norrona Posted September 8, 2008 Share Posted September 8, 2008 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 Link to comment Share on other sites More sharing options...
norrona Posted September 9, 2008 Author Share Posted September 9, 2008 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 Link to comment Share on other sites More sharing options...
LennyW Posted September 9, 2008 Share Posted September 9, 2008 A resounding NO! - never happened! Link to comment Share on other sites More sharing options...
eljeque Posted September 9, 2008 Share Posted September 9, 2008 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. Link to comment Share on other sites More sharing options...
johnnyk Posted September 9, 2008 Share Posted September 9, 2008 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'. Link to comment Share on other sites More sharing options...
donx Posted September 10, 2008 Share Posted September 10, 2008 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 ) Link to comment Share on other sites More sharing options...
Gary A Posted September 10, 2008 Share Posted September 10, 2008 Not yet ! Link to comment Share on other sites More sharing options...
norrona Posted September 10, 2008 Author Share Posted September 10, 2008 (edited) Many thanks to all those who posted....think I will rent for the first bit of coming back anyway Edited September 10, 2008 by norrona Link to comment Share on other sites More sharing options...
Eastcoast Posted September 10, 2008 Share Posted September 10, 2008 Been involved with real estate for 12 years in Pattaya and never seen anyone lose a house because of company ownership. Link to comment Share on other sites More sharing options...
donx Posted September 10, 2008 Share Posted September 10, 2008 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. Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now