jingjaijing
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Posts posted by jingjaijing
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Ive been on Samui for a couple of months now and am curious about the amount of Farangs who ride around the island wearing just shorts. Now Im far from a prude but I just dont get it. Some of these guys are so overweight that their bikes sag in the middle and they look disgusting. Secondly, take today, the weather is crap. Black, cold and wet yet these guys are still plodding about in just their shorts???? Lastly what happens wen they come a cropper. The skin loss s going to be horrendous and very very painful. So am I missing something or is this the uniform of the expat Farang here on Samui?????
You mean like your avatar???
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This time I agree with Highdiver,
there is no legal way to own land by controlling a Thai company as a farang.
Every follow up lease has to be renegotiated with the legal Thai owner.
Nor a samui based lawyer nor a real estate agent would explain this clearly to customer because they would risk their commission.
If problems occur later on - with DSI investigating - the customer will have to face them alone. The result can be confiscating of land (and house).
Your all confused and incorrect here to Claude, as you say more blabla.
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It's pretty simple really, it's called preferential voting shares (a director of said company would have those), it's done all over the civilized world, certainly it's not germaine to Thailand. As a director of said company, with preferential voting shares, you control the decisions, financial, etc. of said company. As Roo stated, a properly set up company is perfectly legal in Thailand. The main thing is that it has to show proper capitalization, show a profit and pay taxes on said profit. How your company achieves that is, of course, your own business. There is no current law in Thailand that prevents any of what I have said and I seriously doubt there will be in the future.
that is not realy 100% true...
under thai law a thai company must be at least 51% controled. and not just owned.
the preferential isa hoax devised by some lawyers to give Farrangs a false sens of security. however it does not according to the law and if a forigner is in total controll of a company, under las it is deemd as alien.
for a Thai company to be legit the thai share holders must have voting rights according to the share ownership in the company.
Sorry Highdiver, usually you are pretty good with your facts and analysis, but this time you are 100% incorrect. The FBA still only defines a foreign company by capital ownership (i.e. 50% or more of its share capital owned by foreigners). Perhaps you are under the mistaken impression that the much talked about draft amendments that contemplated this (primarily broadening the definition of "foreign" to include companies in which 50% or more of gthe votes were controlled by foreigners) actually became law? Well, they did not and they are no longer before the Parliment for consideration.
Koh Samui Land Prices Take Off
in Koh Samui, Koh Phangan, Koh Tao
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Agreed, again both you and Highdiver at the ones who need provide the proof you say its is unlawful okay then please tell us what law(s) exactly and what part of the law(s). BTW asking me to prove it is not unlawful is illogical and unpraticable, that would be requiring me to "prove a negative" to "prove what is not"...now if there it is true that the Land Code, for instance, says that company that is merely controlled by non-Thais is a non-Thai company, as Highdiver claims, then it ought to be very easy to tell us where exactly it says that...so please do educatue us Claude and Highdiver. However, if you cannot, which you will not be able to without resorting to "spirit of the law" arguments...which BTW makes the actual law pretty meaningless, and when you cannot I hope you both the integrity to admit it here.