Why do you need a business - immigration to Thailand?

Why do we need a business - immigration to Thailand?     Over the past decade, the number of business immigrants to Thailand is growing in an arithmetic progression. What attracts people in this country? From the very fact of business immigration, you can already make a conclusion - it's profitable. In Thailand, excellent working conditions, as well as constantly adopted new social programs that allow you to feel protected. The main income, the economy of Thailand receives from two areas of activity: agriculture - a quarter of the total GDP, and tourism. This is where the unique opportunities for business immigrants lie. Thailand, to date one of the most popular resorts in Southeast Asia. And this state is experiencing an unprecedented construction boom. Therefore, most Russian businessmen are trying to make investments in real estate in Thailand. And in fact, if you are interested in real estate investment, without Thailand you can not do. Investments in real estate in Thailand, a Russian businessman can pay back in two or three years. There are several reasons for this. A huge number of foreign tourists, especially Westerners, wanting to rent accommodation for recreation. And about the same number wanting to buy it, to be able to relax at any time from the labors of the righteous in this heavenly place. And one more important detail. You also like it there. The mild climate, beautiful ecology, friendliness of the local population, in a...


Legislation of Thailand: You are the Director of a Thai company. What you need to know.

You are the Director of a Thai company. What you need to know.       Well, finally, the company is registered and you are a happy director and shareholder, the lawyer showed you the constituent documents, including the list of shareholders with your name, in front of which the number of shares owned by you is indicated. And at this moment, when everyone is relaxing, you have to strain. For now you have taken on the cargo, the burden of responsibility (including criminal liability) for your firm before the Kingdom of Thailand.   I want to note that by signing the contract for accounting services, you are in no way shifting this load to the reliable shoulders of the legal office. If he makes the mistake of replying to you anyway.   Thai laws in any case, everything is impossible to study the foreigner, but there is a minimum that every self-respecting director should know.   After registration, you need to apply to the tax office to obtain the company's tax number. Within one month after the request, the card with the number must come to the legal address.   Becoming a director, even a non-working company, you must get a tax number also for yourself. Even if you do not work, and you do not have a work permit, the number should be. And accordingly, a card that looks very similar to the card of the company.   The director is responsible for issuing certificates of shares - documents...


Company registration costs in Thailand

Company registration costs in Thailand       Before you take such a decisive step as creating a company in Thailand, you need to answer the simple question of what goals you pursue, and accordingly what the boundaries of the company's activities will be.   The purposes for which the company is registered may be, for example, the following   · For the purchase of real estate;   · For the organization of business (without employment of a foreigner);   · For the organization of business (with the employment of an alien, which means obtaining a work permit).   It is quite obvious that with the expansion of the company's field of activity, the list of expenses for its registration and support also increases. Let's look at it in order.   Creation of a company for the purchase of real estate.   The cost of registration of such a company depends on the declared size of the authorized capital (minimum - 1 million baht). The more the authorized capital, the more money a lawyer will take from you, and, by no means because of its greed, simply the state duty grows with each additional million. So how do you determine how much you need to declare in the authorized capital - everything is very simple, the value of real estate should be commensurate with the authorized capital. One should also not forget about expenses for the annual payment of accounting services...


Title documents on land Thailand

Title documents on land   What document confirms the right of ownership of real estate in Thailand?   - If we are talking about an apartment, then in this case, option one is a chanote (Chanote). If we are talking about the earth, then everything is much more interesting. In Thailand, there are about 20 different types of legal documents on land. However, if you want to buy a plot of land, then in this case the ideal options will be a chanote. Nor will there be any special problems if you buy land, according to Nor Sor 3, on its basis it is fairly easy to get a chanote in the future. However, the data in Nor Sor 3 may differ from the actual plot area. If you decide to protect the site around the perimeter, you can begin the construction of the fence, only after receiving confirmation from neighbors about the absence of claims to the territory of the site. In the tank, the designated boundaries of the site are determined by the GPS system and approved by the Land Department and, accordingly, are not subject to doubt.   By the way, a very important point, chaotote confirms only the right of ownership of a piece of land, but the fact that it is built on it, in this document does not find any reflection.   - And why not all land in Thailand is cha-ton?   - The fact is that getting a container is associated with certain time and financial costs, which is not necessary for most Thais.   - How visually...


Purchase of real estate on the zero construction cycle, Thailand

Purchase of real estate on the zero construction cycle   Buying a home at the initial stage of construction or even on a zero cycle is very attractive in terms of price, as well as payment terms. The ability to pay not the whole amount at once, but to break up the calculations for several months or even years, allows you to buy housing even if at the moment there is no necessary amount on hand. However, the question arises as to how to protect yourself against possible risks to the maximum. Even in Russia, the purchase of housing at the initial stage of construction is a rather risky undertaking, which is already talking about Thailand. Another country, other laws, other rules of the game. Most of the documents that a builder can show to a potential buyer, rather, resemble an exotic ornament, and even the numbers in them are written in Thai, which makes it impossible to understand in the document an equal account for anything. For help in verifying documents and drafting an agreement that will protect your rights, you should contact a lawyer. The more so that the theory and practice in assessing the reliability of the builder are slightly different.   But first, let's talk about what constellation companies should give to potential customers in theory.   The first and perhaps the most important is the documents on the ground. The developer must be the owner of the land on which the construction of the condominium is planned. The land...


Registration of buying an apartment in a condominium (secondary market) Thailand

Registration of buying an apartment in a condominium (secondary market)   Here we will try to describe step by step the legal procedure for buying a condo.   So, you have found a seller who offers you a worthy option, discussed the cost and came to a common denominator. After that, ask him for a copy of the passport, the boyot and the house book and go to the legal office, which   Checks whether the seller is the owner of the condo. On the back side of the container are all former owners of real estate, the last one is the current owner. To find out whether the name in the passport corresponds to the passport of the seller, you can also without the help of a lawyer, if you or your friends know the Thai language.   Checks whether the property is in a long-term lease, under a pledge or other encumbrance. This information is also indicated on the back of the container. If, for example, the condo is under bail, do not rush to get upset. There is an opportunity to agree with the pledgee on the withdrawal of the pledge subject to the return of the debt to him at the time of re-registration of real estate.   Determines the estimated value of the condo. The fees and taxes that must be paid in the Land Department upon registration of the transaction are calculated on the basis of this amount. Estimated cost is usually different from the actual value in the smaller side, but it can be more.   Composes a...


Buy a house on the right company Thailand

Buy a house on the right company   When buying land or a house, foreigners in Thailand are faced with the need to register real estate for the company. Today we are talking with the ABC lawyer Alexandra Agapitova about the intricacies of this process.   - One of the most common questions of clients is what is the authorized capital of the company to which the house is registered? Should it be no less than the cost of the house itself?   - To register a house on the company, it is possible to register a company with a statutory capital less than the cost of a house. The difference in the declared value of the company and the authorized capital is the loan agreement with the director of the company. The authorized capital, however, should be commensurate with the value of the property being acquired.   "Alexandra, but this is the question." After all, a foreigner can only buy land in the name of the company, right?   - Yes this is true. Land registration in the name of an alien in Thailand is impossible.   - Who is indicated in the contract as a buyer? Is it really necessary to have a company at the time of the transaction, which will be subsequently issued to the house?   - No, in the contract as a buyer can indicate a person who buys real estate. However, the document itself must contain a clause stating that the buyer has the right to indicate any person to whom the real estate will...


Apartment rent personal income tax Thailand

Apartment rent personal income tax Thailand   The number of expats in Thailand is growing, and many of them are buying apartments exclusively for personal use. But most foreigners regard the purchase of real estate as a successful investment that will allow them to live "in their apartment" during the holiday, and after it is completed - to rent an apartment and get a small but still income. A small income can grow into larger amounts, it all depends on the rental object.   So, many rent their property, but not many remember the existence of the state in the face of the tax authorities, with whom you must share. And whether it is necessary? Is the eternal question of the Russian man.   To answer this question, I propose to consider several examples. But first a bit of theory.   According to the Tax Code of Thailand, the income received from the transfer of real estate on the territory of the state, including foreigners, is taxed on the income of an individual. The rate of tax is progressive and depends on the amount of annual income:   Annual income, Baht Tax rate 0 – 150 000 0% 150,001 - 500,000 10% 500,001 - 1,000,000 20% 1,000,001 - 4,000,000 ...


Buying Property in Pattaya: 9 most frequently asked questions

Buying Property in Pattaya: 9 most frequently asked questions 1. On what conditions can a foreigner own an apartment in Thailand?   Answer: Apartments in condominiums can be freely acquired by foreigners in private property in unlimited quantities. But it is necessary to take into account one nuance. In any condominium, the total living area (that is, the area of ​​all apartments) is conditionally divided between Thais and foreigners: 51% must belong to the citizens of Thailand, and the remaining 49% can be owned by guests from other states. These are the so-called concepts of Thai and foreign quota. For example, the total living area of ​​the condominium is 100 thousand m². In this case, 51 thousand m² must necessarily belong to the Thais, and 49 thousand m² are allowed to be bought out to foreigners. I repeat, quotas apply not to specific apartments, but to the house as a whole. Initially, that is, in the primary market, the apartments do not belong to any of the quotas: the guests of Thailand can buy any vacant apartments, having registered them in the ownership of a foreign quota. In the secondary market, it is technically possible to purchase an apartment from a Thai owner and re-register it as an alien if the condominium still has a foreign quota. As a rule, the apartments sold within the foreign quota are 10-20% more expensive than the housing reserved for citizens of Thailand. The owner of the apartments is given a chalet -...


Property Listing Service Pattaya

Property Listing Service When you list your property with Casa Siam Property, you will receive: Inclusion on our website – www.casasiamproperty.com A listing on our database until property sold Display at our office showroom including rotation in our window display area Inclusion on our list which we circulate to many local agents as well as our agency network worldwide Inclusion in our monthly Casa Siam Property brochure which is circulated to agents and also direct to the public at many locations in Pattaya and beyond Inclusion on many property portals giving global coverage Extensive advertising in many local publications For a free valuation of your property and full details of how this unique service can help to sell your property more quickly, please go to our Contact Us page and either call or email us. WE DON’T JUST LIST PROPERTIES – WE SELL THEM!