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ringthebells
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best to hk and do it there.
cost is hkd 10'000.00 max.
maintaining about 10'000.00 max
incl. registered office
but depending on how active it is going to be.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 7:47 am on Feb. 4, 2003
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Yurune
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I think in addition to Saurons list above....there is one prerequisite.....business acumen...I've been here long enough and I don't care how much I think I know about this country...I couldn't run a business in my own back yard. Sauron arrived X years ago with $2000...I suspect he could run my backyard for me. I've seen a lot of people particularly in Phuket over the years...reasonable capital....start the predictable bar or whatever...and fail.....no business skills at all....quite simple.....(always someone else to blame though...and with no clue at all I would never have made some of the decisions they did)...running a business is a skill like any other...some have it some don't......and then on top if you don't have any contacts/local knowledge etc....you really will fail.
I would never invest a penny here....nothing to do with this country.....but I'm not qualified myself....and have no pretence that I do
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Bangkok Women : Meet Sensual Bangkok Women
Posted on: 10:25 am on Feb. 4, 2003
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Hermanolobo
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So is this true?
Q: How do you make a small fortune in Thailand?
A: Start with a large fortune.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 10:40 am on Feb. 4, 2003
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thaiprivateeye
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Probably True H'loo, - think many people [farangs] that do have a business here, are happy enough just to make a living, rather than a fortune ; but think with out doubt, the best chance to make good money, would be to be involved in Exporting something - rather than trying to make money locally. http://www.sunbeltasia.com Is a reputable company broker, if you did want to check some business.
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Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 1:25 am on Feb. 5, 2003
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Marco
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Seen on Sunbelt site :
"BANGKTH001288 Private Detective Service- This registered company conducts investigations, mostly for Westerners living outside of Thailand, for personal or background check-ups on girlfriends, wives, etc... "
TPE is it you or an ex-competitor ? 
No offense meant but if the businesses on sale are successful, why sell them to foreigners and bother to do it through internet?
Generally in Thailand anything advertised in English is far above the market price and/or a scam.
But that is only my opinion...
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 2:10 am on Feb. 5, 2003
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Marco
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Rather than setting up a company in HK I would look at Singapore. Very friendly offshore regulation and even government incentives for some trading activities. Slighly more expensive than HK but safer IMO.
Moreover it is closer to bkk, cheaper to visit and everybody speaks english quite well, which is not the case in HK.
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Bangkok Women : Meet Beautiful Thai Girls
Posted on: 2:16 am on Feb. 5, 2003
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Sauron
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Pardon me Marco but what is "unsafe" or "less safe" about an offshore company in HK as opposed to an offshore company (if there is such a thing) in Sg?
I am unaware that there are any 0% taxed business entities in Singapore. Refardless onshore or offshore.
About the only hassle I know of with offshore HK company is that the HK banks are most reluctant to authorize a credit card merchant account for an offshore company, so that part of my business (for e-commerce) I must do in Thailand where there are 3-4 banks capable of this -- my choice being Bank of Asia with its ABN-AMRO worldwide connections.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 3:05 am on Feb. 5, 2003
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Marco
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Sauron,
It was more a general statement on HK's situation and "country risk". It may not apply in the very near future if one just wants to open a mailbox with no operations.
HK is a satellite of China and more and more dependent on the mainland politically and economically. It is at the same time losing its financial/economic role to Shanghai.
There have already been consequences on the legal system and even if it is concerning human rights for the moment, there are fears that Beijing will slowly modify the business regulation to make it more consistent with the mainland one. See the massive protests against Article 23 of Basic Law.
I do not say it will happen tomorrow but it is a risk.
HK is becoming full Chinese territory and this does not mean more freedom for people and businesses.
On the other hand Singapore can survive only if they stay as flexible as they are and continue to attract foreign companies.
You have no taxation for a Singaporean based company if your revenues are neither sourced nor remitted to Singapore. Therefore it is a very good mailbox if your operations are totally offshore.
Otherwise it is more expensive than HK indeed. And the legal expenses are in any case also higher than in HK.
For the credit card merchant account it will be the same everywhere: it is not the banks fault but Visa, MasterCard...etc that have a strict regulation on this issue. I had the same problem with a neighbouring country of Thailand...
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Thai Girls : Meet Active Thai Girls
Posted on: 5:11 am on Feb. 5, 2003
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Sauron
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Well, short term then, say 5-10 years, and for 100% offshore but with a HK bank account, say at Hong Kong Shanghai Bank, funds CAN be remitted there and still be zero taxed, as long as nothing sourced there and no business activity there save registered office. The bank acct can be managed through Hexagon system from anywhere, this is not Net based but you dial up a HKSBC computer. Not a problem since we have a branch of that bank in Bangkok. Local call.
Political risk in HK remains low. I know a farang couple who run a SM dungeon there, they were raided by the HK cops and beat the charges in court. Could they have done that in Singapore?
Of course not.
I used to be the US agent for Singapore Technology Corp, specifically their subsidiaries Unicorn Intl and Chartered Industries, out in Jurong Town. 1983-97 on a fee of $2500 US a month contracted annually. As you probably know that is all MOD owned, my boss was a fellow named Philip Yeow and his boss was Goh C.T. and his boss was Lee K.Y. and I was hired on advice from Lee's advisor Bill Colby. So, I know Singapore from way back and way up high (as it were). I think Singapore has as much or more long term political risk as HK does...Beijing may be volatile but Sg is like sweaty dynamite. Too much repression, and not enough economic benefit (any longer, i.e. no more double digit growth) to show for it. The carrot to stick ratio has shifted and the donkeys are less satisfied than before.
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Thai Women : Meet Matured Thai Women
Posted on: 6:10 am on Feb. 5, 2003
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Sauron
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Sg also plays a lot of sillybuggers in Burma, Cambodia, etc. supporting the most brutal and repressive regimes in ASEAN. And they meddle clandestinely in Sumatra and southern Thailand. None of that is very nice...
Not that Beijing is likely to win any human rights prizes either.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 6:15 am on Feb. 5, 2003
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