drum Posted March 18, 2011 Share Posted March 18, 2011 i have seen in thai a new build home/business,, where the building as a shop front for business and 2 upper levals for living accomadation,,,any one know how to go about buying,i want to buy and run a business,with no thai connection ie wife, any information please. Link to comment Share on other sites More sharing options...
robblok Posted March 18, 2011 Share Posted March 18, 2011 I think you will have to set up a company to be able to buy it because a farang cannot own land. Also the workpermit thing might be hard. Other way might be to lease the land and build the house. Link to comment Share on other sites More sharing options...
chooch7 Posted March 18, 2011 Share Posted March 18, 2011 wo thai connections -good luck getting customers! Link to comment Share on other sites More sharing options...
craigt3365 Posted March 19, 2011 Share Posted March 19, 2011 Let's move this over to the business forum. A biggie will be the work permit. Do you have one? Link to comment Share on other sites More sharing options...
drum Posted March 19, 2011 Author Share Posted March 19, 2011 Let's move this over to the business forum. A biggie will be the work permit. Do you have one? no i do not have a work permit, i dont doubt it will be a mine field trying to buy a home/business,,, just looking at my options,has im not marriad to a Thai,i dont like to lease,i like to own ,i think its better to own,if its possible, Link to comment Share on other sites More sharing options...
nong38 Posted March 20, 2011 Share Posted March 20, 2011 It sounds like you are ticking all the wrong boxes, looks like a no goer to me, sorry this Thailand not the west, rules are different here, take a good look around you, might I suggest a book that was mentioned to me. "Investment Guide to Thailand." Bruce Bickerstaff, from Silkworm Books (Chiang Mai) Shrewd in Sydney and London does not mean shrewd in Thailand. Link to comment Share on other sites More sharing options...
chooch7 Posted March 21, 2011 Share Posted March 21, 2011 this is one of those thai things that work for thais Link to comment Share on other sites More sharing options...
Sunbelt Asia Posted March 21, 2011 Share Posted March 21, 2011 You can establish a limited company in order to run your business but it must be majority owned by Thais (you can set up a preferential shares arrangement whereby allowing you voting control), 2 million baht in capitalization and 4 Thai employees will allow you a work permit. A foreigner can own the house but not the land either in his name or through his company as a shareholder. Sunbelt Asia has extensive experience in setting up limited companies and in obtaining the necessary lease agreements for house purchases. http://www.sunbeltlegaladvisors.com Link to comment Share on other sites More sharing options...
Firefan Posted March 21, 2011 Share Posted March 21, 2011 If getting involved in wanting to own a town house and establish a business there - I can only recommend you contact a good lawyer company, used to dealing with foreigners, such as Sunbelt. I have used Sunbelt for both visa, serviced office, setting up business and other services. I have compared their pricing with other similar lawyers and find their prices competitive. Unless they have changed policy, the first talk with them - describing the services you would need, explaining the rules and regulations and giving you a cost idea is free of charge. Hmmm.... nope, I don't work there - or have any financial ties with them - so before somebody accuses me of that; Sunbelt's coffee was not that good! Cheers! Link to comment Share on other sites More sharing options...
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