to comment Share on other sites More sharing options...
Popular Post Cadbury Posted January 27, 2018 Popular Post Share Posted January 27, 2018 (edited) 46 minutes ago, Aroyaroy said: Did I miss something? In 2017 and 2018 PDF reports Thailand ranks 27 and 30 respectively. No #1 positions for sub-categories either. Can someone help me? I want to see #1 ranking. Thank you. This is only the opinion of the World Bank. Many other foreign investors know otherwise. The World Bank seems ignorant of the fact that is a military government run by one man. Article 44 is the Sword of Damocles that hangs over any foreign business in Thailand. For confirmation ask Kingsgate Mining. https://www.usnews.com/news/best-countries/best-start-a-business?slide=6 Edited January 27, 2018 by Cadbury 10 Link to comment Share on other sites More sharing options...
Popular Post irwinfc Posted January 27, 2018 Popular Post Share Posted January 27, 2018 didn't think people at Thai PBS fancied mythology at this day and age. 4 Link to comment Share on other sites More sharing options...
wolfmanjack Posted January 27, 2018 Share Posted January 27, 2018 1 hour ago, Misterwhisper said: I assume that report only considers investors from the U.S., who are protected by an antiquated "friendship law" dating back to the Vietnam war and which allows U.S. citizens to actually own 100% of their business. As for the rest of us: Yes, it's perhaps easy to start a business with a sackful of money to invest - and lose once your 51% Thai partner smells the profits and saws you off like a dead tree branch; or because your greasy Thai lawyer failed to inform you that as a non-U.S. foreigner you were actually not legally permitted to engage in that sort of business in the first place. I assume that report only considers investors from the U.S. Unless things have changed recently if you form a Thai company the restricted businesses do not apply since the company is considered a Thai juristic person. Link to comment Share on other sites More sharing options...
neeray Posted January 27, 2018 Share Posted January 27, 2018 Another incomplete article. Link to comment Share on other sites More sharing options...
KICHIKRISH Posted January 27, 2018 Share Posted January 27, 2018 On what basis is this claim because the news article, I read is totally different. Is this news spin or am missing some news information https://www.usnews.com/news/best-countries/open-for-business-full-list 1 Link to comment Share on other sites More sharing options...
Popular Post Megasin1 Posted January 27, 2018 Popular Post Share Posted January 27, 2018 You couldn't make this up !!! Oh...hang on, someone did !! How I love the entertainment value. What's next ? No 1 Democracy ? 3 5 Link to comment Share on other sites More sharing options...
steven100 Posted January 27, 2018 Share Posted January 27, 2018 1 minute ago, Megasin1 said: You couldn't make this up !!! Oh...hang on, someone did !! How I love the entertainment value. What's next ? No 1 Democracy ? open up a bar in Nana or Soi Cowboy !! you can't go wrong ... Link to comment Share on other sites More sharing options...
empireboy Posted January 27, 2018 Share Posted January 27, 2018 I cannot understand this. 5 days to open a company... Can do it online in many countries and have finalised in under 24 hours and under us$200 Link to comment Share on other sites More sharing options...
Popular Post geriatrickid Posted January 27, 2018 Popular Post Share Posted January 27, 2018 Such nonsense. Apparently, they were not present at the last multinational investors meeting when issues such as corruption, bureaucracy, inadequacy of infrastructure etc. were raised. 2 1 Link to comment Share on other sites More sharing options...
Cadbury Posted January 27, 2018 Share Posted January 27, 2018 (edited) 14 minutes ago, KICHIKRISH said: On what basis is this claim because the news article, I read is totally different. Is this news spin or am missing some news information https://www.usnews.com/news/best-countries/open-for-business-full-list Yes you are missing something. It is not "Open for Business Rankings" it is "Best Country to Start a Business Rankings". The World Bank has thousands of rankings for every occasion. Every country gets to be a winner in at least one them. https://www.usnews.com/news/best-countries/best-start-a-business?slide=6 Edited January 27, 2018 by Cadbury 1 Link to comment Share on other sites More sharing options...
transam Posted January 27, 2018 Share Posted January 27, 2018 Start then fail in short order are very different parameters... Link to comment Share on other sites More sharing options...
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