Recent content by Reawake

No need to get sarcastic or passive-aggressive. Not a long time ago, it was surprisingly easy to open a bank account at a Thai bank, and you'll wonder, but every branch makes their own rules. Even though Bangkok Bank is advertising they'll open a bank account for foreigners even on visa...

I just wanted to give everyone here an update of my journey to get a Thai bank account. I have visited around 50 branches of different banks in Bangkok. Only one branch of Bangkok bank was willing to open a bank account for me if I can provide a certificate of residence beside some other...

I already do have a TM30 report. It's just not clear for me what the next steps are, as the immigration in Bangkok told me they cannot issue a certificate of residence. Perhaps the lady working there just got me wrong, as her English was not that good. Thing is, that it takes me around 4–5 hours...

In fact, I currently spend several months a year in Thailand. Right now, my visa is not a problem because I still enjoy flying to another country every 60 days. I also fly back to my home country several times a year. I can say with certainty that having a bank account in Thailand makes a lot...

I see it similar to you guys. You always have to look at things in relation and for 13,000 THB you still get a lot even today in Thailand. Since I also came across the advice to do some bank-hopping during further research, I visited a couple of branches of some banks. It really seems to be...

@churumbelo Can you recommend a branch in BKK to open an account on a tourist visa? I found an agency which helps to open a bank account here, but they basically want my firstborn in exchange.

I am currently in Bangkok on a tourist visa and would like to open a bank account here as well. I have already found an agency that has offered me to open a bank account at Bangkok Bank for 13k THB. However, this seems a bit high to me, so I would like to try my luck myself first. Does anyone...

As far as I am correctly informed, for a redomiciliation it is necessary to liquidate the company first in the giver country. This would lead to the fact that I would have to pay taxes on the entire company assets immediately. The liquidation of a corporation in Germany also takes at least 13...

In general, this is not a bad idea. A holding structure is also quite common in Germany, but mainly for tax reasons. Unfortunately, such a good protection as in the English-based system is not possible here. However, since I was forced to give a personal guarantee when I sold the assets of my...

1. 6-12 months would be good 2. Yes, I would move out of Germany but this would cause even more problems as it triggers “Wegzugsbesteuerung”. I wanna keep the option to still visit friends and family in Germany and also stay for some time. 3. Highly depends on the exact solution but I’m...

I already have Gierhakes book here, beside two other books referring to Asset Protection. Unfortunately, the two books I already finished only cover the “white” way, which makes a short-term asset protection impossible. I will read Gierhakes book over the weekend, hoping there are other more...

You're right. I would just like to find a possible way and create a rough concept first. For the final solution, I would definitely contact an expert in this field.

Unfortunately, trusts are not legally valid in Germany. The outsourcing of funds to foreign trusts (as domestically is not possible) leads to a double taxation, on deposit and payout. As already mentioned, when donating to a foundation, there is the problem that in case of dispute, this can be...

Sounds like great advice! Personal bank accounts will probably not generate high costs, but how a legal entity in another country? Is there any jurisdiction you would recommend? I don't have any experience yet in running an offshore company, do you know any references where I can learn as much...

Yea, that's also the plan, I just think most of the lawyers cannot speak openly about gray-zone-options. Gierhake might be a suitable alternative here, thanks for the tip! Theoretically creating a foundation can be an option, practically it's not that easy as the German legislators thought...