British and American men arrested for real estate violations

[Andrew65]

3 hours ago, thaibeachlovers said:

Yup, those solicitors didn't get their reputation by being honest. They probably have an office party after muggins gives them a whole heap of loot to evade the law.

Top of my list of people not to trust would be lawyers/ solicitors, and second is Thai wives.

 In other words, never marry a Thai lady lawyer!😁

Edited March 16 by Andrew65

[renaissanc]

8 minutes ago, Jack Hammer said:

Why doesn’t this sight have a bull<deleted> emoji? 

Maybe it's true. 

[Iron Tongue]

3 hours ago, proton said:

These two seem very sure of themselves and the 30 year lease on the land,

 

 

From her eyes, I see someone planning to push her husband off of a Thai balcony.

[Rhys]

Well for the couple, I wish them all the best. 

 

[gargamon]

Same rules will apply when a company is set up so a foreigner can buy a Thai quota condo, correct? Lots of those around. 

[Dogbarker]

3 hours ago, thaibeachlovers said:

I don't call them "unsuspecting". I call them stupid. Spending megabucks and don't even do basic research; what else are they other than stupid?

I've known for almost as long as I visited LOS that we can't own land- PERIOD.

  I think the technically you can own land .... the foreign cemetery in chiang mai where you can buy your burial plot!

[Lopburikid]

3 hours ago, proton said:

These two seem very sure of themselves and the 30 year lease on the land,

 

 

Sounds like they are touting for customers. Offering to help with real-estate. interests.

[John Drake]

4 hours ago, EVENKEEL said:

It's amazing the lengths us foreigners will go to have some dirt in our name. They're coming for us (foreigners) the white devils. 

 

Just keep your head down, only speak when spoken to. Sort of like prison rules.

 

Yet another in the long list of reasons why you should only rent.

[Excogitator]

28 minutes ago, impulse said:

 

Foreigners can own up to 49% of shares in a registered company that can own land.  Americans can own 100% of a registered company that can own land (under the Treaty of Amity)   But the companies have to be properly registered and the owned land can only be used for specified purposes.  So it's not that black and white...

 

 

49% is not ownership. True, Americans have that option, but through a company, and with restrictions.. My point was, and still is, you, as a foreign person, can not own land in in los.

[Colki]

It was reported on AN some time ago police had raided an accountants / solicitors office in Patong (cannot remember which) investigating similar and is within time frame of date on documents produced in this instance.

 

By coincidence on thurs. afternoon my partner was sitting in Jomtien Hospital waiting on test results. In waiting room was falang and thai partner, in walked police (DSI) approached falang with documents in hand and asked if he was ....... They all left together.

 

 

[Sig]

3 hours ago, dinsdale said:

I've seen plenty of article fluffing on here before but this is rediculous.

Gotta get your lotto numbers from somewhere. Consider it a service 🙂

 

[John Drake]

4 hours ago, proton said:

These two seem very sure of themselves and the 30 year lease on the land,

 

 

 

This guy from New York or Jersey? House looks like hell on earth to me. So does the wife. But that's just personal preferences.

[impulse]

7 minutes ago, Excogitator said:

49% is not ownership. True, Americans have that option, but through a company, and with restrictions.. My point was, and still is, you, as a foreign person, can not own land in in los.

 

True.  I recall a few years back, they proposed allowing some foreign land ownership in order to attract high wealth individuals and foreign companies.  As I recall, it was limited to a small yard to build a residence.   Not farmland, and it was tied to investment that benefitted Thailand.  But I'm pretty sure that went nowhere. 

 

Edited March 16 by impulse

[shunter]

See another farang consultancy jumping on the band wagon of assistance in obtaining any type of visa you may desire,  along with promising a 150% profit within in a year if you invest in his broccoli (cannabis) plantation. Also promoting his property for rent or sale activities. Been here two years, hints at having influential Thai friends in high places. Also states the sales and export of his ''agricultural'' products are backed by a merchant bank. emptor caveat

 

https://www.instagram.com/richardklein.22/?locale=de

https://www.msn.com/en-gb/money/other/i-save-9-6k-a-year-rent-moving-from-london-to-thailand/vi-AA1jctYZ

[G_Money]

50 minutes ago, ujayujay said:

Dream on, you can be moved out at any time by the owner 

After the lease is expired.

[John Drake]

5 minutes ago, G_Money said:

After the lease is expired.

 

A lot of leases here have a 2 months notice for cancellation no matter the lease's length.

[G_Money]

Invest in your home country.  Rent and spend in Thailand.  KISS!

 
Worst case scenario.  Losing your rental deposit (which I never have) vs millions of baht.  Grab passport and perhaps a suitcase and go. 
 

Didn’t keep your home country home? Oh well, better luck next time.

[AdamTheFarang]

.

Edited March 16 by AdamTheFarang

[G_Money]

9 minutes ago, John Drake said:

 

A lot of leases here have a 2 months notice for cancellation no matter the lease's length.

Could be.  Never had that happen to me.  Pay rent on time, even a day or two early and taking care of the place helps.

 

IMO a 2 month clause, btw is sufficient time to move out is the owners way of getting rid of an undesirable tenant.

 

Hopefully the squatter phenomenon that is spreading like wildfire in America thanks to liberal laws won’t catch on in Thailand.

Edited March 16 by G_Money

[ChipButty]

1 hour ago, NorthernRyland said:

can't the developer legally issue leases on the land they own?

Yes 

[Andycoops]

Love it get the scum out

[proton]

1 hour ago, NorthernRyland said:

can't the developer legally issue leases on the land they own?

 

But what happens if the land is sold on to new owners, do these 30 year renewable leases still hold water?

[wensiensheng]

1 hour ago, impulse said:

 

I can't count the posts over the years from foreigners lamenting that they have to "give" someone 51% of their company to be legal.  I had many foreign vendors who had successfully operated in Thailand for years and never "gave" anyone any shares.   They did have Thai investors, who were often great partners with important contacts.

 

There's a ton of Thai money looking for investment opportunities.  If you can't find any Thais willing to invest 51%, you're either not talking to the right Thai people, or your idea probably isn't that good.

 

I can’t count the number of foreigners who have been shafted by Thai business partners.

 

I’m sure there is good and bad, but I personally would never enter a business partnership with a Thai person in Thailand. Their field, their rules, foreigner loses. Unless he/she is very lucky.

[saintdomingo]

1 hour ago, bradiston said:

And what the heck is the "Tracing and News Investigation Center"? 

Well they don't seem to have a Facebook page.

[Dolf]

4 hours ago, rexpotter said:

All attachments to anything earthly end in failure. Had all the stuff, designer wife, Big house great job, Benz, BMW etc. 25 years ago a grabbed backpack and left the keys in my Volvo at Chicago O'hare and never looked back.

Do you live in a cave?

[NoDisplayName]

6 hours ago, Chetzee said:

..... so to put in one sentance .    They helped create Ltd companies to facilitate land purchase ........ Is that what everyone else is read there ?    

 

How could that be?  I've been assured countless times by anonymous posters that it's perfectly legal for foreigners to own property by setting up shady shell companies.  Shirley, the government would never crack down on these activities.

 

But if true, I'd hope all the Swiss retirees out there would keep a low profile until this current round of xenophobia passes.

 

Otherwise, one or two more Thai ladies getting kicked or beaten, and immigration could start cracking down on retirees using agents to fake the financial requirements!

[daveAustin]

This happens a lot with Thai people and property overseas. It is called ownership. I'm surprised nobody is pointing!

[daveAustin]

Also, these guys should be forgiven because without the Brits and Americans, the whole world would be speaking German and Japanese and be drinking good beer... oh, wait! 

[Dolf]

Just now, daveAustin said:

Also, these guys should be forgiven because without the Brits and Americans, the whole world would be speaking German and Japanese and be drinking good beer... oh, wait! 

Only the Americans saved us in WW2. The Brits were losing.

[Dan O]

On 3/13/2024 at 5:06 PM, georgegeorgia said:

I think you may have mistaken me as as the preacher son  , I want more of these guys !

I enjoy thinking about their heartbreak the sad life's they left behind.

 

Last night I'm walking thru the streets in Australia approached by a indigenous homeless guy outside asking for money ,I said I will do better than that and bought him a cheap bottle of wine so he can totally get smashed and cause havoc 😅

 

 

6 hours ago, Chetzee said:

..... so to put in one sentance .    They helped create Ltd companies to facilitate land purchase ........ Is that what everyone else is read there ?    

Yep and this should help fuel the debate between the its legal to own property inside an LLC foreigner group and the its illegal for foreigners to own property within a company.