Weekly Column

Business News

Sunbelt Asia Weekly Column 20 October 2017

Sunbelt Asia Weekly Column


20 October 2017

Bringing in seed from overseas

Question 1:
I have a usufruct on land in Thailand. I wish to bring some lawn seed in to the country. I have used local seed and turf to try to keep a lawn good all year round where I reside here, but to no avail. Is it possible for me to import in to Thailand a non-invasive Australian government approved seed for this purpose? If yes, what protocols would I need to follow?

Sunbelt Asia Legal Advisors responds:
If it's just for a personal use then it is important to check with the Customs Department first on what is the amount allowed into the country for personal use. Sunbelt Asia Legal Advisors can assist you in dealing with the Customs Department to find this information.

What happens to the spouse on a dependent visa if the primary visa holder passes away

Question 2:
I have some friends, both Australian, who are married and living here on the retirement visa. The husband recently passed away, and the wife is under 50. I believe she 'piggy-backed' on his visa, so I’m wondering how his death will affect her right to stay in Thailand, at what already is a very difficult time for her.

Sunbelt Asia Legal Advisors responds:
If the primary retirement visa extension holder passes away the spouse on the dependent visa will lose their visa and has 7 days to leave the country and obtain a new visa. It is important to remember that when the spouse dies the Thai bank accounts in his name are frozen and the dependent will be unable to access them unless the primary spouse has written a will and named an executor. Once the remaining spouse has access to the funds they can then transfer those funds to a bank account in her name and apply for the retirement visa on her own merits.
This is why it is so important for expatriates in Thailand to have a will in place covering assets in Thailand. Sunbelt Asia Legal Advisors has extensive experience in handling these issues with Immigration and in drafting wills so that the remaining spouse is not left in dire financial straits with no ability to obtain a visa in a timely manner.

Obtaining BOI status and work permit on Thailand Elite Visa

Question 3:
Can a holder of a Thailand Elite Visa (original lifetime version) qualify for BOI Investments (background in hospitality) and receive a work permit, as well, please?

Sunbelt Asia Legal Advisors responds:
Every entrepreneur with a qualified business project can apply for BOI privileges. The current type of visa has no effect on the decision of the BOI department. However, once privileges are granted then you will have to change to a Non-Immigrant Business visa to apply for a work permit. Sunbelt Asia Legal Advisors can assist you with the BOI process, visa and work permit. If you have any questions, feel free to contact us for an initial consultation.

House registration book in ex-girlfriend’s name

Question 4:
I have owned a condo in Bangkok for approximately 10 years, the chanote is in my name. My ex-girlfriend's name is on the tabian baan blue book. Her name is the only name in the book. We broke up a number of years ago but remain friends. At the time I forgot to get her to remove her name from the book. I have recently been getting debt recovery letters from two of her historic creditors (a student loan and a defaulted phone contract). She currently is married and lives in Europe and has said she will remove her name from the blue book when she is next back, but this isn't planned for a couple of years. My questions are:

1. Can the creditor make a claim against my property for her debt?
2. Can my ex-girlfriend remove herself from the blue book while out of the country? She is willing to sign what is needed?
3. Can I forcibly remove her from the blue book?
4. I would also like to get a yellow foreigner tabien baan book for myself. Can I do that whilst she is on the Thai version?
5. Is there a problem of her being on the tabien baan if I decide to sell my condo?

Sunbelt Asia Legal Advisors responds:
To cover your questions in order:
1. The name in a tabian baan doesn't provide any rights on a property. Only the name in the Title Deed does. Debt letters were sent according to her present house registration.

2. She can't remove her name from the tabian baan or house registration book from outside the country as it has to be done in a district office. She will also need to register a new address in another tabian baan.

3. Sunbelt Asia Legal Advisors has never heard of anyone doing this, it seems unlikely that it is possible.

4. Yes, you can apply for a yellow tabian baan yellow book either with her name on the Thai blue book or not.

5. Although her name on the tabian baan does not affect the sale legally the new owner may be unwilling to purchase a condo that has the name of someone living outside the country on the book and who may not be coming back. If you have no plans on selling then the best course of action would be to wait for her to return and remove herself from the tabian baan.




Sunbelt Asia offices will be closed Thursday, October 26

We at Sunbelt Asia would like to express our condolences to the Kingdom of Thailand and to the Thai people as the funeral of His Majesty King Rama IX approaches. The funeral will be held on Thursday, October 26 - a day of national mourning which will see shops, malls, government offices and businesses close to pay respect to this great king and to give the Thai people the opportunity to bid him farewell.

His Majesty King Rama IX was devoted to his country and to his people. A true Renaissance man; he was a scientist, a musician, and a tireless campaigner for improving the lives of the Thai people.

His Majesty King Bhumibol Adulyadej created the Royal Projects to give poor farmers and mountain people the ability to grow cash crops and create their own handicrafts without a middle man taking much of the profit. In the highlands it gave mountain residents a chance to move away from growing illicit drugs to growing cash crops and reaping the economic benefits of independence.

He pioneered the idea of a sustainable sufficiency economy years before others saw the benefits, he understood that for a country to truly prosper unlimited growth was not healthy. Also ahead of his time, he was green because he saw the importance of healthy alternatives for growing crops.

His Majesty promoted education around the country and believed that the key to Thailand's development was in the education and health of all of its people, he worked to ensure that even the most remote villages had education opportunities. He was a strong believer in lifelong learning and developed the "learn wisely" method; that is, to study for wisdom, learn what can be of real use with no harm, do a thorough study of the subject in an impartial manner without bias.

His Majesty King Rama IX was a scientist with over 20 patents, he patented rain making techniques, and he patented a technique to convert palm oil to bio diesel. His scientific accomplishments were many and all done to improve the lives of the people of Thailand. He was a brilliant musician, composing many wonderful jazz pieces, and had many famed jazz musicians come and join him in performing his pieces including jazz greats Benny Goodman, Stan Getz, Lionel Hampton and Benny Carter. He composed a total of 78 songs over a period of five decades. In 1964, the Academy of Music and Dramatic Arts in Vienna named the king an honorary member _ the first Asian composer to be granted the honor.

He was a keen animal lover and did much to promote Thai breeds of dogs over the more popular imported breeds. In fact, his New Year's photo was often of him and his favorite dogs.

He was a devoted husband and father and lived his life with integrity and honesty. He was a role model for not just the people of Thailand but of the world.

His Majesty once said, "Integrity is the root of all good things. This is something that should be taught to our children to promote their growth into a good person with a life that is full of prosperity and stability."

He was a humble man, saying, "The prosperity and happiness of the nation and the people are not the achievement of any single person - it is a cooperative effort."

We at Sunbelt Asia agree, we must all work together for the Kingdom of Thailand and we join the nation in mourning the loss of our beloved King Bhumibol Adulyadej.

Business news on Sunbelt Asia


Special offer on serviced offices for October!!

Starting October 1 we have two types of serviced offices available at a special promotional offer

Office with space for two staff at 9,500 baht a month
Office with space for three staff at 11,000 baht a month
-------------------------------
Happy anniversary from all of us at Sunbelt Asia!!

A "Thank you" gift for our clients new and old!


Sunbelt Asia has been offering our excellent service to our clients for 15 years! As our 15th anniversary gift we would like to offer our professional services on retirement and marriage visa extensions at the very special reduced rate of 7,500 baht as a thank you to our clients new and old for their support over the years.

-------------------------------

Sunbelt Asia Legal Advisors can handle all your legal and business needs; from visas to work permits, prenuptial agreements to divorces, condo purchases and wills.

Be sure and contact our English speaking legal advisors for all your legal needs

--------------------------------

We at Sunbelt Asia see many of our clients regularly ask us legal questions regarding living and running a business in Thailand. To help out we have set up a FREE Expert Answers for Your Questions in Thailand Facebook page; Sunbelt Asia Facebook Expert Advice Page

-------------------------------

  

Restaurant on ground floor of Asoke area hotel

Just off Asoke Montri Road and near Terminal 21, Health Land and many office buildings and hotels this restaurant is on the ground floor of a hotel and has a booming lunch trade and is very popular with the locals in the area as well as tourists.

The restaurant can seat 85 people comfortably and a classically decorated private ventilated cigar room or VIP room. There are 7 full time staff with excellent team work, and food and beverage contracts with the hotel in the same building or provide breakfast service and room service offering a guaranteed income every month.

There is a cool room which stores wine and beer kegs, new kitchen equipment including charcoal grill, wok stove, oven, deep fryers, cooker, refrigerators and freezers included in the sale price. Rent on the 280 sqm space runs 155,000 a month with no key money. The lease runs until 2022 with a fixed rate. All construction maintenance is supplied and paid for by the hotel above.The website, email, Instagram, Facebook page (15k followers) are all included in the sale.

Total income is around 400,000 - 500,000 baht a month but can go higher with an owner with more time to spare for the business. The owner doesn't have time to manage the business and so is looking to sell the business.

ASKING PRICE: 5 million baht (BKK15802)

View this listing on Sunbelt Asia

Popular online health food store

This online health food store is one of the most well-known in Thailand and has earned a good reputation for providing high quality superfoods, and raw and organic foods and products with delivery around the country and worldwide. The website is quite extensive and has a great modern design with built in check out system and secure payment.

Inventory valued at 1 million baht is not included in the sale. This business has huge potential growth as the health food industry takes off in Thailand. The new owners can run the business from their current location with no need to relocate since it all takes place online. The company has been in business for four years and the current owners expanded it and updated the website after taking ownership one and a half years ago.

The owners wish to sell for family reasons.

ASKING PRICE: 3 million baht (BKK15709)

View this listing on Sunbelt Asia

New restaurant in community mall in rapidly growing neighborhood

This brand new restaurant is only 9 months old but the owner is forced to sell as other business interests take up all their time - this is a great deal for someone looking to open a new restaurant in a new location. The restaurant is set in a new shopping mall and has a large outdoor terrace as well as 150 sqm inside.

The area is building up quickly with eight condo buildings nearby, a new international school going in soon and plans for a new dermatological hospital.

The terrace has been underutilized and with a good bartender and promotions the new owner could easily boost sales by 30 percent. Sales in the first nine months were 440,000 baht a month. The rent on this large space is 134,000 baht a month and the new tenant will be granted the first three months rent free and the next six months after that at 50 percent off. There are currently nine staff with a monthly payroll of 150,000 baht.

The owner invested 6.8 million baht in building this space but is selling the entire thing at only 3.5 million baht in what is essentially just an assets sale. This is almost half of the investment as the owner is keen to sell quickly.

ASKING PRICE: 3.5 million baht in an asset & location sale (BKK15783)

View this listing on Sunbelt Asia

Siam Square dental clinic seeking tenant to share space

An existing dental clinic is seeking a tenant to share space on this amazing Siam Square location. Siam Square is one of the top locations in Bangkok and this is an ideal location for a beauty clinic to open and share the common area and consultation room with the dental clinic that is using a part of the premises. The new tenant would share the rental fee with the dental clinic. Rent on the space in this really amazing location is 126,000 baht a month for the new tenant. A deposit of 3 months and one month in advance would be necessary.

RENTAL PRICE: 126,000 baht a month (BKK15777)

View this listing on Sunbelt Asia

Popular Sathorn area craft beer bar

This popular craft beer bar was established in 2015 and has earned many good reviews and press coverage for its selection and cool atmosphere. Located in the Sathorn area, the bar is surrounded by condos and offices in a busy expat neighborhood.

The 70 sqm bar seats 50 with a monthly rent of 30,000 baht on a 3 year lease. There are three full time staff and one part -time with a total monthly payroll of 32,000 baht. The business is open 6 days a week from 5 p.m. to 2 a.m. and last year earned a net profit of 245,000 baht on 1.9 million in sales.

The owner has another business that takes up his time and so is looking to sell this one.

ASKING PRICE: 1.5 million baht (BKK15794)

View this listing on Sunbelt Asia

Software company seeks investors for expansion plans

This leading specialist software provider is seeking investors to expand the business. Providing logistics and supply chain businesses with key software in Thailand, India, Malaysia and Indonesia for the past 12 years, the company is looking to expand further into Thailand and a total of eight countries and is seeking a committed investor to fund the centralized team that will manage the expansion The company already has joint venture partners in every country show share 49% - 50% in those countries. By the end of 2017 the company should be operation in 8 - 10 countries.

They are seeking a 49% investor for 122.5 million baht

ASKING PRICE: 122.5 million baht for 49% shares (BKK15742)

View this listing on Sunbelt Asia

Guesthouse in old town Chiang Mai

This charming guesthouse restaurant/bar is located in the heart of the old city in Chiang Mai, walking distance from all major old city attractions including the Sunday Walking Street Market and the many beautiful temples found in the old city. Chiang Mai continues to see tourism grow and this guesthouse has taken advantage of that growth. The guesthouse has contracts with all the major booking agencies and has earned five star reviews on Trip Advisor and Airbnb for its friendly staff, comfortable rooms, charming décor and central location.

The business was established in 2011 and has 560 sqm over four floors. Land with a chanote title is included in the sale, a rarity in this location. Each room is a large suite type room with minibar, en-suite, air conditioning and free WiFi throughout.

The business has six full time staff with a total monthly payroll of 60,000 baht. The guesthouse and restaurant saw total sales reach 4 million baht in 2016 with a net profit of 2.7 million baht.

The owners are relocating and so are selling the business, the building and the land.

ASKING PRICE: 18 million baht (BKK15758)

View this listing on Sunbelt Asia

High occupancy hotel near Pattaya Walking Street

This modern hotel is very close to Walking Street in Pattaya and has a high occupancy rate and good reviews from guests. The hotel is almost always full and has attracted a strong Middle Eastern clientele.

There is a total of 18 rooms in the hotel, and there are a variety of rooms, all well equipped and roomy. The hotel also has a coffee shop for guests and outside customers.

The hotel has a good income each month, taking in 300,000 baht every month regularly. There are 4 staff with a total monthly payroll of 50,000 baht.

The owner is offering two options; lease the operation with key money of 3.5 million for 3+3 years and rent 100,000 baht per month or purchase the property for 25 million baht.

ASKING PRICE: 25 million baht or 100,000 baht a month plus 3.5 million key money (BKK15785)

View this listing on Sunbelt Asia

Sunrise Tacos Franchise Opportunity  

Interested in joining the most successful and popular Mexican restaurant franchise in Thailand? Sunrise Tacos is seeking qualified franchisees to join us in our commitment to quality and healthy, delicious food. Are you experienced in hospitality or business management but want to strike out on your own? Sunrise Tacos is seeking franchisees fully committed to the Sunrise Tacos way; with a hands on approach to running the business and experience in hospitality or business management. The leadership at Sunrise Tacos prides itself on maintaining a close and personal relationship with each of our franchisees and looks at franchising as a long-term business partnership. We are committed to our franchise partners and helping them grow.

With the opening of the ASEAN Economic Community at the end of this year we at Sunrise Tacos see the potential for growth in the region. If you want to be a part of that potential let us know! We already have a branch in Phnom Penh and have added more around Thailand, including our new franchise in Chiang Mai, and are seeking committed, enthusiastic business minded people to join us. Contact [email protected] for more information.




Back To Top