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SETTING UP A COMPANY  IN THAILAND

On March 3rd 2000 the Thai Foreign Business Act of 1999 took effect. (FBA). This replaced the old Act of 1972.

In a company you need 7 partners but you can according to the investment control 100% via B.O.I. (Board of Investment). However a normal 2m baht Thai Company foreigners can have 6 foreign shareholders & 1 Thai but the Thai holds 51% shares. What one does not know until they decide to form one is that certain businesses are closed to foreigners BUT THIS IS OF NO CONCERN IF ONE JUST WANTS A COMPANY FOR THE PURPOSES OF BUYING A HOUSE AND LAND. We help you form the company and take care of all steps for you plus search the Title Deeds & any other request like making sure their is no lien on the property. We also check the Courts for you. 

 

Thailand's Land Owning Laws--from Thai Law Office
Originally land in Thailand was owned by the people, who reserved the right to use the land and transfer it to their heirs. Later, land was owned by the kings. The people had to request a royal grant in order to obtain land. Today land comes under land administration laws. The Land Department and other governmental authorities, such as the Forestry Department, is responsible for  land in forest zones, Sor Por Gor in reformed land zones & District Offices and Municipalities or Bor Tor who look after public land zones. Land under these government departments have no effect on rights of people who owned land before the government appointed the land as a forest, public or reformed zone. The law has no retrospective effect on peoples' rights to land under the law before it became a forest zone. This person still maintains rights to the land. 

   

 


Private land Rights:
1/. Right of possession (Possessory right), i.e. people who possess and use the benefit of land will have the right to possess  land under the Civil and Commercial Code. 

2/.Ownership by someone who has a title deed and documents concerning the land. or Sor Kor 1which is a notification form of possessed land. There is a certificate to show the right to the land. This maintains existing rights. Notification of [Sor Kor 1]. December 1st 1954, the government advised all land proprietors to notify such possession to the government as per form [Sor Kor 1]. After it was proven that such a proprietor had possessed the land legally and used the benefit of the land, then the government would issue [Nor Sor 3] or [Nor Sor 3 Gor] as evidence. [Nor Sor 3] and [Nor Sor 3 Gor]are legal certificates provided that any name shown on the title is a person who has the right to the land (according to the principle law). This right is recognized by law and used as evidence in any dispute with an ordinary person or the government. 
Por Bor Tor 6
Is evidenced by the issuance of a tax number for paying tax when using the  land. Such land hasn't been assessed as to the personís right to possess such land. If no land title, then it may be land in a conserved forest, public land or land which existed under [Sor Kor 1], [Nor Sor 3], [Nor Sor 3 Gor] or a title deed. Any of these titles must have a [Por Bor Tor 6] as tax must be paid, the same as any land without a title. Purchase of such land is possible by handing over the possession of the land to the buyer along with the tax  number. The right to land under [Por Bor Tor 6] can not be used as evidence in any dispute with authorities. 
Sor Por Gor 4-01
is an allotment of land from the land reformative committee, and under no circumstances may this land be bought or sold. It may be transferred to heirs only. 
Nor Sor 3
is an instrument certifying the use of land issued by the government to the proprietor of land not a possessory title, i.e. it's confirmed by law that a person holding Nor Sor 3 has the legal right to possess the land. This land title can be used as a legal document or to use the benefit of the land as an owner. Nor Sor 3 is a floating map with no parcel points. It's issued for a specific plot of land and is not connected to other land plots. This causes problems in verifying the land area. Any legal acts must be publicized for 30 days. Nor Sor 3 Gor is a legal land title with the same legal basis as Nor Sor 3. The difference being that Nor Sor 3 Gor has parcel points on the map, and is set by using an aerial survey to set the points and the land area. It's possible to verify a nearby land area. It always uses the same scale of 1:5000. No need to publicize any legal acts, and it's possible to partition (divide) the land into smaller plots. 
Land Title Deed:
is a certificate for ownership of land. A person having their name shown on the deed has the legal right to the land, and can use it as evidence to confirm the right to government authorities. The title deed has been issued by using GPS to set the area and boundaries of the land, which is a very accurate method. Any legal acts may be done immediately, as per the right of ownership. Land partition of more than 9 plots must be carried out according to the Land Allotment Law, Section 286. [Condominiums] may be used as drafted. [Buildings on Land]. Foreigners have the right to ownership of buildings only, where land is not included. Legal acts are unlimited. A suggestion for foreigners is to lease the land for 30 years with an option to an extension of the lease, then purchase ownership of the house built on the land. Certainty of possession of land and house is assured, by being the owner of the house. The ownership of the land shall be leased out. If arranged as stated above, then the house will be separate from the land, and will not be a component part under the Civil Law. Ownership of buildings can be confirmed, and the lessor cannot seize the house upon expiration the lease. 

( We wish to thank law adviser Kuhn Pradit for supplying us the above info.)

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for ALL YOUR LEGAL NEEDS IN THAILAND

TO LEASE A  HOUSE & TO LEASE LAND                                                                                                                                              We take the lease to the Amphur together with the nor sor sam or Kanut and have it registered. It is then stamped & the land cannot then be sold unless the lease is cancelled. A lease without doing this is useless. The first lease should be done properly by a reliable lawyer. (We charge 10,000 baht ). Our lawyer takes the title deed to the Amphur and gets it legalized. The wife or owner should then sign another 30 year lease dated from the end of the first one. Most wives would agree to these procedures by explaining to them that if they died, they would not want their husbands thrown out! At the end of the thirty year lease, all you have to do is get a lawyer to take it to the Amphur again. It is really  simple. A virtual 60 year lease should cover most peoples lifetime and the wife can leave the property in her will to the children and if you die the lease could be terminated and the property go to your children. You can also sell a lease.

LEASING VIA A LOAN TO YOUR COMPANY:

This is an excellent way to lease if you have a company. An owner takes a lease out on a particular piece of land he wants to own with his own money? he loans his company money to buy the land and the lease in effect is owned by the company via the buyer. This then becomes an asset of the company and can be depreciated from his or her tax registration & paid back at the buyer's pleasure.

WHAT WE ARRANGE:

Our company can setup your company using our Thai lawyer or formulate leases, agreements etc that suit your situation.  If wanting to purchase land do not sign any forms until you talk to us but please obtain a Title Deed and have it searched. We initiate an investigation of your Title Deed for you and we give you a full Court/lien & ownership report for your particular case in English.

 If you want a company or work permit we give you a step by step English translation guide on all the steps we take for you, ensuring full confidence in our services. There are no hidden costs. Remember you do not need a work permit if you are not going to work or are only coming to Thailand to retire in your house otherwise you need a 2 million baht company min. Total costs for this is aound 35,000 baht including VAT for a standard 2m baht company. However you will need an "O" non immigrant visa or "B" non immigrant visa if working in Thailand which you can obtain after your company is formed. After one year in business we can then assist you to obtain a 1 year visa in Thailand. For further information on Visas go to [ THAILAND VISAS ]

 Ask us for more information. FREE LAW HELP:  go to  [ LAWYER ]

   

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