Hi guys,

I was wondering if you could shed some light on this situation. I would like to rent out our family-owned townhouse to someone that would like to make it into their office space. What documents/legal processes/ registration procedures do I need to know about? I know there are foreign owned businesses that come right out of their home or shop houses, but I want to make sure I can keep everything with the books. Could you guide me?

Thanks!

As far as I am aware you don't need anything however, the people renting and registering the business will need the "Tabiaban" (house registration) of the property owner

You need to sign a "Letter of Consent" certifying that you agree top allow "XYZ Co., Ltd." to use your premises as their Company Registered Address.

Patrick

Am not 100% sure, but if you do rent out the townhouse to someone registering a company, you then have to make sure that you declare all income from said rental and pay taxes etc on it. A lot of people don't like to have companies registered because they are keeping any income under the table. As soon as you register a company there, it comes under scrutiny.