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BANGKOK 15 November 2018 17:55


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  1. All these posters certainly gave me something to think about. I think i've got one advantage and that is that i got a Thai friend whom i dearly trust. We've already got few businesses together in the west so why not create another one in Thailand. Every post gave me the impression that everyone wants to screw you over in Thailand. You can trust no one and if you do trust someone, be ready to get screwed over. We're both quite annoyed by the corruption and the laws. Specially because we foremost try to be good men and having so much corruption makes everything toxic. My conclusion: There are a lot of red flags here but that's what we expected from a developing country. What i like about developing countries is that there is always so many things to do, so many opportunities, so many things in which they can improve in and we can help. Is it still possible to invest/create businesses? Certainly but be very cautious. The focus of wealth is certainly in Bangkok metropolitan area but i would like to provide work opportunities for locals, professionalism, careers, insurances and more in less known area's so we can all grow in good ways.  What i need to know before i can continue: - Do i have to pay someone under the table in order to invest and create businesses? - Whom can i trust other than my friend and business partner? - Where are the good lawyers? - Thai laws: Inheritance Laws, foreign possession laws, etc. - What kind of contracts are there in order to legally secure my possessions? - etc.
  2. Are they really going through with it? Cause it doesn't make sense from an economic standpoint. It's just going to cause a lot of misery which will benefit no one.
  3. I guess that if i marry a Thai and we have kids, the kids get Thai citizenship. The 49% limit doesn't matter if all goes well. The problem is what happens if we divorce or my kids are unworthy of receiving anything i've worked for. I do not know why but the word Farang always sounded to me as an insult. Is it just me or? I had to laugh at your choice of words. ?
  4. The only reason i would invest in real estate is because i want to grow and build into that place. To be connected to that place, to have a home for generations long and to have it secured against any claims. Any businesses that i would create in a non-developed country is to provide work opportunities for locals, professionalism, careers, insurances and of course money so we can all grow in good ways.
  5. I certainly do understand and have had Thai people explain it to me. But doesn't that go for any country? If i have had a bike rental for more than a decade and then some <deleted> foreigner comes next to me with newer bikes and cheaper prices. Yes, i would certainly get pissed. Now, in what way do Thai people react to competition? Are there any documented cases of foreigners being hurt in any shape or form with business related issues? The Thai people to whom i've spoken to, told me not to mess with anyone if it creates any competition because the Thai businesses are usually involved with the "mafia". But like i said before, any businesses that i would setup will probably not cause any competition and it's merely used to secure a future for myself in Thailand, the people working and the environment. I would have a hard time of thinking why anyone would want to shut me down unless it is for jealousy. Now i often ask questions to whom i know the answers to cause maybe there might be something that i missed or maybe there is more about it than i thought. Oh yeah, since i'll always own less than 50%, any businesses created in Thailand are mainly owned and operated by Thai people. So there is always going to be a fight between Thai people.
  6. "Don't compete with the locals." I can't tell you how many times i have heard that line. Why not? Is that only for foreigners? Can you compete if you're Thai?
  7. I never said i was and that's not the point but thanks for contributing to the thread..
  8. That makes sense but perhaps, if the money is there, i could buy off some government officials to be able to fully own something.
  9. How would that work exactly? With Alibaba extending to Thailand since 51% needs to be in hands of a Thai person.
  10. I was hoping that someone could give me another viewpoint. Is this really it or are there different ways of doing so? I have a great idea and i invested millions and a lot of time into creating something that benefited Thai people and their country but yet, i only own 49% of it, like it's some public company on the stock market. Hey, invest in my country with your money, with your time but you can only own less than half of it. Growing up with Thai people gives you a small sense of how Thai people live. With investing, i mean investments with 6/7 figures. Like i said before, i want to invest in creating a better economy and environment. That could mean creating a shoe factory with 30 employees that have good pay and extra benefits like insurance. But only owning 49% is disturbing. So i don't really understand how Thailand is attracting foreign investors.
  11. I've grown up with a Thai. All my life i've known Thai's to be friendly, polite and happy. I've traveled to Thailand so many times that i've lost count. I would say, it was love at first sight. But as an investor, something is holding me off. While i would love to spend the rest of my days in Thailand and invest money and time in building a better economy and environment, not having full ownership is disturbing. So why should i invest in a country that does not allow a foreigner to have full ownership of any land/building and business? How does Thailand attract foreign investors?