Property Business Legal Structure

[skippybangkok]

My good fortune is I received Thai citizenship a few years back so there is not hassle in buying property. Recently early retired, I have been buying up smaller apartments, good quality but affordable for new graduate jobbers and so far, after some minor renovations, I have been able to let them out in a week or two. Looking to expand it quite a bit 

 

Question is on structure for best tax ( happy to pay, but only what's required by law). 

 

Thinking about opening a small Thai Sole trader company and then paying myself a salary and balance where taxes are paid ( company I believe is 15% and personal depends on salary )

 

Any thoughts / advice welcome

[smutcakes]

Sounds like a good little business. Personally i would seek tax advice from a professional company based here. Personally i have had good service from Mazars.

[skippybangkok]

2 hours ago, smutcakes said:

Sounds like a good little business. Personally i would seek tax advice from a professional company based here. Personally i have had good service from Mazars.

 

Thanks.

 

Had a very good year in the stock market / indexed funds ( bailed since Sept ). Although good returns (23%), its too stressful.   Room rental in the right segment seems better, stable and can get a good nights sleep. So far do about 5.7% net in hand after all costs for rent, and about 4% in property price appreciation PA.  Good enough for me