Thailand FAQ: Elite Card | Going on the Auction Block?

May 24 2010 Categories: Thailand FAQ one comment

The Cabinet has decided. Elite Card and its Members will go on the auction block. At least this is the solution that has the preference from the government. Now the question is will there be a buyer? Cause the economic model of the Elite Card does not seems to be a success. I mean Elite Card was supposed to attract 200,000 members in the first year but it only attained 2570 members over a 5 years period. Obviously Elite Card is a failed concept and project therefore what next?

Read more…

Originally posted 2009-11-18 03:30:20.

pixelstats trackingpixel

Thailand Property: What is a Por Tor Bor Ha?

May 24 2010 Categories: Property General Issues, Thailand Property No comments yet

You cannot have followed Thai news for the past 3 weeks and not have read about the problem faced by General Surayud (former Thai Prime Minister and Member of the Royal Privy Council) in relation to his Khao Yai land.

Read more…

Originally posted 2010-01-21 09:35:01.

pixelstats trackingpixel

Buying a Business In Thailand – The Due Diligence

May 24 2010 Categories: Doing Business In Thailand, Thailand Business No comments yet

This post is the second post of a series dedicated to the issues to take into consideration when buying a business. Today we will discuss the matter of due diligence.

Read more…

Originally posted 2009-09-09 04:26:16.

pixelstats trackingpixel

Thai Police: It takes two parties to an act of corruption

May 24 2010 Categories: Understanding Thailand No comments yet

 

Today in the Bangkok Post Bag, Richard a foreign tourist that has just spent 5 weeks driving around Thailand and covered 4,000 kilometers is complaining of having been arrested 8 times by Thai police for various traffic offences but having only one time paid a legitimate fine. Richard is according to his own words “disgusted” by Thai police and I’m “disgusted” by Richard hypocrisies.

Read more…

Originally posted 2009-08-19 06:22:41.

pixelstats trackingpixel

Thailand Property: Nominees under watch

May 24 2010 Categories: Land Ownership, Property General Issues, Thailand Property No comments yet

There have been a lot of activities on the “nominees” front lately. It is an issue that resurfaces from time to time. Lately there has been the scandal of foreigners purchasing farm land through the cover of companies that have shareholders that may be deemed “Thai nominees”. This morning in the Bangkok post an article was published under the title “Nominees Ownership under watch”.

Read more…

Originally posted 2009-08-25 12:37:59.

pixelstats trackingpixel

Thai Airways: Ridicule does not kill But Old Planes Do

May 24 2010 Categories: Understanding Thailand No comments yet

To start the year with a smile Thai Airways Board is fortunate that ridicule does not kill otherwhise it would have been decimated which would have been sad those guys that have given us so many reasons to laugh recently.

Read more…

Originally posted 2010-01-05 07:26:01.

pixelstats trackingpixel

Buying Property: Is it the right time to buy?

May 24 2010 Categories: Property General Issues, Thailand Property No comments yet

To buy or not to buy in Thailand?

This is one of the questions that many careful investors are asking now.

Of course due to what happen in Thailand in 1997 where many banks and developers went bankrupt and where hundreds of buildings where left unfinished a lot of buyers are wondering whether it is the right time to buy a property in Thailand?

Read more…

Originally posted 2009-07-25 23:54:08.

pixelstats trackingpixel

Thailand FAQ: Elite Card | The Bickering Started

May 24 2010 Categories: Thailand FAQ No comments yet

How much is the Elite Card Business worth? ThailandPrivilegeCards or TPC is worth two to three billion THB (60 to 90 million USD) if you believe the Finance Ministry estimation.

Read more…

Originally posted 2009-12-17 11:11:58.

pixelstats trackingpixel

Corporate: Incorporating a Thai Company Step by Step

May 24 2010 Categories: Thailand Business, Thailand Company Registration No comments yet

Why review the private limited company set-up?

The private limited company is the legal vehicle that is the most commonly used by foreign investors in Thailand that is why we will review hereinafter the formalities of registration of a private limited company.

Read more…

Originally posted 2009-07-24 11:17:21.

pixelstats trackingpixel

Thailand:Labor protection

May 24 2010 Categories: Doing Business In Thailand, Thailand Business No comments yet

How well are Thai employees protected in Thailand?

Yes they are well protected by the Labor Protection Act (1998) that applies to all businesses with at least one employee and which provide sanctions for employers who disregard the law.

The Labor Protection Act has been recently amended and the new amended act has been enforced in 28 May 2008. The new Act contains provision to protect indirect or outsourced workers and to empower the Courts to order an amendment of employment contracts, work rules, regulations or orders that are not fair.

Read more…

Originally posted 2009-08-06 03:09:51.

pixelstats trackingpixel

Thailand Taxes: Managing Tax Audits (part 1)

May 24 2010 Categories: Thailand Taxes No comments yet

In this post I will try to give readers a few tips on how to manage Tax Audits. I guess that readers would prefer tips on “how to avoid a tax audit”. Unfortunately, in Thailand, you cannot avoid tax audit. To the contrary, you may expect regular mandatory visits from the Tax Administration.

Read more…

Originally posted 2009-10-08 05:12:15.

pixelstats trackingpixel

Starting a Business: Cost of Social Security Contribution

May 24 2010 Categories: Doing Business In Thailand No comments yet

Any employees between 15 to 60 years old and their employers must make monthly contribution to the social security. Now what are the exact costs of social security in Thailand?

Read more…

Originally posted 2009-12-13 09:45:23.

pixelstats trackingpixel

Buying a Condominium: Issues applicable to married buyers

May 24 2010 Categories: Condominium Ownership, Thailand Property No comments yet

If you are married, you have two options when buying a condominium freehold in Thailand. You may either wish to buy the condominium in co-ownership with your foreign or Thai spouse or you may purchase it solely under your name by fulfilling some simple requirements. What you cannot do is to lie about your marital status in order to purchase a condominium in sole ownership while married

Read more…

Originally posted 2009-08-20 05:25:22.

pixelstats trackingpixel

Doing Business in Thailand: Dealing with Thai People

May 24 2010 Categories: Thailand Business, Understanding Thailand No comments yet

Should you be wary to do business with Thai people?

Not really because Thai people are honest. There are always exceptions of course but as a foreigner coming to do business in Thailand you have to be more wary of citizens from your own country than from Thais.

Read more…

Originally posted 2009-07-24 04:10:21.

pixelstats trackingpixel

Understanding Thailand: Getting yourself out of trouble (1)

May 24 2010 Categories: Understanding Thailand No comments yet

One of the interesting aspects of blogging is that I can see the Google searches that bring readers to my blog. Today a reader had a query which read “how to efficiently bribe Thai Police?”. Now, I don’t know about you but when I read this kind of query I cannot help but guess that someone is in trouble and expect to get out of it through the help of a bribe.

Read more…

Originally posted 2009-12-03 12:50:50.

pixelstats trackingpixel

Selling a Condominium: How is the Withholding Tax Calculated?

May 24 2010 Categories: Condominium Ownership, Thailand Property No comments yet

If you are an individual and are selling a real estate property in Thailand you will be liable to pay personal income tax on the gain you will realized on the transaction at the time of the transfer at the Land Department. Now how does the Land Department Officer actually calculate the withholding tax payable by individual Sellers?  Read more…

Originally posted 2009-12-09 09:26:58.

pixelstats trackingpixel

Thai Politic | When Amorality is Celebrated!

May 24 2010 Categories: Understanding Thailand No comments yet

I have been following Thai politics for a few years and I learnt not to be surprised anymore by the antic of Thai politicians reported daily by Thai press.

Read more…

Originally posted 2010-01-30 01:42:33.

pixelstats trackingpixel

Thailand Taxes Reporting Requirements and Sanctions

May 24 2010 Categories: Thailand Taxes No comments yet

Why Focus on this Subject?

Yes I know this matter is boring and you may wonder why to include it in this blog. When arriving in Thailand you will meet other foreigners who will tell you how easy it is to do business in Thailand. They will tell you that

you don’t need to paid up the capital of your company” or

“you don’t need to keep accounting records” or

“you don’t  need to pay taxes” or

“you can keep double  accounting” and so on.

Read more…

Originally posted 2009-07-25 07:39:25.

pixelstats trackingpixel

Doing Business in Thailand: Thai Friends

May 24 2010 Categories: Understanding Thailand No comments yet

Do Thai value friendship with foreigners?

Generally they do but while Thais can seem very friendly at first understand that it is only an appearance. Friendly attitude is as much a part of ‘Thainess’ as the respect for authority.

Real friendship demands more than just a smile. You must be careful that things are not always what they seem.

Read more…

Originally posted 2009-08-12 13:17:13.

pixelstats trackingpixel

Thai Corporate Documents – The Articles of Association

May 24 2010 Categories: Doing Business In Thailand, Thailand Business, Thailand Company Registration No comments yet

 

 

This is the third of a series of posts about Thai private limited company corporate documents translated in English.

The articles of associations of your company are another important corporate document of your company. As a matter of fact the decision on the content of the company articles of associations is actually taken during the statutory meeting.

Read more…

Originally posted 2009-09-07 10:22:26.

pixelstats trackingpixel

Buying Property: The Rene Philippe Developer Test

May 24 2010 Categories: Property General Issues, Thailand Property No comments yet

[There was a formating problem in our Sunday post. I reposted it again]. People purchasing real estate in Thailand are often fulfilling the goal of a lifetime. In the pursuit of their life dream they will often toss caution to the wind, lose all common sense and ignore some simple precautions.Truth is that the actual formalities to transfer a real estate property are fairly straight, simple and may be completed in a few hours which leads many buyers to believe that purchasing a property in Thailand will be a simple transaction when it is not always the case.  [ this post was published earlier as a page. We updated it and republished it as a post].

Originally posted 2009-10-19 03:05:09.

pixelstats trackingpixel

Understanding Thailand: Getting yourself out of trouble (2)?

May 24 2010 Categories: Understanding Thailand one comment

As I was saying in my previous post, it is a simple statistical matter that some of my readers will run into trouble of one sort or another when in Thailand. So can you count on your Embassy to help you if you are in deep trouble?

Read more…

Originally posted 2009-12-04 03:13:01.

pixelstats trackingpixel

Buying Land and House: What and Where to Buy?

May 24 2010 Categories: Property General Issues, Thailand Property No comments yet

 

In yesterday post we discussed Bangkok condominium market. Now what is Bangkok new homes market situation?

Read more…

Originally posted 2009-08-27 10:40:41.

pixelstats trackingpixel

Buying a Business in Thailand – General Issues to Consider

May 24 2010 Categories: Doing Business In Thailand, Thailand Business No comments yet

I  have made a lot of posts about starting a business in Thailand but I never discussed the issues that need to be addressed when buying a business. In this post I will first address some general issues to consider before buying a business in Thailand

Read more…

Originally posted 2009-09-08 09:45:55.

pixelstats trackingpixel

Ridiculous Thailand: The 3G license drama (3)

May 24 2010 Categories: Understanding Thailand No comments yet

So, the mountain labored and brought forth a mouse, and after a lot of declaration of the contrary the NTC will not auction the 3G licenses before the end of the year. History has repeated itself (please see my previous post on the subject “Ridiculous Thailand: The 3G license drama (2)”). The NTC already did it in 2006 announcing that the 3G licenses would be issued within the end of year 2006 and they were not, and they will not be issued by end of 2009. What next then? Will we have to wait another 3 years before something happen again on this front. I mean some countries are already experiencing with 4G now.

Read more…

Originally posted 2009-11-07 11:40:27.

pixelstats trackingpixel

Thailand Visas: The 90 Days Visa Reporting Requirement

May 24 2010 Categories: Thailand Visas, Thailand Visas & Work Permit one comment

Section 37(5) of the Immigration Act B.E is anorther disposition that gets a lot of foreign citizens in trouble. To sum it up it requires that any foreigner who is permitted to stay in Thailand temporarily is required to report to the Immigration Department to confirm his/her residential address upon completion of every 90 days period of stay.

Read more…

Originally posted 2009-12-10 07:27:57.

pixelstats trackingpixel

Thailand Property: Land Rights Classification: General Issues

May 24 2010 Categories: Property General Issues, Thailand Property No comments yet

In Thailand claims on land may be divided in two categories: The major and the minor claims. In this post we will introduce the highest claims on land that are the Nor Sor Sam or Certificate of Use (NS-3), the Nor Sor Sam Gor or Confirmed Certificate of Use (NS-3K) and the Chanote (NS-4) claims.

Read more…

Originally posted 2009-09-14 02:59:08.

pixelstats trackingpixel

Work Permit:Working With No Work Permit|The Denunciation

May 19 2010 Categories: Thailand Visas & Work Permit, Thailand Work Permit No comments yet

If you are working without a work permit the first thing you must understand is that you are at risk of a control either from the Labor Officer or the Immigration Officer.

Read more…

Originally posted 2009-11-25 04:22:54.

pixelstats trackingpixel

Reminder: Speech at the Arnoma Hotel

May 19 2010 Categories: Thailand Business No comments yet

Dear Readers, for those of you in BKK I will be given a speech on Wednesday 28  2009 at 15:15 pm at Arnoma Hotel Bangkok on “Laws and Regulations Related to Trans-national Real Estate Investment” during “The 4th CERTIFIED INTERNATIONAL PROPERTY EXPERT (CIPE)” workshop organised by the Thai Appraisal Fundation. To register please follow this link:

http://www.thaiappraisal.org/english/international/cipe.php

Yours Sincerely Rene Philippe

ShareThis

Originally posted 2009-10-27 04:59:56.

pixelstats trackingpixel

Thailand Property: Land Rights Classification: Major Claims

May 19 2010 Categories: Property General Issues, Thailand Property No comments yet

In the following section, we’ll review the differences between the three higher claims from the lowest to the highest.

Read more…

Originally posted 2009-09-15 02:23:39.

pixelstats trackingpixel