LTR assets held in ltd company + cash?

[richchris]

Anyone with assets route experience?

 

If your LTD companies hold your assets (in my case properties) + cash, will that be considered acceptable for the assets above $1m global route?

 

Cheers

[Pib]

Probably best to ask BoI using the Contact from/email at the BoI LTR website....over the last few months they have been answering with hours or a day or two.   My last couple of Contact/emails got answered within minutes to hours. 

 

But from looking at the paper version of the LTR WGC application it would seem your LTD companies could be used as long as you can show clear ownership and whatever docs BoI would require to prove the assets value.

 

From BoI LTR website

https://ltr.boi.go.th/documents/Wealthy-Global-Citizen.pdf

 

 

[Misty]

6 hours ago, richchris said:

Anyone with assets route experience?

 

If your LTD companies hold your assets (in my case properties) + cash, will that be considered acceptable for the assets above $1m global route?

 

Cheers

I have assets route experience, and my Thai Ltd was included in my application (net value).  It could have been excluded however, as I had other assets.

 

My best guess is yes, if you own 100% of your Ltd and it has shareholders' equity or NAV greater than the amount needed, that could be acceptable.  Best source is always directly from the BoI so suggest giving them a call.. 

 

 

 

[richchris]

Hi Pib + misty, thanks for the replies, will call in and discuss I think.