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Tell me why i cant invest money into it?

https://www.samuiforsale.com/knowledge/thai-business-law.html

http://www.telegraph.co.uk/finance/personalfinance/expat-money/9413075/Expats-warned-of-illegal-home-crackdown-in-Thailand.html

http://www.thailand-lawyer.com/thailand-shareholders.html

http://www.nortonrosefulbright.com/knowledge/publications/73019/an-overview-of-the-thailand-foreign-business-act-be-2542

Businesses Foreigners cannot engage in for special reasons

  • Newspaper publishing, radio or television broadcasting
  • Rice farming, arable farming or orchard farming
  • Rearing livestock
  • Forestry and the processing of wood from forests (naturally grown)
  • Fishery, only in relation to marine life in Thai waters and the specific economic zone
  • Extraction of Thai medicinal herbs
  • Trading and auctioning of Thai antiques or antiques which are of historical value to the country
  • Manufacture or casting of Buddha images and alms bowls
  • Trade in real property
I don't see a problem if the business is in his wife's name.

Or the brother in law's.

What could possibly go wrong?

Edited by smokie36
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Tell me why i cant invest money into it?

https://www.samuiforsale.com/knowledge/thai-business-law.html

http://www.telegraph.co.uk/finance/personalfinance/expat-money/9413075/Expats-warned-of-illegal-home-crackdown-in-Thailand.html

http://www.thailand-lawyer.com/thailand-shareholders.html

http://www.nortonrosefulbright.com/knowledge/publications/73019/an-overview-of-the-thailand-foreign-business-act-be-2542

Businesses Foreigners cannot engage in for special reasons

  • Newspaper publishing, radio or television broadcasting
  • Rice farming, arable farming or orchard farming
  • Rearing livestock
  • Forestry and the processing of wood from forests (naturally grown)
  • Fishery, only in relation to marine life in Thai waters and the specific economic zone
  • Extraction of Thai medicinal herbs
  • Trading and auctioning of Thai antiques or antiques which are of historical value to the country
  • Manufacture or casting of Buddha images and alms bowls
  • Trade in real property
I don't see a problem if the business is in his wife's name.

Or the brother in law's.

What could possibly go wrong?

What could possibly go wrong? cheesy.gif

Expats who own land illegally in Thailand could be deported under tough new laws being drafted by the government.

Thai ombudsman Siracha Charoenpanij said earlier this month that he was drawing up "carrot-and-stick" legislation to protect the country from illegal foreign nominee ownership.

Under Thai laws, foreign nationals are not allowed to own residential land. They can, however, buy apartments so long as no more than 49 per cent of a development is owned by foreigners. They can also purchase detached villas, but while they can own the house, they cannot own the land the house is on and are only able to lease it for 30 years at a time.

To get around these restrictions, some have entered into complicated structures whereby a company is set up to purchase the land. A Thai national holds the majority of shares in that company, but in reality may have no financial interest in the company and may own it on behalf of the foreign buyer.

It is these such "nominee ownership" arrangements that the government now wants to crack down on, and Charoenpanij has also proposed a reward – of 20 per cent of the land’s value when sold – for those providing information about illegal ownership. His plans also include penalties for lawyers or consultants who advise foreign buyers on nominee structures.

I am not trying to prove anything and get one up over people. I am only trying to make people aware before they get too excited and blow all money on something they can not be open about or own.

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Well if his wife owns it...it's none of the junta's business now is it?

I feel sure Cockwomble will be thanking me for my advice.

The right kind of ducks is very important too...although being partial to a bit of roast hog I'd rather he went into the pig business.

But that's not for everyone I understand.

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Well if his wife owns it...it's none of the junta's business now is it?

I feel sure Cockwomble will be thanking me for my advice.

The right kind of ducks is very important too...although being partial to a bit of roast hog I'd rather he went into the pig business.

But that's not for everyone I understand.

I never said i owned the land, so i cant see what royre cyber farang is going.

The American Lawyer firm seem most credible and reassuring.

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You can't beat a credible US law firm for giving peace of mind...and as you say they have a connection to ThaiVisa so they must be doing something right!

It goes without saying.

I do need thiugh to fjnd a good supplier of giats and dicjs, any suggestions?

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You can't beat a credible US law firm for giving peace of mind...and as you say they have a connection to ThaiVisa so they must be doing something right!

It goes without saying.

I do need thiugh to fjnd a good supplier of giats and dicjs, any suggestions?

I'm sure you'll find plenty of both right here Cockwomble...just wait and see!

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Tell me why i cant invest money into it?

https://www.samuiforsale.com/knowledge/thai-business-law.html

http://www.telegraph.co.uk/finance/personalfinance/expat-money/9413075/Expats-warned-of-illegal-home-crackdown-in-Thailand.html

http://www.thailand-lawyer.com/thailand-shareholders.html

http://www.nortonrosefulbright.com/knowledge/publications/73019/an-overview-of-the-thailand-foreign-business-act-be-2542

Businesses Foreigners cannot engage in for special reasons

  • Newspaper publishing, radio or television broadcasting
  • Rice farming, arable farming or orchard farming
  • Rearing livestock
  • Forestry and the processing of wood from forests (naturally grown)
  • Fishery, only in relation to marine life in Thai waters and the specific economic zone
  • Extraction of Thai medicinal herbs
  • Trading and auctioning of Thai antiques or antiques which are of historical value to the country
  • Manufacture or casting of Buddha images and alms bowls
  • Trade in real property

I agree with cyberfarang in that the majority of capital invested in a List 1 business must be provided by Thai nationals.

That said, if the business is majority Thai owned and the business deals in list 1 activities, a work permit can still be issued for a job covered in list 1.

One example would be a job description that covers trading in real estate. A foreigner can definitely get authorisation to do that from the Department of Labour.

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Tell me why i cant invest money into it?

https://www.samuiforsale.com/knowledge/thai-business-law.html

http://www.telegraph.co.uk/finance/personalfinance/expat-money/9413075/Expats-warned-of-illegal-home-crackdown-in-Thailand.html

http://www.thailand-lawyer.com/thailand-shareholders.html

http://www.nortonrosefulbright.com/knowledge/publications/73019/an-overview-of-the-thailand-foreign-business-act-be-2542

Businesses Foreigners cannot engage in for special reasons

  • Newspaper publishing, radio or television broadcasting
  • Rice farming, arable farming or orchard farming
  • Rearing livestock
  • Forestry and the processing of wood from forests (naturally grown)
  • Fishery, only in relation to marine life in Thai waters and the specific economic zone
  • Extraction of Thai medicinal herbs
  • Trading and auctioning of Thai antiques or antiques which are of historical value to the country
  • Manufacture or casting of Buddha images and alms bowls
  • Trade in real property

I agree with cyberfarang in that the majority of capital invested in a List 1 business must be provided by Thai nationals.

That said, if the business is majority Thai owned and the business deals in list 1 activities, a work permit can still be issued for a job covered in list 1.

One example would be a job description that covers trading in real estate. A foreigner can definitely get authorisation to do that from the Department of Labour.

That`s right, but the Farlang has to be listed as either a director, a nominee, a share holder or an employee of the company to gain a work permit and get authorisation from the Department of Labour and registered with the tax office. As far as I know unless someone can correct me? Farms are off limits to Farlangs anyway and I`ll still argue this till the ducks fly home.

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You can't beat a credible US law firm for giving peace of mind...and as you say they have a connection to ThaiVisa so they must be doing something right!

It goes without saying.

I do need thiugh to fjnd a good supplier of giats and dicjs, any suggestions?

I'm sure you'll find plenty of both right here Cockwomble...just wait and see!

Sometimes I wish there were more dilligaf's right here.

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At the end of the day, legalised by a Thai lawyer or not, it all comes down to whether the OP can trust his wife.

The old, oft repeated saying "don't invest more in Thailand than you can afford to lose" comes to mind. I have made various long term, small investments in our small farm here in Isaan, hope (hope my wife gets) to get some money back one day but I don't expect that to be soon. That's about as far as I will go along that road, apart from the fact that at age 68 I am unlikely to be much use working on a farm for much longer.

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Tell me why i cant invest money into it?

you go ahead CW and never mind what the others think,you have everything worked out.

money to start the bussiness,

a wife to help,

a good brother in law to look after the wife and ducks,while your away.

a legit lawyer,

make sure the wife has your ATM card.

what have you got to loose.

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Her brother seems like a good chap, and when I am away offshore he keeps an eye out for Missus CW

HE IS HER BROTHER? And hope it`s only an eye he is keeping on her. I still say a Farlang is not allowed to own a farm. My girlfriend wanted us to rent her brother`s 7 rai of land to grow and sell lum yai fruit. We will make a fortune I was told. I asked if it`s so good then why doesn`t her brother grow the fruit himself? Because he hasn`t got money to start it. Did not need to hire a lawyer it was easy to look it all up on the Internet. Everything said with loud alarm bells ringing, Farlang run or own farm in Thailand, CANNOT.

I would be interested in running a lum yai farm but do not want problems or be in a situation where I have to trust other people. Please point me in a direction anywhere on the Internet where it clearly says, a Farlang can get involved in agriculture in Thailand and under what circumstances?

I know of 2 farangs who own lamyai orchards.

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I've been on farms all my life and I would say that cows are better animals than ducks.

Got to love that country smell.

We have some buffalo, are you a farmer Truscott?

I have been known to dabble in farming but my area of expertise lies on another tangent.

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As well as the added bonus off having duck's eggs for brekkie every morning, you could have a very lucrative business branching into the sport sector.

There are posters on this forum who have shown an interest in duck hunting but can't seem to find the thread about this.

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As well as the added bonus off having duck's eggs for brekkie every morning, you could have a very lucrative business branching into the sport sector.

There are posters on this forum who have shown an interest in duck hunting but can't seem to find the thread about this.

We intend to have free range ducks, bith for meat and also eggs. Missus Cockwomble has found a Duck supplier, so that looks good.

Still looking to get some Goats, so we can really get started. Goat Curry should go down a storm, washed down with Ice Cold Leo

Driving on Route 21 will never be the same again

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I've been on farms all my life and I would say that cows are better animals than ducks.

Got to love that country smell.

We have some buffalo, are you a farmer Truscott?

I have been known to dabble in farming but my area of expertise lies on another tangent.

Truscott, you sound like you have a few ideas. Would be very interested to to hear some ideas. Will probably have a small play area for kids as well. Missus Cockwomble loves kids

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I've been on farms all my life and I would say that cows are better animals than ducks.

Got to love that country smell.

We have some buffalo, are you a farmer Truscott?

I have been known to dabble in farming but my area of expertise lies on another tangent.

Truscott, you sound like you have a few ideas. Would be very interested to to hear some ideas. Will probably have a small play area for kids as well. Missus Cockwomble loves kids

Love the idea of a play area on a working farm.Have to be careful though, farms can be such aromatic smelly places.

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Mate of mine kept a couple of goats for a while. He bought them off Muslim families in the nearby town. They often have them. Trouble with goats is they eat everything, and I mean everything. Eventually he had to get rid of them as they completely destroyed his garden.

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As well as the added bonus off having duck's eggs for brekkie every morning, you could have a very lucrative business branching into the sport sector.

There are posters on this forum who have shown an interest in duck hunting but can't seem to find the thread about this.

We intend to have free range ducks, bith for meat and also eggs. Missus Cockwomble has found a Duck supplier, so that looks good.

Still looking to get some Goats, so we can really get started. Goat Curry should go down a storm, washed down with Ice Cold Leo

Driving on Route 21 will never be the same again

There is a simple reason why goat is not popular in non muslim areas and that is that Thais just dont like the smell or taste of it,same to a lesser degree with lamb.

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As well as the added bonus off having duck's eggs for brekkie every morning, you could have a very lucrative business branching into the sport sector.

There are posters on this forum who have shown an interest in duck hunting but can't seem to find the thread about this.

And how do you propose to get domestic ducks to fly at will.blink.png

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As well as the added bonus off having duck's eggs for brekkie every morning, you could have a very lucrative business branching into the sport sector.

There are posters on this forum who have shown an interest in duck hunting but can't seem to find the thread about this.

And how do you propose to get domestic ducks to fly at will.blink.png

Why would you want the ducks to fly?

Surely if the ducks are flying that would make them to difficult to hit.

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Tell me why i cant invest money into it?

https://www.samuiforsale.com/knowledge/thai-business-law.html

http://www.telegraph.co.uk/finance/personalfinance/expat-money/9413075/Expats-warned-of-illegal-home-crackdown-in-Thailand.html

http://www.thailand-lawyer.com/thailand-shareholders.html

http://www.nortonrosefulbright.com/knowledge/publications/73019/an-overview-of-the-thailand-foreign-business-act-be-2542

Businesses Foreigners cannot engage in for special reasons

  • Newspaper publishing, radio or television broadcasting
  • Rice farming, arable farming or orchard farming
  • Rearing livestock
  • Forestry and the processing of wood from forests (naturally grown)
  • Fishery, only in relation to marine life in Thai waters and the specific economic zone
  • Extraction of Thai medicinal herbs
  • Trading and auctioning of Thai antiques or antiques which are of historical value to the country
  • Manufacture or casting of Buddha images and alms bowls
  • Trade in real property

I agree with cyberfarang in that the majority of capital invested in a List 1 business must be provided by Thai nationals.

That said, if the business is majority Thai owned and the business deals in list 1 activities, a work permit can still be issued for a job covered in list 1.

One example would be a job description that covers trading in real estate. A foreigner can definitely get authorisation to do that from the Department of Labour.

That`s right, but the Farlang has to be listed as either a director, a nominee, a share holder or an employee of the company to gain a work permit and get authorisation from the Department of Labour and registered with the tax office. As far as I know unless someone can correct me? Farms are off limits to Farlangs anyway and I`ll still argue this till the ducks fly home.

I have been in farming for 50 years +. Initially from UK but worked in many countries. Regarding Thailand I was engaged by an English livestock provider as a freelance consultant. Some years later I was engaged by a Thai farming company directly ( with work permit ) as a freelance consultant for 10 years based in Thailand. As for a falang owning land that's a no no. As for a falang spending their money on other peoples land that's easy just wave it goodbye. Working on a farm you will need a work permit, even if you are only a pen pusher - the risk is up to you.

As for goat meat, its a "hot" meat, not popular here, except perhaps with the Muslim community. Goats milk, yes may be a market but what do you do with the kids ? Sheep may also be an alternative for the Muslim community

Ducks are highly susceptible to disease especially DVH and DP, in the past few years thousands were lost to some unknown bacterial or viral infection.

Pekin is the best meat duck but Muscovy is common. Alternatively you could cross a Kaiya ( Tsaiya x Pekin ) with a Muscovy.

Organic is another possible outlet for farm produce.

However you wish to "invest" your money farming is tough and even harder if there is no water.

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As well as the added bonus off having duck's eggs for brekkie every morning, you could have a very lucrative business branching into the sport sector.

There are posters on this forum who have shown an interest in duck hunting but can't seem to find the thread about this.

And how do you propose to get domestic ducks to fly at will.blink.png

Why would you want the ducks to fly?

Surely if the ducks are flying that would make them to difficult to hit.

Because it is an unwritten law that you do not shoot a "sitting duck",That is called slaughter ,not sport.

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