|
 | |
Registering a Company in the Kingdom Of Thailand An alternative to buying a condominium is the purchasing of a house. Purchasing a house will require that you register your own company here in Thailand. The costs for registering a company will range from Baht 15,000 to Baht 25,000. This will depend on what Lawyer you go to. There is many great legal firms that does this kind of work and they can help you at a cost of about 20,000 Baht. Just a few details and back round on purchasing a house and land 'in' a registered company. First and foremost, the reason is that technically, a foreigner cannot own land in most all cases and places throughout the Kingdom of Thailand. When you register a company, you will at the same time, have each of the required Thai shareholders sign share release forms, thus relinquishing all other persons relationship and influence with the registered company. You keep these documents. You are now the sole (Managing Director) controller (Owner) and are now able to purchase property, cars, etc. This is the safest and best way to own a home in Thailand. Many, many foreigners all over the Eastern Seaboard here own homes exactly like this. Many Law offices have 'ghost companies' which have already been set up and already have had the share holders (Usually their own staff) sign the share release forms. All you need to do is to pick three possible names for the new company and pay a deposit of 50% of the company registration price. The balance is paid upon receiving the company registration documents. This entire process can often be accomplished in as little as 15 to 20 days |