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Transferring money


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ukdog - have you thought of taking the money out in cash? Go to a money changer and buy dollars and don't forget to keep some for a big suitcase?

Sukhumvit - Your a lawyer? Should be easy to earn 1 mill baht in 3-4 years, 3 months pay for me in LOS.

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Themayorofpattaya,

Sure it's not a problem to put that amount aside in rip-off UK, even for me,(and I'm not a Philadelphia lawyer but a lowly pond scum solicitor without a pot to piss in), but I thought Sticky has returned to teaching f/t. All teachers complain of the same thing - lack of dough.

You're rolling in it aren't you. You got a franchise selling fake gold bullion to fuckwits or sumfink?

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quote:

Originally posted by Sukhumvit:

Themayorofpattaya,

You're rolling in it aren't you. You got a franchise selling fake gold bullion to fuckwits or sumfink?

I wish, then I really would be rolling in it.

Nah, I'm just a lowly engineer slaving away 10 hours a day 6 days a week and wishing I got paid half as much as my boss who's on the farang expat deal.

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  • 1 year later...

Just thought of opening again that thread

 

 

 

"Hey sukhumvit, what the score on bringing cash into uk, say £20,000 at a time?"

 

 

 

Yes,what's the score??

 

 

 

About the MayorofPattaya remark are many of

 

the guys on an expat package earning over 600 000baths a months?? Seems high to me

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As far as outgoing transfers are concerned, this comes from the Bank of Asia site:

 

 

 

"Outward Transfers

 

Required Documents

 

 

 

Supporting documents indicating purpose of transfer.

 

If currency amount > US$ 10,000 or equivalent and for non-merchandise:

 

Thor Tor 4 Kor (¢) form for Non-resident customers or,

 

Thor Tor 4 Gor (¡) for resident customers is also required.

 

 

 

Money Laundering Report Form (Please include your Tax ID or other identification)

 

Cash transactions > Bt 2,000,000 require a PorPor Ngor. 1-01 form

 

Asset transactions (ex: telex transfer) > Bt. 5,000,000 require PorPorNgor 1-02 form"

 

 

 

These are the new requirements as of September 3, 2002. I took a quick look at the Thor Tor form and it doesn't look very intimidating at all. The (should be anti) money laundering report form is more in-depth.

 

 

 

"About the MayorofPattaya remark are many of

 

the guys on an expat package earning over 600 000baths a months?? Seems high to me"

 

 

 

There are plenty of guys here who work as senior managers of multinationals and investment banker types. One person I know who works for an IB earns approx 2m Baht per month not including housing, car, kids education, travel, etc. Another person I know works in finance for an automotive manufacturer. His *housing allowance* is almost half a million Baht per month!

 

 

 

Now most of my expat friends are on far more 'modest' incomes, but there are some big earners out there for sure.

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My experience with multi-national expat packages:

 

Since you are usually transferred to your foreign assignment and are already employed by the company, you continue to receive your full salary with a percentage increase for the hardship of working overseas. In Thailand, this increase seems to be in 20-30% range.

 

The housing allowance often depends on how senior you are, but starts at around 100K a month, plus another 10K for utilities.

 

Full tuition, including registration, for top international school, 10K each.

 

Full airfare (economy class, but most have enough miles for upgrades) for family each year for trip home.

 

There is some sort of tax plan for Americans to help pay taxes on extra income.

 

So, if you were a 80K a year base salary type of guy with 2 kids, you could be making in the 500-600K baht a month range.

 

Expats like these do not calculate their income in baht.

 

TH

 

 

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what the score on bringing cash into uk, say £20,000 at a time?

 

 

 

Don't know about UK, but you can bring any amout of cash into US, but if the amount is over $10,000 you have to declare it. I would assume it would be similar for UK and other Euro countries.

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