September 8, 200817 yr I used to own several properties all in the one company up until a few years ago....I am out of Thailand now but looking to return next year again full time... if anyone has any experience with the above titled please add your comments
September 9, 200817 yr Author I used to own several properties all in the one company up until a few years ago....I am out of Thailand now but looking to return next year again full time...if anyone has any experience with the above titled please add your comments is this a NO then or do people just not like me
September 9, 200817 yr It will generally take the gov. about 5 years to close the company for non-payment of taxes. Then, the gov. may or may not look at company assets, and find the properties. Or, the company may exist for 10 years without being closed for non-payment of taxes, and not get closed. PM me, and I will send you my email address and get you in touch with someone who can take care of it, if your property is in Pattaya. I know someone who had 4 properties, 4 companies. Never paid taxes on anything. Knew nothing. One company closed by the commercial office, and three still open. OUTCOME: The closed one will have to have an attorney file papers to go to court to have it reopened, pay back taxes and penalties. The open companies will have to pay back taxes and penalties for many years. No attorney required, only your accountant to prepare the balance sheet and tax papers. It is a lot of work so it is not cheap cheap like the normal yearly filing.
September 9, 200817 yr I've never heard of it happening yet. The question has been asked on many Thai boards over the past few years and I have yet to see a post answering 'yes'.
September 10, 200817 yr I used to own several properties all in the one company up until a few years ago....I am out of Thailand now but looking to return next year again full time...if anyone has any experience with the above titled please add your comments is this a NO then or do people just not like me Yes, this is a No. And yes we also don't like you (just kidding )
September 10, 200817 yr Author Many thanks to all those who posted....think I will rent for the first bit of coming back anyway
September 10, 200817 yr Been involved with real estate for 12 years in Pattaya and never seen anyone lose a house because of company ownership.
September 10, 200817 yr Many thanks to all those who posted....think I will rent for the first bit of coming back anyway This is a very wise decision.
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