Thailand Cracks Down on Foreigners Using Thai Nominees

[DaRoadrunner]

2 hours ago, norsurin said:

The next is foreign properties.. condos.. apartments etc etc

They will tax it and take it.

If they let us own land they would not have this problem of nominees. Seems like the racist Thais want our money but they don't want us.

[norsurin]

6 minutes ago, DaRoadrunner said:

If they let us own land they would not have this problem of nominees. Seems like the racist Thais want our money but they don't want us.

That will never happen.True that they just want our money.I will never ever invest anything in Thailand.

I dont want or need that.My money stays in my bank for myself and spend when i want something.But not any kind of properties in Thailand.

[Ralf001]

16 minutes ago, crazykopite said:

Why are you envious of those who can afford to go this route 

 

nope not at all... am happy to live in a rental my employer pays for, when I get bored of it I can easily move !

[NativeBob]

22 minutes ago, Ralf001 said:

 

nope not at all... am happy to live in a rental my employer pays for, when I get bored of it I can easily move !

Good idea! way better than that hassle 

[kuzmabruk]

3 hours ago, Marco51 said:

The Chinese designed plague changed the whole world, yes.....................

Just wait.   President Xi is readying Covid-25.  I expect that release date will be sometime soon after McDonald Trump takes office.  Perfect cover for a rapid invasion and seizure of Taiwan.  

[kiwikeith]

6 hours ago, Aussie999 said:

here we go again.... is this an attempt to draw attention away from Thaksin...or the Red Bull dude, or any number of issues.

If you're driving from Cha Amm to Hua hin you will pass a massive development of condos now rotting away, someone put a tonne of money into them it looks like a write off of money or a wash house off a large amount, who knows??

[proton]

I know a Chinese woman who has a Thai nominee father for one of her kids, so she can get an extension. Chinese husband and real father is on a retirement  extension that you are not permitted to work on. He goes out to work everyday, and of course they managed to buy a house. 

[lch]

6 hours ago, watchcat said:

 

Hope this includes Cinese nationals.

Me too, i just hate CINESE, by the way who are they?

[lch]

45 minutes ago, norsurin said:

That will never happen.True that they just want our money.I will never ever invest anything in Thailand.

I dont want or need that.My money stays in my bank for myself and spend when i want something.But not any kind of properties in Thailand.

I wish i had your attitude, i have lost allot trying to do it right, right does not work in the land of LIES!

[Frankie baby]

Thai nominees are the law, put in place to keep the cash flowing in and the Thais in control.

Seems the cash is being filtered elsewhere. Changes ahead. 

[lch]

2 hours ago, TimBKK said:

By “done correctly” what do you mean?  Didn’t think Amity had any intersection with property, but please correct if I am wrong.

I am English, i believe Americans can own 1 rai, correct me if i am wrong, i am not trying to make a smart comment, something to do with the Vietnam war.

[tomazbodner]

I guess there will soon be lots of fancy villas and condos available for sale on the cheap side...

[BigStar]

1 minute ago, tomazbodner said:

I guess there will soon be lots of fancy villas and condos available for sale on the cheap side...

 

I was wondering if we were going to enjoy playing the scary music for our members who own property in a company name. Glad the tradition is respected.

[BigStar]

57 minutes ago, norsurin said:

My money stays in my bank for myself and spend when i want something.But not any kind of properties in Thailand.

 

I do both. So, besides spending when I want something, I've enjoyed living in my condo at the beach in Pattaya for over 2 decades. Best investment I ever made. I think I've got another 10 years at least.

[lch]

1 hour ago, DaRoadrunner said:

If they let us own land they would not have this problem of nominees. Seems like the racist Thais want our money but they don't want us.

Not a truer statement ever said.  Why can we not own 1 or 2 ria?  We are not hurting the majority of Thais that cannot afford to buy it!

[UWEB]

11 minutes ago, tomazbodner said:

I guess there will soon be lots of fancy villas and condos available for sale on the cheap side...

You don't need a Thai nominee to own a Condo.

[quake]

4 minutes ago, UWEB said:

You don't need a Thai nominee to own a Condo.

No

 

[BigStar]

5 minutes ago, UWEB said:

You don't need a Thai nominee to own a Condo.

 

True, but foreigners sometimes resort to a company to buy a condo in the Thai quota when the foreign quota is already sold out. I guess they really, really want to be in that building for some reason.

[StraightTalk]

38 minutes ago, lch said:

 i just hate CINESE, by the way who are they?

You have a serious problem!

[StraightTalk]

7 minutes ago, BigStar said:

I guess they really, really want to be in that building for some reason.

Then they should be aware of possible consequences or their decision.

[BigStar]

1 minute ago, StraightTalk said:

Then they should be aware of possible consequences or their decision.

 

In fairness, it's often hard to know what to believe. Lawyers always claim no problem, some honcho verified the periodic crackdowns don't apply to simple property ownership for a residence. Me, I wouldn't take the risk, and I wouldn't want the extra paper work and tax. But, up to them. 

[wensiensheng]

How about a crack down on Thai nominees facilitating foreigners to illegally operate businesses?

[wensiensheng]

1 hour ago, proton said:

I know a Chinese woman who has a Thai nominee father for one of her kids, so she can get an extension. Chinese husband and real father is on a retirement  extension that you are not permitted to work on. He goes out to work everyday, and of course they managed to buy a house. 

Break one law, might as well break them all

[Nid_Noi]

1 hour ago, kiwikeith said:

If you're driving from Cha Amm to Hua hin you will pass a massive development of condos now rotting away, someone put a tonne of money into them it looks like a write off of money or a wash house off a large amount, who knows??

Are you talking about the Energy, the worst and ugliest condo development in Thailand. Only in Macau or New Territories can you find this type of development. We are not talking brown kraft envelopes but ocean freighters.

[Captain Flack]

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[Aleksey75]

And why posting only Chinese passports and yuan?!?! There are other nationalities involved....

[BigStar]

28 minutes ago, Aleksey75 said:

And why posting only Chinese passports and yuan?!?! There are other nationalities involved....

 

Hey--one crackdown at a time, please.

[LennyW]

4 hours ago, hotchilli said:

Does that mean the Chinese will no longer be able to purchase a rather large and strategically placed parcel of land coming up for sale in BKK and build a hotel on it?

 

2 hours ago, DaRoadrunner said:

If they let us own land they would not have this problem of nominees. Seems like the racist Thais want our money but they don't want us.

 

1 hour ago, lch said:

Not a truer statement ever said.  Why can we not own 1 or 2 ria?  We are not hurting the majority of Thais that cannot afford to buy it!

 

Meanwhile, another new topic...... Thailand Considers Law Revisions to Attract Foreign Real Estate Investment

[BritScot]

It must be legal! A loophole yes but illegal, no! All this fuss, simple answer is close the loophole and job done! But wait, that would drive away money/business and the collection of those nice fat brown envelopes....

[black tabby12345]

8 hours ago, Aussie999 said:

here we go again.... is this an attempt to draw attention away from Thaksin...or the Red Bull dude, or any number of issues.

 

A stupid smoke screen for distraction indeed.

They say doing this To Protect Thai's Employment and Business Opportunities. 

Reality: Some Thais lose their jobs(of informal employment) all of sudden because of the forced closure of their workplaces.