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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
restricted occupations
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)
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