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| Question : Can I , as
a foreigner, Purchase Land in Thailand in my own
name ? |
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Answer
: A foreigner cannot own land in his
own name. He can purchase the land through his
company ( Thai limited company ) or he can lease
the land for 30 years, usually with extra 30
year options. Further details on this subject
can be found here <Click Here>
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| Question : What is the maximum
number of shares I can hold if I register a Thai
Limited Company? |
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Answer :
All foreigners, other than Americans, can hold
a maximum of 49% shares in a Thai limited company.
Further details on this subject can be found
here <Click Here>
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| Question : If I purchase
a bar or restaurant, but do not work in that business
do I need a work permit ? |
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| Answer
: Thai law stipulates that as a foreigner,
if you are working and do not receive an income
you still need a work permit. Even if you purchase
a business and do not physically work, but you
receive an income from that business, you need
a work permit. Further details on this subject
can be found here <Click Here>
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| Question : How many Thai Shareholders
do I need to form a Thai Limited Company? |
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| Answer :
This depends on the number of foreign shareholders.
The minimum requirement is a total of 7 shareholders,
1 foreign 6 Thai, 2 foreign 5 Thai etc. Further
details on this subject can be found here <Click Here>
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| Question : What are the advantages
of having a work permit ? |
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| Answer :
Having a work permit means you are legally allowed
to work and receive an income in Thailand, you
can obtain a 1 year multiple entry visa, open
a bank account and purchase a telephone in your
own name. |
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| Question : I want to purchase
a business, purchase a plot of land and build
my own house. How do I get started ? |
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| Answer :
Easy, as you would in your own country, you
leave it to the professionals. Asialand Co.,Ltd
will guide you through the whole process, from
finding the appropriate business, registering
a company, acquiring the land, design and construction.
We will even find you a rental home whilst your
dream home is being built. |
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| Question : How is land measured
in Thailand . What is a Rai ? |
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| Answer : One rai is 1,600m2
or 2/5 of an acre. |
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