camckz

Thanks guys..

So the deeper this goes the more difficult it seems to be to make a choice at the end of this all.
Certainly there seems to be risks.
As so many people have commented, which Is most appreciated, I'm going to just throw a few key bits of additional information that may help with this debate and give a clearer picture on the scenario as there are a few different comments from a range of different people.

• no I'm not putting in my life savings and relying on income to survive
• the company is not running at a profit and books will be filed every year
• the home is 3 bedroom villa
• in regards to renting, it is more of a long term tennant, within expat community with the property being vacated when I'd like to visit with my family.
• I have no intention on marrying a Thai national and transferring it over to them.
• it will essentially be my holiday home
• Thai Share holders have been set up through law firm on the opening of the company.

Thoughts guys ?




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Thanks Thomas.

Pilotman, thanks for your advice.
I am super wary and am trying not to let this put me off as I know it can be done, just as long as it's done in the right way..hence I don't want to miss something. All comments and advice are being taken on board and to be considered before making my final decision. All are appreciated.

Referring to your first point, would I need to know them personally as they have already signed over their rights to the current owner ?
The property will be let out for 80% of the year with the other 20% being for me and my family's use.
So I'm presuming this would actually be a functioning business as I'd be paying and more than happy to be paying tax on the income which will be submitted once a year.
Can you recommend a reasonable company to deal with the matter for me and also what kind of prices should I expect to be paying for their services as once again don't want to get ripped off ? Thanks again for everyone's input.


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Thanks guys. These comments are most appreciated.. if I read between the lines it's kinda what I have been led to believe through my own research. It can be done, possible risks involved but as long as the company's legit and has no hidden dept all should be ok...yes it's not the right way to do it but it is done this way.
What are the key points to establish then before I proceed to make sure all is in order would you guys say... also what or who is DBD?
Would anyone here know of a reputable lawyer in the hua Hin area that speaks fluent English that may be able to help me once over... thanks again for your input guys any advice on this matter will be most appreciated.


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Thanks for your reply Thomas.

Im not currently in Thailand and this is very new to me but I have been doing what I can before I travel over.
The guy who is dealing with the sale is a friend of a friend of mine who himself has property over there. I've spoken to him and he has said I can have a copy of the land deeds, the building licence and a copy of the the company details to get it all checked over by a solicitor. So I'm thinking about taking them to a company called Siam legal international to have them go over them before I go.
In regards to the share holders he's told me that as I'm the majority shareholder and director I make all the decisions, also that when I am director I can change the other directors if I like and that the minority shareholders ( directors ) have signed a contract to say they have no rights. Does this sound like common practice in these kind of set ups ? From what I've read I've heard of this being a way that a foreigner can own a house in Thailand and be in full control , so when he has said these things to me it's kinda adds up?
When you say about transferring the chanote to a new set up is that in regards to putting new shareholders/directors in place ?
Also if possible could you explain what the usufruct is in simple terms as I've looked it up and it sounds quite complicated.
I really appreciate your replies, it's a great help to me as this is the first time of attempting to do anything of this sort and there seems to be some grey areas and I don't want to get burnt along the way.
Thanks again.



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Hello everyone.

I'm currently in the process of buying a property through a existing Thai ltd company.

The Thai ltd has been set up for the past 12 years and I will be going down as the new director with a 49% share with the other 51% being split between three Thai nationals with shares of 20-20-11%. Any advice on things that I need to be aware of or things to check out before purchase would be highly appreciated.

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