More on the ABC's in getting going.
More on the ABC's in getting going here.
KimEng is a leading broker here in Thailand. There on-line account is easy to get used to. Bualuang Securities is in the top 5 and also a leading broker with clear English stock market research. Bualuang is an advertiser at this web site. There are many other good Thai brokers out there. Beware as anywhere, some of the brokers stock research can be biased -or even wrong.
The account opening is a few pages but no big deal to the determined. The thing is about dividends, dividends in Thailand can only be endorsed/cashed by a commercial Bank. So if you get dividends as a foreigner sooner or later you will have to have a Thai bank account opened. And this is easily obtained but only in person, there are no bank statements, only a passbook. This you can update the account balance and make withdraws from anyware, through their issued ATM Bank card. So you then have access to cash your dividends from anywhwere in the world. This is the best set up and lowest broker commissions! (The bank, on account opening, will ask for an address and or a mobile phone number but you can give the Hotel address, without showing the Hotel name...remember, the Bank never sends out any statements. A mobile phone is very easy to get in Thailand.)
There are no taxes on capital gains of any kind here, only a 10% withholding tax on dividends which is withdrawn right at the source. So there are no Thai tax or other papers to fill, out of any kind. Thai stocks can be held in an individual foreign name called NVDR’s, but never in a joint named account. Re-repatriation of funds and gains to anywhere in the world is easily done, but your funds must always stay in your own name.
The key, as always, is to know what companies to invest in and not have the Thai broker/marketing officer turn you into a day trader. Marketing officers in Thailand are for the most part trading driven, not investor returns driven. Hence a poor local practice is that they induce investors to trading strategies with often poor longer term returns.
Thaistocks.com is by heart and head a value investor driven service. We view creating new wealth a form of art. We do it through demanding & experienced securities’ analysis work and by researching and visiting companies in person -on a regular/reoccuring basis for over 20 years already. All, as is seen in the best interest to the responsible medium to long term investor.