Thai Company For Buying A Villa?
 

Hello,

I'm seriously thinking about retiring in Thailand in the next 10 years or so.

So much so that I have already started doing my research and speaking to Real Estate Agencies around the kingdom.

So far every agent I have spoken to including a Frenchman and Thai they all seem to suggest the same thing.

That I should open a Thai company in order to buy a villa.

From what I've read online this idea sounds like a lot of paperwork with some deceit and lying to the Thai government involved.

Now my idea of retiring is complete peace of mind and not having to worry about Thai officials sending me a letter or knocking on my door demanding to see paperwork.

Has anyone on this forum purchased a villa this way?

Some advice and suggestions would be muchly appreciated.

Cheers from the land down under.

Re: Thai Company For Buying A Villa?
 

In addition to any responses received here, try the thaivisa forum:

https://forum.thaivisa.com/

Re: Thai Company For Buying A Villa?
 

People do it but to the letter of the law it is illegal. You can't actually own more than 49 percent of the company. If someone dobs you in you could be in legal trouble. Agents will offer you all kinds of "options" but they would as their cut is 3 to 5 percent of the purchase price.

The only truly legal way is buy leasehold instead of freehold.