50 million bht to Thailand, tax implications

[edwinchester]

Hi, a friend in the UK is considering retiring in Thailand in maybe 4 years time.

They have in the region of 50 million bht to spend on a high end property.

1. What is the best way to bring such a sizeable amount to Thailand?

2. What are the potential tax implications of such an amount arriving in your Thai bank account?

I have already suggested they see a reputable expat friendly Thai based accountant on their next trip here so any recommendations from your good selves would be gratefully received.

[Ralf001]

Cash is king.

[FlorC]

Does he know he cannot own land in Thailand.

So only the 30 year lease or an "high end" apartment ?

 

Bringing it in as a company , not a private person ?

Bringing it in , in a year that he is less than 180 days in Thailand.