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Reader question: Buying a piece of land in Thailand through an LTD, please advise

By Submitted Message
Posted in Reader question
Tags: ,
November 2 2014

Dear readers,

I intend to buy a piece of land in Saraburi. According to the information I received, I can register this with an LTD to be established by me.

Can an experience expert explain to me how exactly the procedure works and possibly an idea of ​​the costs?

Thanks in advance,

Robert

Number of times read: 168

10 responses to “Reader question: Buying a piece of land in Thailand through an LTD, advice please”

  1. Jasper says up
    2 November 2014 at 08: 43

    Please provide some more information first. If the Ltd is solely intended to build a house on the land, this is strictly prohibited. There is also active investigation.

    For other purposes (factory, active company) the Chamber of Commerce seems to me to be the appropriate route for information.
    Another side note: Plans are being made to deny foreign companies DE FACTO the right to decide on their “own” company, etc. For example, the supervisory board may no longer consist solely of foreigners.
    Everything for the Thai Bassie, in other words.
    If this continues, it could have very fundamental negative consequences for the entire investment climate in Thailand, and I mean mainly for the foreign investors involved.

    • janbeute says up
      2 November 2014 at 14: 43

      Another reaction if it were true.
      And I'm afraid knowing Thailand that it is indeed so.
      Another reason for a splitting headache.
      People please believe me.
      They don't want foreigners here in Thailand who can only get 1 or XNUMX square centimeter of whatever.
      Thailand is for the Thais and certainly for the Elite Thais.
      Fortunately, Asean 2015 is coming up in a few weeks.
      There are several countries in South East Asia , pay attention to them earlier .
      Do you want to do something? Unfortunately, I am now too old for this.
      But Myanmar is still high on my list.
      Why always want to buy houses and land in Thailand, there is nothing else in the surrounding countries.
      They are very stubborn here and are stuck in their old culture and principles.
      Let them feel that there is something else outside Thailand .
      Jan Beute.

  2. Renevan says up
    2 November 2014 at 10: 32

    Have a look at this site. http://www.siam-legal.com/realestate/thailand-buying-land.php

  3. grain says up
    2 November 2014 at 10: 50

    Is indeed possible. BUT you can only own 49% of that Ltd. So you must have co-partners. At least 2 that do NOT collude otherwise you will still lose your ground. Usually the civil-law notary/lawyer has someone in stock who will sell his name for a 'small price'. Then ensure anonymity and perhaps more than 2 shareholders. Good luck.

  4. nico says up
    2 November 2014 at 12: 15

    Dear Robert,

    It has already been commented on, a Ltd just for a house is NOT allowed and will be confiscated.

    But much worse is that the Thai is (in my opinion) taking a completely wrong path.
    By protecting the country, the economy will come to a standstill (see Zimbabwe and Venezuela)

    If you already see the difference between Thailand and Malaysia and especially Kuala Lumpur, it is huge.
    In Malaysia you have no protection at all, freely accessible without a visa, invest and buy land as much as you want. It's booming business in Malaysia. In Kuala Lumpur, there are just as many concrete mixer trucks and other building materials trucks as passenger cars. Very unfortunate about this beautiful Thailand.

    But yes, military and economist simply do not go together, we have seen that with Suriname.

  5. tinus says up
    2 November 2014 at 13: 00

    If you give me your email I can send you an email explaining in detail how you can buy land here as a foreigner by setting up a "company". Got it sent to me by a broker here.

    • Robert Katz says up
      2 November 2014 at 14: 28

      Dear Tinus,
      The data can be sent to the email below
      Many thanks in advance,
      Robert Katz
      [email protected]

  6. Robert Katz says up
    2 November 2014 at 14: 26

    Thanks Jasper,
    . http://www.siam-legal.com/realestate/thailand-buying-land.php
    I received the link below from René..
    The data shows that it is indeed possible .... will therefore have to consult a specialist
    I remain careful.
    Thanks

  7. Willem van der Vloet says up
    2 November 2014 at 18: 31

    Hi Robert,

    It's about land, not a house. And it's about a Thai Ltd. under foreign leadership. yes right? That is still possible now. Many lawyers 'swear' by such a construction because then one remains 'on the job', isn't it? My opinion is that it is only wise if there is actual use of the Ltd. is made. Pointless, very inconvenient and soon as possible very difficult to do this if the Ltd. set up only for control of land by a foreigner. It starts with some paperwork and depositing at least half of the share capital. Minimum 1M. for which one has to pay 5.000 Baht + registration costs and fees. Further. A company must function, so there must be income and expenses that must be administered to feed the annual accounts. An accountant makes those documents for about 10k Baht and one is obliged to have those annual accounts approved by an 'auditor', which also costs 5k. Furthermore, the necessary red tape with the tax authorities, which also has to be paid. All return annually.

    Again my opinion: Take out a lease for 2 x 30 years. You can register immediately for the first 30 years. The 2nd period is done later, which must be properly recorded in a legally correct agreement. After doing that you can also record 'usfruct' or 'right over land'. Much more security at low cost. I now have a lot of experience with fully checking Thai land in this way, also with regard to inheritance issues, and I am convinced. the right legal route that covers the practice.

    Good luck and warm regards,

    Wim

    For questions you can email to: [email protected]

    • Renevan says up
      3 November 2014 at 01: 41

      I have looked at many lawyers' websites for information and this information seems correct to me. If you do it right, buying land and house in Thailand should not cause any problems.


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