| Legal Information from Premier International |
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Legal Service Guide |
- View - Visas, Work Permits and Criminal Law: recommended law offices
- View - Registering a Company to Purchase a House & Land
- View - Thai Legal Procedures: requirements, practice, and ethical conduct
There are obviously many legalities involved in the real estate
business, as it is a major investment, and no one wishes to make
any mistakes. Moving this real estate scenario to a foreign country
can make the tasks required seem all that more daunting, when in
reality, it is actually a smaller and faster process in Thailand
than it is in America and most Western countries (eg: no escrow,
transfer of title deed in a matter of hours!).
Having said this, if you feel the need to consult with a lawyer
to make sure everything is going the way it should be and to ensure
all necessary documentation for your home country (if applicable)
is completed, we offer this option.
Premier International recommends two law offices, one for real estate,
work permits, visas, etc. - Pensit
& Laws (Khun Perasit) and another law office for criminal
cases in the unfortunate scenario that you require one - The
Attorney's House (Khun Visal). Below you'll find all of the
contact information. Be sure to tell them you were referred by Premier
International.
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| Registering a Company to Purchase a House & Land |
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The
following is not legal advice from our company, but merely
the result of ten years of observing Thai lawyers and their
legal practices, as concerns foreigners controlling land
and houses in the Kingdom of Thailand. Please note the following:
An
alternative to buying a condominium is the purchasing of
a house. Purchasing a house will require that you register
your own company here in Thailand. The costs for registering
a company will range from Baht 15,000 to Baht 25,000. This
will depend on what Lawyer you go to. Premier Homes has
a great legal firm that does this kind of work and they
can help you at a cost of about 20,000 Baht.
Just
a few details and back round on purchasing a house and land 'in'
a registered company. First and foremost, the reason is that technically,
a foreigner cannot own land in most all cases and places throughout
the Kingdom of Thailand.
When
you register a company, you will at the same time, have each of
the required Thai shareholders sign share release forms, thus relinquishing
all other persons relationship and influence with the registered
company. You keep these documents.
You
are now the sole (Managing Director) controller (Owner) and are
now able to purchase property, cars, etc. This is the safest and
best way to own a home in Thailand. Many, many foreigners all over
the Eastern Seaboard here own homes exactly like this.
Many
Law offices have 'ghost companies' which have already been set up
and already have had the share holders (Usually their own staff)
sign the share release forms. All you need to do is to pick three
possible names for the new company and pay a deposit of 50% of the
company registration price. The balance is paid upon receiving the
company registration documents. This entire process can often be
accomplished in as little as 15 to 20 days.
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| Thai Legal Procedures |
Thailand's Legal System: requirements, practice, and ethical conduct.
By: Charunun Sathitsuksomboon of Tilleke & Gibbins International Ltd.
September 2001
Thailand, with its King as Head of State, bases its judicial and legal systems on the democratic nation’s Constitution which recognizes four courts: the Constitutional Court, the Courts of Justice, the Administrative Court, and the Military Court - read more...
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