Register A Company To Buy A Condo ? How Much ? How Long ? Why ? Who ?

[frenchfarangjomtien]

Register a company to buy a condo ? How much ? How long ? Why ? Who ? Can i make in within 1 day ? What are the consequences ? (tax, etc)

hi, i read here before that it's a good idea to register a company in the purpose of buying a condo but i can't remember and find again why, can you help ?

The only thing i know is that you pay less tax when you sell the company shares than when you sell the condo directly to someone else, is it true ?

Any other information (name of lawyer to register the company tomorrow !) will be appreciated.

Thanks a lot.

[frenchfarangjomtien]

It would help if we knew where you are?

Bangkok, Pattaya, Chiang Mai etc

Bangkok and Pattaya please.

[astral]

PM sent.

[frenchfarangjomtien]

Thank you so much !

Will contact tomorrow.

[PattayaParent]

It's NEVER a good idea to register a company to buy a condo.

A Farang can own a condo outright in their own name.

Don't buy any other way.

[Boater]

It's NEVER a good idea to register a company to buy a condo.

A Farang can own a condo outright in their own name.

Don't buy any other way.

unless the particlar building he is after has alread sold out on the foriegn quota

[frenchfarangjomtien]

Thanks, but i still wonder why someone said that it's better to sell shares of a company than a condo directly.

Also, why so many ads show condos in company names ? People must have a reason to buy in company name ?

[PattayaParent]

It's NEVER a good idea to register a company to buy a condo.

A Farang can own a condo outright in their own name.

Don't buy any other way.

unless the particlar building he is after has alread sold out on the foriegn quota

Plenty more buildings out there that have Farang quota available.

[PattayaParent]

Thanks, but i still wonder why someone said that it's better to sell shares of a company than a condo directly.

Also, why so many ads show condos in company names ? People must have a reason to buy in company name ?

Was that 'someone' a someone that was trying to sell you a condo by any chance?

[frenchfarangjomtien]

No someone, i'm just interested to know if there is any better way to buy and sell than doing in in my name, also because i wonder if after buying and selling too many condo they could suspect that i do it as a real job...

[rgs2001uk]

No someone, i'm just interested to know if there is any better way to buy and sell than doing in in my name, also because i wonder if after buying and selling too many condo they could suspect that i do it as a real job...

Oh dear oh dear, how reassuring to know that even in the current econmic climate the entrepreneurial spirit is still alive and well, cant keep a good man down.

Trust that work permit is in order.

[astral]

Buying a Condo in your own name is much simpler.

I only used the company route because I wanted a house.

Taxes, expenses and paperwork each year are a pain.

I pay tax on rent each year, to live in my own house.

[Chunky1]

op hasn't bought a condo yet but is afraid that the Thai gov might found out that he buys and sells condo as his job?

[frenchfarangjomtien]

op hasn't bought a condo yet but is afraid that the Thai gov might found out that he buys and sells condo as his job?

you think too mutt :-) You must be Thai :-)