Starting a Business vs Buying a Business

February 3 2012 Categories: Doing Business In Thailand, Thailand Business No comments yet

A client just asked me whether he should start a new business or buy an existing business. He is thinking to invest in restaurant business and found a restaurant for sale at 4,000,000 THB, which restaurant comes with a work permit and a company.

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Doing Business in Thailand: Comparing 1997 to 2008 crisis

February 3 2012 Categories: Doing Business In Thailand, Thailand Business No comments yet

Note: This post is not entirely new. This subject was first posted as a Page called “Thailand Ratings”. I’m about to modify the look of the blog and decided that some of the subjects discussed in pages would now be treated as a post. Of course I updated the content of this post to reflect the current situation.

As we all know, Thailand was one of the victims hit hardest by the 1997 crisis, and many of Thailand’s top developers and financial institutions were bankrupted by the crisis.  Earlier in 2009 I was asking whether the 2008 financial crisis would see Thailand revisiting the troubles of 1997.

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Originally posted 2009-10-10 07:20:10.

Social Security Reduced Rates

February 3 2012 Categories: Doing Business In Thailand No comments yet

Please be reminded that as a result of the damages resulting from the flood the government has temporary reduced the social security contributions due by employers and employees. I take this opportunity to remind you that social security contribution are calculated on a salary from 0 to 15,000 THB per month and that the part of the salary in excess to 15,000 THB is not take into account.

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Doing Business in Thailand: The Nominee Issues (Part 2)

February 1 2012 Categories: Doing Business In Thailand, Thailand Business No comments yet

Note: This post is not entirely new. This subject was first posted as a Page called “Nominee Issue”. I’m about to modify the look of the blog and decided that some of the subjects discussed in pages would now be treated as posts. Of course I updated the content of this post to reflect the current situation.

This post is a continuation of my previous post on the nominees issue and i will try here to explain how  does one make the distinction between a real shareholder on a nominee.

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Originally posted 2009-10-13 03:15:26.

Doing Business in Thailand: Is it a developed and safe country?

February 1 2012 Categories: Doing Business In Thailand, Understanding Thailand No comments yet

Is Thailand a safe country?

Yes. Thailand has low violent crime statistics compared to other countries such as France or the US. Of course, violence does exist but is not often directed at foreigners. While there are from time to time crimes against foreigners, they are still rarer than in your homeland and when foreigners do get into trouble, they, often bring it upon themselves.

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Originally posted 2009-07-23 13:06:14.

Starting a Business in Thailand (4): Land Development

February 1 2012 Categories: Doing Business In Thailand, Thailand Business No comments yet

Land Development is an activity that attracts many foreign investors in Thailand. I often wonder why because it is really a tricky activity to invest into if you are a foreign investor for several reasons as follows:

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Originally posted 2009-11-10 06:17:05.

Starting a Business in Thailand (1): The basics

February 1 2012 Categories: Doing Business In Thailand, Thailand Business No comments yet

They are more than a few Tom, Dick and Harry that come to do business in Thailand armed with a “colonial” false sense of superiority. This is a mistake, even if Thailand did not yet achieve European, Japanese or US standards in all matters do not be mistaken about it. Thailand is a developed country. At least economically, politically that is a story for another day.

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Originally posted 2009-11-03 08:15:01.

Starting a Business in Thailand (3):Bar Business

February 1 2012 Categories: Doing Business In Thailand, Thailand Business No comments yet

Our  American cousins have what they call the American Dream” first expressed by James Truslow Adams in 1931, citizens of every rank feel that they can achieve a “better, richer, and happier life” (Source Wikipedia) meaning that anyone has a chance to become one day another Bill Gate. In Thailand we have another dream, far more modest; it is called the “Bar Owner” dream or the Bar Owner illusion to be more accurate.

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Originally posted 2009-11-06 05:07:54.

Doing Business in Thailand: Local Corruption Barometer

January 30 2012 Categories: Doing Business In Thailand No comments yet

According to the Bangkok Post, Assumption University and the Public Sector Anti-Corruption Commission have jointly polled 2,129 people on the issue of corruption in Thai society.Hopefully, the entire results of this survey will be published soon, but some interesting elements of the survey have already been revealed by the Bangkok Post.

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Originally posted 2009-11-20 10:24:24.

Doing Business in Thailand: Living in a state of sin

January 28 2012 Categories: Doing Business In Thailand, Thailand Business, Thailand Foreign Business Act No comments yet

“So when the woman saw that the tree was good for food, that it was pleasant to the eyes, and a tree to be desired to make one wise, she took of its fruit and ate. She also gave to her husband with her, and he ate.” (Gen3:6).

 

This extract of the genesis sum up the story of foreign investment in Thailand.

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Originally posted 2009-08-17 06:51:07.