Quote:
Originally Posted by LivinLOS
But there is not 30+30+30.. sure people will sell you that but if they dont want to renew you cant force them only 30 is enforcable in law.
When you say make a wholly Thai owned company.. I understand they want to see the assets of the Thai directors to show that Thai genuinely did put the money up and its not a farang front. And realistically do you think thats going to wash on multi million USD properties ?? I know someone who sold his Surin pad for 120 mil baht, thank kind of purchase needs to have some real level of ownership.
Dealing with 'investments' in Thailand always reminds me of that saying.. You stop worrying so much about the return on your capital and start worrying about the return OF your capital..
|
My understanding the renew factor depends on if you are leasing from a company or an individual. You are more bullet proof on the lease and extensions when leasing from a company.
They are only checking the thai's background on compay formation when there is a foreign sharholder or director. if it is 100% thai, then it should sale through as the foreigner has no direct control. There is no indirect control as they are closing the proxy control method. So moving it to a thai name does not mean they need to have the capital.
Sure we all would prefer to directly hold a title, but really is there any example of properly structured leased land from a company not being upheld and recognized?