Foreigners can no longer buy houses in Thailand via company.

[Burger]

oops

[tuktukmike]

I will say again,

If Thailand wanted farangs to own land do you not think they would simply change the law?.

Now where was i.

Raindrops keep falling on my head.

Mike.

[malcolminthemiddle]

Hey i think we are all going around in circules.

Agreed, the reason? The continuous conjecture being posted.

[Burger]

tuktukmike wrote:

If Thailand wanted farangs to own land do you not think they would simply change the law?
Now where was i.
Raindrops keep falling on my head.

Comedy, is that all we get ?.

You made specific claims that foreigners owning companies and land were in trouble now, going to be investigated, taken to court and lose their land/houses.
You put fear and concern into many on here.

Now the government has put in black and white what checks they would like to carry out we find they are already carried out if your company was set up correctly.
Your claims over the past months have turned to dust.

Any apology in the offing for those back home in Europe who read your claims and were concerned ?
I won't hold my breath


Burger

[hogus]

I think it isn't a change of subject...it just underline, why the circumvent of land-law (by using a company) is under investigation now.
TTM is true...if TH would like to have farangs as owners of land & house they simply change the law.
It's easy, isn't it?

Please, remember also about Silverbird's suggestions posted on page 15.
In my eyes it’s the best opportunity people have in the moment.
Reality should be accepted, even if it hurts the business of someone, right?

[tuktukmike]

Burger

With respect maybe comedy as you call it is better than constant denial.

Where,

You made specific claims that foreigners owning companies and land were in trouble now, going to be investigated, taken to court and lose their land/houses.
You put fear and concern into many on here.

In fact another couple came to my house today and the same as your friends, my advice.

Contact their Embassy for advice about purchase or contact a good lawyer in Bangkok for real advice.

Please dont hold your breath as it may affect your good health.

Maybe now you would like to enlighten the board of your interest in this subject.

Mike.

[Burger]

tuktukmike wrote:

Where,
You made specific claims that foreigners owning companies and land were in trouble now, going to be investigated, taken to court and lose their land/houses.

where ? where ? are you disassociating yourself from your previous comments now that they have not turned out to be true ?

How about these comments for starters:
tuktukmike wrote:

Anyone who has bought a house through the company route could now be in serious trouble

they can seize the property pending a court case. It will then be for the courts to decide if and how much you may recieve from the sale of your land

how do you live with yourself having in many cases taken peoples life savings on the promise of paradise

Man enough to apologise to these people ? You don't really need to answer that Mike

Burger

PS: Me and you need to put this particular one to bed asap (like today), we're boring the tits off the other posters and wasting their time. Apologies to all.

[Guess]

1. Copy of the bank statement of the most recent record of the last 6 months or;
2. any document which issued by the Bank to certify the financial status of the shareholder or;
3. Copy of the evidence that shows the source of the investment that the Thai shareholder invested in the partnership or company limited.[/i]



However the only shareholder documentation that they ask to see is 1 of the above 3, ie: recent bank statements at time of company formation.
Copies of shareholder bank statements are already taken by solicitors who set our companies up and filed.

They do not request salary slips, proof of income tax payments, loan details etc etc.
Strange.

Burger

I believe that if they have the company information . I.e. name and date of creation that the company is then uniquely identified in Thailand. When I set up my company I had to go through four or five choices before I found one that was unique. Once they have that they will be able to obtain all VAT and income records from the receiver this way ellimintaing the risk of being shown false forged documentation. There are some positive signs that he Thai Government agencies are beginning to get a grip of 20th century mehods used elsewhere.

[malcolminthemiddle]

Conjecture – a: inference from defective or presumptive evidence b : a conclusion deduced by surmise or guesswork c : a proposition (as in mathematics) before it has been proved or disproved

TTM & Burger the Kings of Conjecture

[Burger]

malcolminthemiddle wrote:

Conjecture – a: inference from defective or presumptive evidence b : a conclusion deduced by surmise or guesswork c : a proposition (as in mathematics) before it has been proved or disproved

Would that also apply to someone who makes a comment on a subject and then after admits:

malcolminthemiddle wrote:

I haven't read the 15th May Ministry of Interior Statement yet

Join the club Malc, the more the merrier

Burger

[tuktukmike]

Now let me post the full content of what i wrote and not the edited edition.

It was an axplaination of the fact that a farang can not own land and that the company route will be looked into. if it is found that a company was formed only for the purpose of buying land then they can seize the property pending a court case. It will then be for the courts to decide if and how much you may recieve from the sale of your land.

And of course the letter.

''The department will examine all of those documents before giving approval,'' she said. ''We have learned that Thais have acted as nominees for foreign investors to avoid compliance with the Foreign Business Law, which limited foreign stakes at 49%. Tighter requirements [for proving] one's financial status will help us sort out this problem.''

Companies violating the rules would face dissolution. Complicit shareholders also could face fines of up to one million baht and/or jail terms of up to three years.

In the future, the Business Development Department plans to examine existing registered companies with foreign shareholders to determine whether they breach the new rules or not.

I think i would prefer option 1.

Burger we will never of course agree on this issue as we both come from different angles on this matter.

I am in no way involved in property and have no wish to be, and i still stress, before anyone considers buying at this time talk to one of the Lawyers i posted earlier.

If as you say all is ok then i really cant see why you would have any problem with this.

So ok i will not refer to you or your comments and i would expect you to do the same and we will all get on with our own views on this subject.

Hows that.

Mike.

[malcolminthemiddle]

malcolminthemiddle wrote:

Conjecture – a: inference from defective or presumptive evidence b : a conclusion deduced by surmise or guesswork c : a proposition (as in mathematics) before it has been proved or disproved

Would that also apply to someone who makes a comment on a subject and then after admits:

malcolminthemiddle wrote:

I haven't read the 15th May Ministry of Interior Statement yet

Join the club Malc, the more the merrier

Burger

Hi Burger,

You confuse conjecture with assumption.

You also forget who was using the 15th May Ministry of Interior Statement to support their opinion and it wasn't me.

[clive]

On & on & on we go, yes boring the t*** off of everybody but it is a serious subject. Because a very rich Thai politician along with the Singapore government cheated this government the rest of the politicians want to save face so they have introduced a spoiler so that nobody looks at the Shin Corp deal. How the Thai government can associate private individuals buying houses with the likes of Shin Corp I do not know, but they have acheived what they wanted. Everyone is looking at all the web sites and reading this, that and the other and not loooking at the reports, if you can find them, of the big deals, the ones completed by the Rich Thai families and brushed under the carpet. Now I understand that the Thai government are desperate to join the WTO. I am given to understand that to join the WTO, applicant countries must remove all restrictions on foreign ownership, land, companies w,h,y. So my guess is in a few years time all will come right. Take a look at the recent HSBC investment here. My advice, sit back, enjoy the sun the sea and the Singha, TTM and Burger are taking all the stress so why should we worry.

[Burger]

Malc,

Actually you reached a conclusion on the subject before reading the details of the subject matter.

To use your quote:

a conclusion deduced by surmise or guesswork

If you dish it out Malc, you need to learn to take it also. This is a decent website not TV forum

Burger

[Jim]

this turned up in my spam folder this morning. I thought it may be interesting to show what is still being advertised elsewhere in the country.

Mods - if this breaks the advertising rules, then sorry and please delete the post.

http://www.viviogroup.com/mail1/boat_lagoon.pdf