Chiang Mai property investments under intense scrutiny

[webfact]

 

According to preliminary investigations, six land parcels in the northern province are thought to have been illegally purchased by Chinese businessmen for the purpose of constructing complexes, General Surachet Hakparn, deputy national police chief, told reporters on Wednesday.

 

Following allegations that Chinese companies are allegedly purchasing land and real estate in Chiang Mai using Thai nominees to avoid paying taxes under the Foreign Business Act of 1999, Surachet addressed the audience after meeting with representatives from the provincial land office, immigration police, and local administration organizations.

We found that these sites had been purchased in order to construct complexes for Chinese inhabitants and educational facilities, allowing Chinese migrants to obtain student visas, the man claimed.

 

Full story: https://bangkokone.news/chiang-mai-property-investments-under-intense-scrutiny/

 

-- © Copyright BANGKOK ONE NEWS 2023-03-10

 

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[ezzra]

I wouldn't put anything, really anything, past Chinese people and also some unscrupulous Thai people that will sell their country for fistful of baht.

Edited March 9, 2023 by ezzra

[Thailand]

Being going on for years and nearly every property purchased by Chinese uses a "company" of some sort or other.

But there are also many legit extensions issued for education as parents of kids attending the expensive schools.

[hotchilli]

10 hours ago, webfact said:

Following allegations that Chinese companies are allegedly purchasing land and real estate in Chiang Mai using Thai nominees to avoid paying taxes under the Foreign Business Act of 1999, Surachet addressed the audience after meeting with representatives from the provincial land office, immigration police, and local administration organizations.

We found that these sites had been purchased in order to construct complexes for Chinese inhabitants and educational facilities, allowing Chinese migrants to obtain student visas, the man claimed.

This is how it works.