Welcome to Thailandblog.nl
With 275.000 visits per month, Thailandblog is the largest Thailand community in the Netherlands and Belgium.
Sign up for our free e-mail newsletter and stay informed!
Newsletter
Language setting
Rate Thai Baht
Sponsor
Latest comments
- George: ABP will be the only pension fund to reduce the pension. In my case with a small amount less than 100 euros per month. Take c
- Khoen: Thai law provides that foreigners are not allowed to work. Certainly not if it is a “forbidden” profession such as
- Arno: Actually strange, a Dutch person may pay for the house, but could not have a house in his/her name, so he has a yellow house bo
- Arno: No idea how Scholl is in terms of quality, I have already bought Bata sandals a few times in Thailand, Bata, a very well-known brand
- Khoen: The problem is that Hans is not a partner within the meaning of Thai law, just a friend. He doesn't inherit. Well, the family. Without l
- Khoen: French, getting married in front of the Buddha only has a ceremonial meaning and there is no law in Thailand and certainly not in the Netherlands
- Walter Young: I have been coming to Thailand for years and I know that a diving school in any country is allowed to have 2 foreign employees where they
- Hans Udon: Maybe your son should go to Ko Tao and talk to diving instructors there. And ask how they do that. And don't worry
- Eric Kuypers: Khoen, don't you see too many bears on the road? Hans is not married. If his partner dies then her heirs inherit, I suspect
- Eric Kuypers: Khoen, I don't agree with you. The criterion for going from the 70% to the 50% AOW benefit is marriage and/or cohabitation. See
- Pjotter: If you really live alone, Frans, I wouldn't take any risks and make sure that everything indicates that you live there alone. To the ta
- Peter Albronda: Dear Lung Addie, I read with attention your response about the geomagnetic storms. From your text I gather that you, just like me, have a
- Mark: I have also done some “research” for myself about freelance work in Thailand. By the way, I am a resident of Thailand. Voo
- Bert Matthys: Peter Yai, it's the Pongsin Resort I think you mean?
- Stefan: Correction: Source: The Rudi & Freddie Show! :-) https://shorturl.at/iozS1
Sponsor
Bangkok again
Menu
DOSSIERS
Learning objectives and topics
- Background
- Activities
- Advertorial
- Diary
- Tax question
- Belgium question
- Sights
- Bizarre
- Buddhism
- Book reviews
- Column
- Corona crisis
- The Culture
- Diary
- Dating
- The week of
- Dossier
- To dive
- Economy
- A day in the life of…..
- Islands
- Food and drink
- Events and festivals
- Balloon Festival
- Bo Sang Umbrella Festival
- Buffalo races
- Chiang Mai Flower Festival
- Chinese New Year
- Full Moon Party
- Christmas
- Lotus Festival – Rub Bua
- Loy Krathong
- Naga Fireball Festival
- New Years Eve celebration
- Phi ta khon
- Phuket Vegetarian Festival
- Rocket festival – Bun Bang Fai
- Songkran – Thai New Year
- Fireworks Festival Pattaya
- Expats and retirees
- state pension
- Car insurance
- Banking
- Tax in the Netherlands
- Thailand tax
- Belgian Embassy
- Belgian tax authorities
- Proof of life
- DigiD
- emigrate
- To rent a house
- Buy a house
- In memoriam
- Income statement
- King's day
- Cost of living
- Dutch embassy
- Dutch government
- Dutch Association
- News
- Passing away
- Passport
- Retirement
- Drivers license
- Distributions
- Elections
- Insurance in general
- Visa
- work
- Hospital
- Health insurance
- Flora and fauna
- Photo of the week
- Gadgets
- Money and finance
- History
- Health
- Charities
- Hotels
- Looking at houses
- Isaan
- Khan Peter
- Koh Mook
- King Bhumibol
- Living in Thailand
- Reader Submission
- Reader call
- Reader tips
- Reader question
- Society
- marketplace
- Medical tourism
- Environment
- Nightlife
- News from the Netherlands and Belgium
- News from Thailand
- Entrepreneurs and companies
- Education
- Research
- Discover Thailand
- Opinions
- Remarkable
- Calls
- Floods 2011
- Floods 2012
- Floods 2013
- Floods 2014
- Winter prices
- Politics
- Poll
- Travel stories
- Travel
- Organizations
- Shopping
- Social media
- Spa & wellness
- Sport
- Cities
- Position of the week
- The beach
- Language
- For sale
- TEV procedure
- Thailand in general
- Thailand with children
- thai tips
- Thai massage
- Tourism
- Going out
- Currency – Thai Baht
- From the editors
- Real estate law; and
- Traffic and transport
- Visa Short Stay
- Long stay visa
- Visa question
- Flight tickets
- Question of the week
- Weather and climate
Sponsor
Disclaimer translations
Thailandblog uses machine translations in multiple languages. Use of translated information is at your own risk. We are not responsible for errors in translations.
Read our full here disclaimer.
Royalty
© Copyright Thailandblog 2024. All rights reserved. Unless stated otherwise, all rights to information (text, image, sound, video, etc.) that you find on this site rest with Thailandblog.nl and its authors (bloggers).
Whole or partial takeover, placement on other sites, reproduction in any other way and/or commercial use of this information is not permitted, unless express written permission has been granted by Thailandblog.
Linking and referring to the pages on this website is permitted.
Home » Reader question » Reader question: Possibility to take over an existing company
Reader question: Possibility to take over an existing company
Dear readers,
I have the opportunity to take over an existing company. I have a few questions about this:
- What should I watch out for when taking over?
- Can I take it over and put it in my own name?
- If I were to buy a condo that is now on Thai name, can my company take over so that the condo will be on the company name and no longer Thai name?
- Can I sell later (if that condo is on company name) to a Falang or Thai or only to another company or do I have to sell the company with the condo to the Thai or Falang?
- You see I do have a number of questions and who can advise me on this?
Regards,
Bob
The best advice for such a matter is best to ask a lawyer. Then you have the best chance of getting a correct answer.
I don't quite understand the question.
Do you now want to take over a company and put it in your name and then that company (in your name) will buy a condo?
That condo: for yourself or for the rental?
Don't forget to research the past of that company. There may be corpses in the closet, such as claims from creditors and tax authorities or that the company is involved in proceedings about damage and the like. Or maybe people or companies have a claim on some shares?
Perhaps it would be better to set up your 'own' company and, after thorough research, take over the assets of the other cy; then you know what you are buying.
If your company is a Co., Ltd. means there are at least 3 shareholders anyway and the maximum property is in the hands of all foreigners 49,99%
You must file an annual tax return even if it is a dormant Co., Ltd. is. That sleep is often used by companies that expect a problem with the tax authorities if they close the business properly. This closing also costs an extra annual statement to record the period in liquidation.
I am also curious what the reason is for an existing Co., Ltd. to take over. Is this for business activities or to buy real estate? As far as I know there is no reason to have a Co., Ltd when buying a condo as you are buying an apartment right not land.
1; what legal form the company has, due to many debts that are on this BV, for example, which you then take over.
2; yes you can, but a joint venture with a Thai is faster and easier.
3; yes you can buy a condo on a company, but with a certain legal form, and if you sell it later there will be additional costs, deducted VAT, from the beginning, etc.
4, yes can but cost more from company to farang , ( private)
5, indeed, consult a corporate tax advisor in Thailand, who knows everything.
another important thing, do not work with black money, nowadays everyone sees everything, Thailand passes everything on to the Netherlands, next year.
good luck with your business there, take someone who has no relationship with the seller.
Talked to a few people and apparently it's hard to sell an existing company. Falang are afraid because government could easily decide that company is only for doing business and not for buying houses or condos.
A condo is "usually possible" in your own name, you don't have to have a company for that
What product or service does that company actually sell? Or is there a ghost company to register real estate?
Anyway, every company has to pay taxes (also for the registered staff)
Are you aware that you cannot just sell that company, there is hardly any demand for it and setting up a company yourself is not very difficult.
And sellers who say it is risk-free and not a problem, you should look them in the eye.
Seeing this you don't seem to know much about companies. And you would take that on the advice of replies to this forum? If I were you I'd stay off it...