Thread: the move
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Old 05-09-2006, 12:54
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LivinLOS LivinLOS is offline
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Join Date: Jun 2004
Location: Phuket
Age: 35
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Quote:
Originally Posted by frozen dozer View Post
hello all

I have a business Idea that I would like to pursue and have found a great lady who has the education and ambition to make it work out. This is were my delima starts out.

May I ask is this lady also emotionally / romantically involved with you.. If so do not make her part of the company (shareholding) and probably best not to be involved in running it truth be told. I have lost count of how many guys I personally know who have lost thier life savings in a year or two of doing business with thier spouses. Separate heart and finance.

Please say its not a bar or resturant..

Quote:
What type of visa do i need. I am not able to work in this business, other then do the books, so the majority of the business will be don by my TG. I would be happy to live as a permant tourist if that is the simplest.

Many ways to skin a cat..

Non Imm B visa with a work permit (2m paid up capital.. 4 thai staff.. Taxes beinbg paid) is the legal way..

Non Imm B but not actively working in the job and doing 90 day visa runs is the grey way.

Tourist visa's is the black way..

Quote:
When i was in phuket the second time i met some of the expat locals and say that there investment appeared to be below the minnimum that i have been reading about. The level of investment i have is limited as well, how do i bring the money into the country, or can i just withdraw the money from the ATM machine? Does the amount brought in have an influnce on the visa type applied for?

Bringing it in is easy.. Getting it out is less so.

I have never taken money out of Thailand (that says a lot !!) but I am told you need a tor tor 3 form (proof of sending money into the country) showing the money was transfered in or a recent fully paid up income tax statement covering the money is needed for large outbounds.. No experience actually doing it.

You can withdraw money from the aTM but with a 20k baht withdrawing limit (thats the thai machine limit) the costs would all start to make that a very bad idea I would think.

With 3 million baht invested (condo or gov bonds) you get a special investor visa.. 40m baht invested does the same and speed processes permanent residency.

Quote:
Can a non resident purchase an interest in a ltd partnership?

yes up to 49%

Quote:
How do i get a thai drivers licence or will my canadian liceance be ok?
Can i buy a scooter and register it there?

Get an IDP (not IDL) before you come.. That can be converted into a Thai DL once here without taking the driving test (which is a joke anyway).. An IDP is good enough though. Even just using your canadian is ok for most police stops but usually leaves you uninsured.
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