Popular Post webfact Posted January 16, 2023 Popular Post Share Posted January 16, 2023 BANGKOK, (TNA) — The Royal Thai Police would join force with the agencies concerned to inspect and enforce the restrictions on foreigner-owned businesses in Thailand, according to the spokesperson of the Royal Thai Police, Police Major General Archayon Kraithong. Pol Gen Archayon Kraithong said there are groups of Chinese people who are investing in Thailand via Thai nominees or Chinese nationals who held only tourist visas and ran various businesses including shops and eateries in in Yaowarat area, aka Bangkok's Chinatown which hurting the businesses of local operators. He said the payment format would use Chinese to Chinese system and the end of the transaction is unknown as the money can go back to China not in Thailand. They can also avoid tax in Thailand, he said. Pol Gen Archayon said the Royal Thai Police as the law enforcement agency and the Immigration Bureau which enforce the Immigration Act, BE 2522 would strictly enforce the restrictions on foreigner-owned businesses in Thailand. Full story: https://tna.mcot.net/english-news-1095796 -- © Copyright Thai News Agency 2023-01-17 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. Monthly car subscription with first-class insurance, 24x7 assistance and more in one price - click here to find out more! 1 3 Link to comment Share on other sites More sharing options...
Popular Post StayinThailand2much Posted January 16, 2023 Popular Post Share Posted January 16, 2023 And they can't wait for millions more Chinese to arrive... 6 2 1 15 Link to comment Share on other sites More sharing options...
Popular Post geisha Posted January 16, 2023 Popular Post Share Posted January 16, 2023 1 hour ago, StayinThailand2much said: And they can't wait for millions more Chinese to arrive... Bit of a difference between bona fide Chinese tourists and crooks isn’t there ?? 6 1 Link to comment Share on other sites More sharing options...
Popular Post Geoffggi Posted January 16, 2023 Popular Post Share Posted January 16, 2023 3 hours ago, webfact said: He said the payment format would use Chinese to Chinese system and the end of the transaction is unknown as the money can go back to China not in Thailand. They can also avoid tax in Thailand, he said. This is the normal way the Chinese operate ......................LOL 14 1 1 Link to comment Share on other sites More sharing options...
Elkski Posted January 16, 2023 Share Posted January 16, 2023 Headed to Siem Reap today. I hope we avoid the Chinese on this 3 day excursion. It seems like most tourists we have seen we guess are from Japan and Korea. 1 Link to comment Share on other sites More sharing options...
Popular Post ThailandRyan Posted January 16, 2023 Popular Post Share Posted January 16, 2023 1 hour ago, geisha said: Bit of a difference between bona fide Chinese tourists and crooks isn’t there ?? But the Chinese tourists use the Chinese owned businesses and so the money never stays in Thailand. 10 1 Link to comment Share on other sites More sharing options...
Popular Post Elkski Posted January 16, 2023 Popular Post Share Posted January 16, 2023 So wouldn't this apply to westerners too. Buying business in wife's name? 3 1 3 Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted January 17, 2023 Popular Post Share Posted January 17, 2023 5 hours ago, webfact said: The Royal Thai Police would join force with the agencies concerned to inspect and enforce the restrictions on foreigner-owned businesses in Thailand, according to the spokesperson of the Royal Thai Police, Police Major General Archayon Kraithong. So they want wealthy foreigners to invest in Thailand but have restrictions imposed... totally out of touch. 6 2 Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted January 17, 2023 Popular Post Share Posted January 17, 2023 19 minutes ago, ThailandRyan said: But the Chinese tourists use the Chinese owned businesses and so the money never stays in Thailand. Chinese visit Thailand, stay in Chinese owned accommodation, use Chinese owned retardants, buy Chinese goods in Chinese outlets. 6 1 Link to comment Share on other sites More sharing options...
klauskunkel Posted January 17, 2023 Share Posted January 17, 2023 5 hours ago, webfact said: The Royal Thai Police would join force with the agencies concerned to inspect and enforce the restrictions on foreigner-owned businesses in Thailand The RTP joins forces with the AIRFOB..., a force for good, a force to be reckoned with, a force of nature! AIRFOB - Agency to Inspect Restrictions on Foreigner-Owned Businesses 1 Link to comment Share on other sites More sharing options...
Popular Post ozimoron Posted January 17, 2023 Popular Post Share Posted January 17, 2023 42 minutes ago, Elkski said: So wouldn't this apply to westerners too. Buying business in wife's name? Why would it? She owns the business and pays the tax. 9 2 Link to comment Share on other sites More sharing options...
alex8912 Posted January 17, 2023 Share Posted January 17, 2023 1 hour ago, Elkski said: Headed to Siem Reap today. I hope we avoid the Chinese on this 3 day excursion. It seems like most tourists we have seen we guess are from Japan and Korea. You really have to " guess" the difference? Link to comment Share on other sites More sharing options...
ThailandRyan Posted January 17, 2023 Share Posted January 17, 2023 53 minutes ago, Elkski said: So wouldn't this apply to westerners too. Buying business in wife's name? That depends, is the wife operating the business and the westerner just managing it....like a bar, restaurant or bike rental agency....the money stays in the country however, unless of course the westerner sends it back to the west.....but then that's very doubtful. 1 Link to comment Share on other sites More sharing options...
rwill Posted January 17, 2023 Share Posted January 17, 2023 There was an article several years ago stating that up to 50% of the agriculture in Thailand was owned by Chinese nationals using Thai Nominees. Here in Ratchaburi I knew 2 chinese that ran businesses here. One was coming in on tourist visas. His business was getting free coconut husks from farmers and shredding them and sending it back to china. The other one would buy up fields of produce/fruits and send them back to china in shipping containers. He also a few years ago bought some land and was setting up a business making wood pellets to send to china. I haven't been in contact with them for a couple of years now though. Link to comment Share on other sites More sharing options...
mikebell Posted January 17, 2023 Share Posted January 17, 2023 1 hour ago, Elkski said: So wouldn't this apply to westerners too. Buying business in wife's name? Like companies to buy houses? Link to comment Share on other sites More sharing options...
ozimoron Posted January 17, 2023 Share Posted January 17, 2023 (edited) 4 minutes ago, mikebell said: Like companies to buy houses? No equivalence. In the wife's name, a Thai national owns 100% of the business. It's effectively a gift. Edited January 17, 2023 by ozimoron 2 Link to comment Share on other sites More sharing options...
mikebell Posted January 17, 2023 Share Posted January 17, 2023 4 minutes ago, ozimoron said: No equivalence. In the wife's name, a Thai national owns 100% of the business. It's effectively a gift. True. But - 'there are groups of Chinese people who are investing in Thailand via Thai nominees'. If the word Chinese was replaced by any other nationality, would this then apply to the house-buying company? Link to comment Share on other sites More sharing options...
ozimoron Posted January 17, 2023 Share Posted January 17, 2023 Just now, mikebell said: True. But - 'there are groups of Chinese people who are investing in Thailand via Thai nominees'. If the word Chinese was replaced by any other nationality, would this then apply to the house-buying company? That is exactly the type of construct that the police are going after. Yes, I believe it would. Link to comment Share on other sites More sharing options...
Mad mick Posted January 17, 2023 Share Posted January 17, 2023 (edited) Thats eveyone who's not;! chinese or belong to ccp crime organizations are the excption to all rules inclusive of visas Edited January 17, 2023 by Mad mick Link to comment Share on other sites More sharing options...
Popular Post John Drake Posted January 17, 2023 Popular Post Share Posted January 17, 2023 (edited) 4 hours ago, Geoffggi said: This is the normal way the Chinese operate ......................LOL This is exactly how northern Laos essentially became annexed and how Cambodia is following the same pattern. Chinese come in and ignore local laws and rules. Just do as they please, while building their own infrastructure. Eventually, a state within a state, and the entire geographic entity then falls into their lap without a shot being fired. Edited January 17, 2023 by John Drake 3 1 Link to comment Share on other sites More sharing options...
Reigntax Posted January 17, 2023 Share Posted January 17, 2023 4 hours ago, geisha said: Bit of a difference between bona fide Chinese tourists and crooks isn’t there ?? Yes. The crooks don’t follow a guide carrying a flag on a pole and probably don’t do their own clothes washing……. In the hotel swimming pools 2 Link to comment Share on other sites More sharing options...
bangon04 Posted January 17, 2023 Share Posted January 17, 2023 38 minutes ago, John Drake said: This is exactly how northern Laos essentially became annexed and how Cambodia is following the same pattern. Chinese come in and ignore local laws and rules. Just do as they please, while building their own infrastructure. Eventually, a state within a state, and the entire geographic entity then falls into their lap without a shot being fired. Link to comment Share on other sites More sharing options...
Popular Post Roel Posted January 17, 2023 Popular Post Share Posted January 17, 2023 2 hours ago, ozimoron said: Why would it? She owns the business and pays the tax. Besides that these businesses are usually not the huge Gems or Latex castles nor tour companies who own over a hundred mini-busses and coaches and dozens of speed boats. 4 1 Link to comment Share on other sites More sharing options...
Thingamabob Posted January 17, 2023 Share Posted January 17, 2023 8 hours ago, geisha said: Bit of a difference between bona fide Chinese tourists and crooks isn’t there ?? Not a lot.... 2 Link to comment Share on other sites More sharing options...
austhai Posted January 17, 2023 Share Posted January 17, 2023 Load of rubbish. There are no foreign owned entertainment venues. It would be a Thai Company that owns it. I may have foreigners as shareholders to the value of 49% but thats it. Try looking at illegally owned places without licenses. 1 1 Link to comment Share on other sites More sharing options...
placnx Posted January 17, 2023 Share Posted January 17, 2023 8 hours ago, Elkski said: Headed to Siem Reap today. I hope we avoid the Chinese on this 3 day excursion. It seems like most tourists we have seen we guess are from Japan and Korea. If the Chinese arrive at Angkor temples by the busload as they were doing when I was there is 2015, you have to get up around 5 AM and finish your touring of popular sites by 8:30. Then continue at sites not visited by them. Link to comment Share on other sites More sharing options...
placnx Posted January 17, 2023 Share Posted January 17, 2023 44 minutes ago, austhai said: Load of rubbish. There are no foreign owned entertainment venues. It would be a Thai Company that owns it. I may have foreigners as shareholders to the value of 49% but thats it. Try looking at illegally owned places without licenses. The article mentioned nominees (who front for foreigners). 1 1 Link to comment Share on other sites More sharing options...
ThailandRyan Posted January 17, 2023 Share Posted January 17, 2023 1 hour ago, austhai said: Load of rubbish. There are no foreign owned entertainment venues. It would be a Thai Company that owns it. I may have foreigners as shareholders to the value of 49% but thats it. Try looking at illegally owned places without licenses. Did you loo at the title of the OP, they are discussing companies that look legal but are only listed as being owned by a Thai but are actually run by others who are not Thai.....illegal to use a Thai to buy or make a business if they are not actually involved ie....Nominee. 1 Link to comment Share on other sites More sharing options...
MRMOUSE Posted January 17, 2023 Share Posted January 17, 2023 9 hours ago, Elkski said: So wouldn't this apply to westerners too. Buying business in wife's name? or a house in a company name with unknown shareholders? Link to comment Share on other sites More sharing options...
fusion58 Posted January 17, 2023 Share Posted January 17, 2023 12 hours ago, Elkski said: Headed to Siem Reap today. I hope we avoid the Chinese on this 3 day excursion. It seems like most tourists we have seen we guess are from Japan and Korea. My last trip to SR was in 2015, and the place was overrun by the same social retards who amass at places like King Power. Haven’t been back since. YMMV. Link to comment Share on other sites More sharing options...
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