Noreya

I have my own story to share about buy a house in Thailand. Now I am Thai 47 years. In 2003 when I was unemployed from Trading company because of the company need to get out from Thailand and do relocate in China after China in WTO in 2000. My friend who is a nurse in Bangkok hospital ask me to work as a Caretaker for 71 years American (he went under L-spine surgery for 5 of them need one year continue rehab and caring) he did trading business in Thailand and living apart from his Chinese American wife in Cal. But a year later in 2004 we became a couple and his Chinese wife in Cal know it but she is ok. because she said he need a caretaker. In 2004 he set up a company just for suppose of buying a house for 100,000USD. or 4 million THB. then. We were together until April 2013. He got very sick and his Chinese-Amrerican son came to Thailand and put him in Nursing Care in Bangkok locate nearby our house and his son cut me out from him also his son apply to be SS Rep Payee to get his benefit from US SS office and transfer payment to Nursing Care direct from Cal. His son want to get 50% of shareholder for house ownership. see more.

You do not appear to be his wife, so the question arises, should you get anything?

Under Thai law, you are entitled to nothing, the son is entitled to everything.

Under Thai law to set up a company you must have at least 3 shareholders and 51% must be Thai so I am that 51% and he is 49% lawyer 1%. I am entailed to a company asset and a son entailed to nothing as long as his father life. When father pass away 48% shareholder must be transfer to his son but practical is not an issue because everything must have my signature since I am only authorizes Managing Director in a company.

I agree if you buy a house do prepare to walk away from it. To have a mortgage loan for expat interest rate is 6% in average. As I am one of insider for 10 years. Do not buy a house. Rent it or buy condominium is the solution.

The son in my story. He get used to with his father support him for his University and living after he graduate it was 2008 but unemployment rate 9% in U.S. so he had hard time making a living for himself. I look at a father I was caring for 10 years as my beloved husband. It is heartbreak that I cannot see him. Thank God at lease I get a job now and comeback to be an office woman again. I want to give you one more information. When ownership of a house is under company name. You must file balance sheet to Ministry of Commerce for your company to keep it active. And when you sell it (a house) not a company to Thai. You must pay company income tax bot Land Office and Revenue Dept for net company income from selling a house. But if you sell a company it is save to public in newspaper for 1 week. This is some legal matter.

Nid

I am a Managing Director of a company. His son cannot do anything without my signature. I offer to his son I want to sell a house and 50% to him and to me. But I need to get a legal paper between his father and me in Thailand. I want to come to visit his father as long as he is living in nursing care in Bangkok (he cannot walk and lost memory from Alzheimer disease he is 81) his son instructed a nursing home do not let me come to see him. So I want his son to let me replace him and be a SS Rep Payee for him. Because I am not marry him and he did not divorce. But his son get me out from his father and I get his asset in Thailand. His son is very angry to me but he cannot do anything unless he let me see his farther as a Rep Payee. Then i will sign a paper for selling a house for him. Hope this is useful data for any expat here.

Nid

I have my own story to share about buy a house in Thailand. Now I am Thai 47 years. In 2003 when I was unemployed from Trading company because of the company need to get out from Thailand and do relocate in China after China in WTO in 2000. My friend who is a nurse in Bangkok hospital ask me to work as a Caretaker for 71 years American (he went under L-spine surgery for 5 of them need one year continue rehab and caring) he did trading business in Thailand and living apart from his Chinese American wife in Cal. But a year later in 2004 we became a couple and his Chinese wife in Cal know it but she is ok. because she said he need a caretaker. In 2004 he set up a company just for suppose of buying a house for 100,000USD. or 4 million THB. then. We were together until April 2013. He got very sick and his Chinese-Amrerican son came to Thailand and put him in Nursing Care in Bangkok locate nearby our house and his son cut me out from him also his son apply to be SS Rep Payee to get his benefit from US SS office and transfer payment to Nursing Care direct from Cal. His son want to get 50% of shareholder for house ownership. see more.