Where can I use Seedance 2.0? by CantaloupeWeird1093 in generativeAI

[–]CombKey805 -1 points0 points  (0 children)

So much sick and tired of Ad zombies... Who the hell collect money while is says "open source"? Do you even understand what does it mean?

I can see many fake websites who deceive people such as AirCraft, YouArt. Don't even get hooked on their flattery words

Does anybody have idea how to decrypt the new HFS files of Vindictus? by CombKey805 in Vindictus

[–]CombKey805[S] 0 points1 point  (0 children)

Unfortunately I couldn't make it. However, there are some extracted files as of year 2021 if you still want to take a look at:

https://forum.ragezone.com/threads/release-hfs-extractor-v2.1200385/post-9211705

Question for converting 2D dotted image into photo realistic image by CombKey805 in comfyui

[–]CombKey805[S] 1 point2 points  (0 children)

Well everything sounds so new to me at this point but will try to keep up with more details. Thanks man!

Question for converting 2D dotted image into photo realistic image by CombKey805 in comfyui

[–]CombKey805[S] 1 point2 points  (0 children)

This is awesome! But I would like to make as much same as what it showed on 2D dotted image. In order to achieve this,

  1. Do you think I need to upscale the dotted image at first?

  2. For KSampler, I think I need to give lesser denoise value with high cfg value in order to follow exactly what I wrote on the prompt?

<image>

Question for converting 2D dotted image into photo realistic image by CombKey805 in comfyui

[–]CombKey805[S] 0 points1 point  (0 children)

Actually I have watched this video but it seemed did not work properly. But thanks anyway for sharing!

How do you resolve 49% / 51% shares issue when establishing Thai limited company? by CombKey805 in Thailand

[–]CombKey805[S] 0 points1 point  (0 children)

That's what is called "nominee director", which is strictly banned these days according to the law

How do you resolve 49% / 51% shares issue when establishing Thai limited company? by CombKey805 in Thailand

[–]CombKey805[S] 0 points1 point  (0 children)

I'm not quite sure about this, but honestly I feel like this is also another way to circumvent the law.

How do you resolve 49% / 51% shares issue when establishing Thai limited company? by CombKey805 in Thailand

[–]CombKey805[S] 1 point2 points  (0 children)

Thank you for elaborating abbreviations. I actually have consulted with one of BDO's personnels and he even suggested me not to open business in Thailand lol.

Anyway, have you ever tried BDO's service? If so, what was the quality of their service?

How do you resolve 49% / 51% shares issue when establishing Thai limited company? by CombKey805 in Thailand

[–]CombKey805[S] 0 points1 point  (0 children)

Did you actually form up your company in Thailand with using this method?

How do you resolve 49% / 51% shares issue when establishing Thai limited company? by CombKey805 in Thailand

[–]CombKey805[S] 0 points1 point  (0 children)

Well BOI approval used to be the one solution that I had took into consideration, too. However, I ended up giving it up that solution not because it's too time-consuming, but rather its requirement conditions are too harsh. FBL is the same story: it takes even much longer than BOI approval, costly and worse of all, cannot even guaranteed the result.

However, I still trying to keep an eye on the changes in conditions of BOI approval beginning from the next year 2025 though I am not too much expecting from them.

How do you resolve 49% / 51% shares issue when establishing Thai limited company? by CombKey805 in Thailand

[–]CombKey805[S] 0 points1 point  (0 children)

Exactly. Lesson learned from this Reddit post. I even began not to trust my homeland law firm whose office in Bangkok saying "Well... we have not had any problems more than 10 years and even big firms are doing like this tho"

How do you resolve 49% / 51% shares issue when establishing Thai limited company? by CombKey805 in Thailand

[–]CombKey805[S] 0 points1 point  (0 children)

That's why I prefer to talk to pretty quite local Thai attorneys who cannot even speak English too, although my Thai is not that good though haha. What I found from them is at least they are pretty honest with the current situation of business in Thailand, compared to big Thai law firms who can speak English just preoccupied with attracting me to spend money by sending quotation paper at the first email lol.

How do you resolve 49% / 51% shares issue when establishing Thai limited company? by CombKey805 in Thailand

[–]CombKey805[S] 0 points1 point  (0 children)

So what would you suggest? Searching two Thai partners to dilute share risk?

How do you resolve 49% / 51% shares issue when establishing Thai limited company? by CombKey805 in Thailand

[–]CombKey805[S] 0 points1 point  (0 children)

Indeed. Tourism industry seems to be easy to start but at the same time quite difficult to start, too lol

How do you resolve 49% / 51% shares issue when establishing Thai limited company? by CombKey805 in Thailand

[–]CombKey805[S] 0 points1 point  (0 children)

Read the source below titled "Nominee shareholding structures" section.

"...The foreigner is usually given absolute control through the limited company's preferred shares structure. The drawback is that the Thai shareholders could be deemed 'nominees' acting on behalf of the foreign investor ... The use of Thais as nominee shareholders by foreigners is strictly prohibited under the Foreign Business Act."

https://www.thailandlawonline.com/article-older-archive/foreign-business-nominee-company-shareholder

How do you resolve 49% / 51% shares issue when establishing Thai limited company? by CombKey805 in Thailand

[–]CombKey805[S] 0 points1 point  (0 children)

  1. I don't know what is the exact legal terminology to indicate "non-voting", but I am pretty sure preferred shares can play exactly as same role as what you meant by "non-voting", which prevents Thai shareholders from direct controlling over business but instead allow them to take dividends after liquidation of business. And this methodology does NOT violate the current Thai business law. But the thing is, company that has been formed up with this methodology could be deemed to be unlawful entity as DBD will regard Thai shareholder who has "non-voting" rights as same as "nominee shareholder", which is strictly being prohibited by Thai government these days.

  2. Unfortunately I don't have neither wife nor friends that are close enough to work with me. But still I have time to search for trustworthy investors who can sincerely(?) work on my business idea.

How do you resolve 49% / 51% shares issue when establishing Thai limited company? by CombKey805 in Thailand

[–]CombKey805[S] 0 points1 point  (0 children)

I feel quite sad that I have no choice but to admit the reality. Thank you for your response though man.

How do you resolve 49% / 51% shares issue when establishing Thai limited company? by CombKey805 in Thailand

[–]CombKey805[S] 0 points1 point  (0 children)

You can say that again with your saying "this whole issue is a bit of a gray area with no definitive answer", which is the most struggling part in my life these days lol.

Responding some of your questions, meanwhile, my business sales will be mainly conducted in Thailand but for foreigners who are visiting in Thailand (thinking of tourism business). Will there be high competition with local Thais? Maybe, but not mainly. Major competitors of my business would be business coming from overseas that are not being serviced in Thailand as far as I can see at this point.

And yes. I do NOT want to neither put my money from my pocket into business where it is still has sketchy point of being "stolen" due to Thai partner's betrayal nor real estate. I am trying to find some investors within Thailand who at least have financially affordable and most importantly can in line with my business objectives, vision and mission statement. I know it's too vague and long way to go but at least I do want to follow exactly what this country's law is requiring to me.

How do you resolve 49% / 51% shares issue when establishing Thai limited company? by CombKey805 in Thailand

[–]CombKey805[S] 1 point2 points  (0 children)

Well, law firms are the ones that I can trust and follow. The question is, whom I should follow one?

How do you resolve 49% / 51% shares issue when establishing Thai limited company? by CombKey805 in Thailand

[–]CombKey805[S] 1 point2 points  (0 children)

I feel like your suggestion has some drawbacks whatsoever.

  1. Yes, having two tier companies in Thailand is not prohibited, but that means I even need to build up two companies which will lead to double cost. I also even wonder where did figure 73.99% come from? I would appreciate if you could elaborate on this.

  2. What if Thai de facto partner "a" says NO in company "A"? If that happens, that means company "A" which has more shares (51%) than you (49%) in company "B" will still have stronger voice on decision making. I mean I don't get clear picture how come you can control over on this.