I have a couple of questions which I would appreciate any input on. Firstly to give relevant facts we are buying a house (farang couple) to live in not particularly to make money, rent out etc. Secondly I like to sleep soundly so would like this purchase to be as legal and as secure as possible, thirdly we have a lawyer and his advice is to put the house/land in the company. We already have a none trading nominee company set up with up to date books but as yet we have not transferred the land into it.
1. Is there such a thing as a partnership (one thai one farang) and can this have land put into it if the thai owns(legally) the majority of the assets? If yes can it be written in to the agreements that to sell any assets both parties have to agree?
2. Do all ltd companies have to have 7 thai shareholders? Is a legal company one that really does allow all shareholders a percentage of any profits and real voting rights. Can a real company own land and lease it out as it's only business? Is it legal to state that 80% of shareholders have to agree to any sales/changes to land,leases etc?
The reason behind these questions is we are going to own the house and could lease the land, but if there is a way in which we can have some control over the lease and subsequent renewals and have some share in the land value/profits (which we are paying for) legally it would be preferable.
Thanks for any input.
questions?
I think most people are reluctant to cast opinion on property debates any more as they always turn into a big argument with people cursing at each other and throwing insults.sam wrote:not even an opinion
The only suggestion I can make is get a good Bangkok lawyer to help you with these issues.
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
Thanks Buksida. I was not looking to stir trouble, just to see if anyone had used either of these routes and also trying to find out what is a genuine thai company as opposed to a fake.
On the house front we are more than happy with our purchase and choice of builder and looking forward to actually living there.
On the house front we are more than happy with our purchase and choice of builder and looking forward to actually living there.