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Property
Be careful when you
buy
property. Always use a lawyer to check the deeds
and or contract.
Some sellers are trying to sell properties
at ridiculously low prices. The reason being - they do not
own them!
Pay particular attention to Condominiums
and the added costs, also to the whole condo itself,
check that there is no lien against it.
Get a 30 plus thirty year
lease ( with option to renew up to 99 years) rather
than set up a company. Can be left in your will to your
children.
Thai woman married to foreigners
buying land; there was no such law. It was the policy of
the government towards the land department. But it can be
done. Up to one Rai - The Land Department
keeps the deeds.
Amity Treaty Company (USA only)
you have no more rights to land purchasing than a normal
company.
July 2006 Landholding Companies
Read this now don't get caught
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Work permits
To get a work permit, you will
need a letter from the company employing you in order to
apply for your Non-Immigrant Cat.
"B" Visa.
Once you have your visa, then the company
can apply for the work permit. Once you leave that company
you will have to reapply, as the work permit and or
Visa are not transferable.
Minimum monthly income
for foreigners working in
Thailand. 39 Jobs you cannot do
more info.
Money
When you decide to get married and have
Joint Bank Accounts, be careful.
All the other person needs to withdraw money is a signed
copy of your passport.
Once the money is gone, the Bank
does not have jurisdiction to investigate the fraud, you
may do it, but it would take years and is costly.
Lending money- don't do it,
if the other person cannot pay you back it could take up
to 5 years in a Thai court and if they have no money they
cannot give you any back, even if the court tells them to.
If they have land as collateral
then OK, but if they offer a vehicle don't do it. If they
smash the vehicle and have no money, then you must pay.
( you being the NEW owner) |
