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BigFun

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Posts posted by BigFun

  1. It's not a requirement to have a tabian baan (house number/reg) to connect electricity...just for normal connection. When we build we use a 'special' electric connection. More expensive per unit and a little more deposit 6-8k from memory but it's still possible. 

     

    As for normal electric...if you had a Thai company you could do anything a Thai person can, as it is a juristic person. Including own the land as an asset. 

     

    I like the idea of a usufruct or specificies but I think it comes with its own set of problems...as you have found...

  2. At the end of the financial year (31, Dec.) you are required to produce financial statements. To do this you have until end of May in the coming year before receiving late fines. If you are fluent in Thai I guess you could hand the self produced accounts to a Thai auditor although strictly speaking 'accounting work' of any kind is a protected profession. Having end of year accounts produced and audited by (2 different) Thai accountants is not difficult or expensive. You can outsource this process, it needn't be in-house.

  3. To close a company costs around 15,000 if I remember correctly. The extra is probably the taxes that should be paid before closing it. Yes you could easily just abandon it without problems, many do. Do you not have the purchase recorded in receipts, etc? This should then lower your tax liability. Also I do not see why you cannot just buy a new property thus lowering this year's operating profit. Unfortunately unless the original purchase/build is not recorded then you could well need to pay even more tax on a second sale. If your accountant makes no suggestions....change accountant...good luck :)

  4. If 3% pcm is loansharking then most credit cards over the world are too.

    Conflict of interest, well, aside from mistaken identity or an 'accident', conflict of interest seems pretty obvious. They may as well say, cause of death - bullet.

    Yes, many mia farang are 'wua luem dtine' and often the husband encourages this behaviour - I wonder what the next few days will reveal, if anything.

  5. I have built over 12 houses in Phangan for clients and have NEVER had a problem with planning issues.

    1).who is your 'architect' - on phangan currently there are NONE qualified - only designers.

    2). Who registered ghd land lease for you? Maybe they can assist?

    3). This is exactly why professionals exist for this kind of thing - most have cultivated relationships with the right guys for years.

    Good luck...

  6. As I understand it the director has power to alter the shareholding structure without needing consent. Thus the directorship is a very important role. Signing powers are noted on Co.docs and can be one, a combination of directors or a sole named director.

    Technically a s/h vote could be taken at a co. meeting and a new director appointed, hence the need to control voting rights -51%.

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