Emigrating to LOS

[Cat Man]

I'm starting this thread to help all bros interested in this topic share info, since Lestat666 brought it up: http://sammyboy.today/showthread.php?t=45343

Please don't chak me for being off-topic to start this thread under "Adult Discussions about Sex", because there isn't really a relevant forum for such a thread. Start under "International FR" lagi kena chak because FR forum is reserved for FR. But I suppose most bros want to migrate to LOS because there are millions more good fish to catch in LOS than in Sillypore, and catch fish for what? Jiak heu lor! So this thread is still about sex and within topic, rite??

I am not expert in emigrating to LOS. I just live and work in LOS now under work permit visa, with about 1 more year to go before I qualify for the minimum 3 years stay to apply for PR. I have done a bit of research and can answer some basic questions. if really got chim question, maybe I can go and ask my HR department and my company's immigration consultant.

Please when you first post or ask question in this thread say a little bit about why you want to migrate to LOS, how you hope to survive financially, and what marketable skills you have. This will help knowledgable bros answer your migration questions.

I hope some bros with experience in such topic like bkkguy can come over and share.

[Five Stone]

Thanks for this thread. Nice of you to invite experienced samsters to post here but hopefully not those half past six Thai wannbes come in here and air their soiled linen and start telling about animals farm, this is not the Noah's Ark.

Please comment if foreigners are able to own property in Thailand. Thanks.

[Cat Man]

Originally Posted by Five Stone

Please comment if foreigners are able to own property in Thailand. Thanks.

Foreigners can buy condo, but cannot buy land.
To buy condo, you must show that the purchase money comes from overseas. You open a bank account in a Thai bank and wire the money in, the bank will give you a document to proof the money comes from abroad. You need this document to show the land department when you register the title transfer. If you become PR, this won't be necessary. Also, Thai banks won't give you a housing loan unless you are PR. I tried a few banks already

To buy land, you can use your Thai wife's name, but you must also sign some document to state that the money comes from her, or if it comes from you, then it is an irrevocable gift. basically they don't want foreigners to speculate in land. but this way quite risky because if divorce, you don't get a shit. or even if your wife dies, you don't get a shit - her relatives inherit the land. but if you have children, you can make your wife sign will to will the land to your kids.

Another way some ppl say you can hold land is to set up 51% Thai owned private limited company (borisat ekkachon) (i.e. yr wife own 51%, you own 49%, but you must also get another 5 nominee shareholders - yr wife's relatives or yr children will do nicely). You then use the company to buy the land. A few years ago there was some regulation that the ratio must be 60% thai, 40% foreigner for the company to buy land, otherwise the land department will trace the ownership to see whether the company is a foreigner speculation vehicle. I'm not sure whether that regulation is still in effect. This is the way I intend to use when I buy land. I have talked to my wife and she agrees.

But using company a bit leh cheh because you must hire an accountant to file annual returns. I dunno whether you must show some business activity in the company to avoid getting investigated that it is a land speculation vehicle. Will find out more. Another risk with using a company is that the law may keep changing and one day maybe they say company need some kanina dunno wat condition to hold the land, then you hong gan liao.

You can also do a long term lease instead of buying the land. The normal lease term permitted by law is 30 years, renewable for another 30 years. Usually the lease agreement will also say that if the law change to permit additional 30 years, then the lease will be 90 years. The disadvantage is that yr children will not inherit the land.

If you are f++king loaded, you can invest 40 million and they will let you own 1 rai (1600 sq.m) under investor scheme.

Another funny thing is that the house on the land and the land itself can be owned by different people, and foreigner can own the house! So you can put the house in yr name, but the land in yr wife's name.

There are many types of land titles, so don't kena conned. Chanod Ti Din is the best type of title and usually cannot be contested by squatters or kena cheong kong by the government. Chanod land is surveyed with aerial survey. Next best title is Nor Sor Sam Kor, which is only land surveyed. sometimes the survey buay zhun so the area on the title deed may be different from actual. There is also Nor Sor Sam title but I can't remember what's the difference from Nor Sor Sam Kor. Below Nor Sor Sam, all the other types of title are questionable. There is Sor Por Kor, which is government granted land that can only be inherited or transferred amongst relatives, but not sold. There is Bor Tor Har and other kinds of squatter rights. Usually, the Thai people buy and sell this type of substandard title land. The ownership is usually enforced by honour system and the village elder (Puu Yai Baan). But if you end up in land dispute or zheng hu come and cheong kong, then very troublesome. If you just want to buy this type of substandard title land to plant some fruit trees for a few years, then no problem, just buy. Such land is very cheap. Can be available from a few thousand Sing dollars for 10 or more rai.

hope this is a comprehensive reply and if any bros know more than I do, or I said anything wrong, please correct me. this topic very important to me because I want to eventually own some land in the countryside, so I've done my research

[sg69]

brudder cat man, thanks for the info...i didn't know thai banks dun give out housing loan to foreigners. u mean i got to settle the condo price in full? i was thinking of buying 1 actually.

what if i buy the condo with a thai...can i get the loan? thinking of migrating there but dunno how...i even want to give up my citizenship in sillypore and become a thai 100%....please advise.

thanks in advance.

[Cat Man]

Originally Posted by sg69

brudder cat man, thanks for the info...i didn't know thai banks dun give out housing loan to foreigners. u mean i got to settle the condo price in full? i was thinking of buying 1 actually.

what if i buy the condo with a thai...can i get the loan? thinking of migrating there but dunno how...i even want to give up my citizenship in sillypore and become a thai 100%....please advise.

thanks in advance.

yah, nabeh, you have to pay in full. 1 bank (Government Housing Bank) said they may consider my loan application, but may only give very short term loan and not more than 50-60% of the condo price. they said now the hang zheng not good, they scared of non-performing loans. I have tried kasikorn bank, bank of asia, bangkok bank, all refused to give me loan. but if you become PR, they will give you loan.

if you buy the condo with a thai (e.g. your thai wife) the thai must earn at least around 20K baht per month, then the bank will give loan.

to give up your s'pore citizenship and become thai citizen will take 10 years at the minimum. why give up s'pore citizenship? being s'pore citizen lets you get into most countries without visa, e.g. PRC. being thai citizen very leh cheh, must get visa when going to a lot of places. only advantage as Thai citizen is that you can own land in LOS.

[multishots]

thks bro for all e info,if i wan to start a small business in bangkok like opening a retail shop,wats e procedures?

[bkkguy]

Originally Posted by Cat Man

Foreigners can buy condo, but cannot buy land.
To buy condo, you must show that the purchase money comes from overseas. You open a bank account in a Thai bank and wire the money in, the bank will give you a document to proof the money comes from abroad. You need this document to show the land department when you register the title transfer. If you become PR, this won't be necessary. Also, Thai banks won't give you a housing loan unless you are PR. I tried a few banks already

To buy land, you can use your Thai wife's name, but you must also sign some document to state that the money comes from her, or if it comes from you, then it is an irrevocable gift. basically they don't want foreigners to speculate in land. but this way quite risky because if divorce, you don't get a shit. or even if your wife dies, you don't get a shit - her relatives inherit the land. but if you have children, you can make your wife sign will to will the land to your kids.

Another way some ppl say you can hold land is to set up 51% Thai owned private limited company (borisat ekkachon) (i.e. yr wife own 51%, you own 49%, but you must also get another 5 nominee shareholders - yr wife's relatives or yr children will do nicely). You then use the company to buy the land. A few years ago there was some regulation that the ratio must be 60% thai, 40% foreigner for the company to buy land, otherwise the land department will trace the ownership to see whether the company is a foreigner speculation vehicle. I'm not sure whether that regulation is still in effect. This is the way I intend to use when I buy land. I have talked to my wife and she agrees.

But using company a bit leh cheh because you must hire an accountant to file annual returns. I dunno whether you must show some business activity in the company to avoid getting investigated that it is a land speculation vehicle. Will find out more. Another risk with using a company is that the law may keep changing and one day maybe they say company need some kanina dunno wat condition to hold the land, then you hong gan liao.

You can also do a long term lease instead of buying the land. The normal lease term permitted by law is 30 years, renewable for another 30 years. Usually the lease agreement will also say that if the law change to permit additional 30 years, then the lease will be 90 years. The disadvantage is that yr children will not inherit the land.

If you are f++king loaded, you can invest 40 million and they will let you own 1 rai (1600 sq.m) under investor scheme.

Another funny thing is that the house on the land and the land itself can be owned by different people, and foreigner can own the house! So you can put the house in yr name, but the land in yr wife's name.

There are many types of land titles, so don't kena conned. Chanod Ti Din is the best type of title and usually cannot be contested by squatters or kena cheong kong by the government. Chanod land is surveyed with aerial survey. Next best title is Nor Sor Sam Kor, which is only land surveyed. sometimes the survey buay zhun so the area on the title deed may be different from actual. There is also Nor Sor Sam title but I can't remember what's the difference from Nor Sor Sam Kor. Below Nor Sor Sam, all the other types of title are questionable. There is Sor Por Kor, which is government granted land that can only be inherited or transferred amongst relatives, but not sold. There is Bor Tor Har and other kinds of squatter rights. Usually, the Thai people buy and sell this type of substandard title land. The ownership is usually enforced by honour system and the village elder (Puu Yai Baan). But if you end up in land dispute or zheng hu come and cheong kong, then very troublesome. If you just want to buy this type of substandard title land to plant some fruit trees for a few years, then no problem, just buy. Such land is very cheap. Can be available from a few thousand Sing dollars for 10 or more rai.

hope this is a comprehensive reply and if any bros know more than I do, or I said anything wrong, please correct me. this topic very important to me because I want to eventually own some land in the countryside, so I've done my research

Hi Cat Man !!

I think you've done a pretty good job regarding the above topic.

Even if you bought the land under the company (now foreigner 39% and local Thai 61%) or under your Thai wife name, there is still future risks involved. The rule are there to protect the thai or foreigner ownership, it is always the person involved that is abusing the rule. So nothing is 100% protective. Just do your own calculative risks and plans ahead of THEM.

[bkkguy]

My own rules when come to any investment in Thailand.

1) Housing Loans from bank will be under my wife name.
2) Cash item like car will have to be in my name.(Can cash in 24 hrs anytime)
3) Children must be all given Thai citizenships first before buying anything. (Given the legal right to inherit the assets if wife passed away)
4)Get wife to sign 'living wills' to cut off her parent from the assets.

[tionggoklan]

Originally Posted by Cat Man

.........to give up your s'pore citizenship and become thai citizen will take 10 years at the minimum. why give up s'pore citizenship? being s'pore citizen lets you get into most countries without visa, e.g. PRC. being thai citizen very leh cheh, must get visa when going to a lot of places. only advantage as Thai citizen is that you can own land in LOS.

Bro Cat Man,

What u say is quite true abt sg passport dun require visa in many countires. But as a sporean, u also know lah, many of us dun have much cash on hand 1, if have, maybe in our CPF which in turn means the HDB/property we own.

So to get the CPF money out, onli way is to gif up the citizenship. If not, even if u r 55yo, also can't withdraw all out, must leave a minimum sum, n that "minimum" sum is getting less n less minimum, hahahaha. Basically, for ppl like us in the late 30s n 40s, dun tink we have anything much to get at 55yo after minusing the minimum sum.

So maybe Bro sg69 wanted to do so b'cos of this. Of course, if the person is cash rich, then I fully agree wif yr way.

[bkkguy]

Originally Posted by tionggoklan

Bro Cat Man,

What u say is quite true abt sg passport dun require visa in many countires. But as a sporean, u also know lah, many of us dun have much cash on hand 1, if have, maybe in our CPF which in turn means the HDB/property we own.

So to get the CPF money out, onli way is to gif up the citizenship. If not, even if u r 55yo, also can't withdraw all out, must leave a minimum sum, n that "minimum" sum is getting less n less minimum, hahahaha. Basically, for ppl like us in the late 30s n 40s, dun tink we have anything much to get at 55yo after minusing the minimum sum.

So maybe Bro sg69 wanted to do so b'cos of this. Of course, if the person is cash rich, then I fully agree wif yr way.

You can buy a sg 3 rms flat (paid for by cpf),take the monthly rental
(esitmated around S$800-1,000) depend on flat location in sg, to purchase a house in Thailand under your thai wife name(not those tiraks/girlfriends hor).
She get the debts and you get to stay in the house FREE.
This way, both sides will benefit.If one day she want to 'cash in' for the house, she will have to wait till 30yrs later or get another guy to take over your duty.

[Cat Man]

Originally Posted by multishots

thks bro for all e info,if i wan to start a small business in bangkok like opening a retail shop,wats e procedures?

Legally, foreigners are not permitted to do retail business under the Alien Business Law. If you want to do retail business, you must set up a Thai company, i.e. 51% owned by Thais. Otherwise, your business must be quite big and in approved industry, then you can get a Alien Business License and your company can be 100% foreign owned.

But I'm sure some people just go ahead and open shop in LOS without proper legal registration. The question is whether you will kena disturb by the tamruat and gangsters. I don't have much real experience in this area. But I ever heard my LOS lau chiau S'porean customer say that when he start business in LOS, he will go and pay respects to the local mafia boss who operate in the territory. I don't know whether you need to pay any protection money.

Maybe bkkguy has more experience and can advise?

[singrakthai]

Originally Posted by bkkguy

You can buy a sg 3 rms flat (paid for by cpf),take the monthly rental
(esitmated around S$800-1,000) depend on flat location in sg, to purchase a house in Thailand under your thai wife name(not those tiraks/girlfriends hor).
She get the debts and you get to stay in the house FREE.
This way, both sides will benefit.If one day she want to 'cash in' for the house, she will have to wait till 30yrs later or get another guy to take over your duty.

good thread.

ya, this is 1 good way to generate passive income... provided u're still under employment and still recieving CPF... then u can use the rent from HDB s'pore to subsitise ur expenses in Thailand...

I think alot of ppl here has the misconcept of can just give up s'pore citizenship, sell HDB, withdraw all CPF, then can come become citizen in Thailand... got so easy meh? I think need some mininum asset requirements in order to become 100% Thai citizen right? Somemore where got so easy? Bring in few hundred thousands s'pore dollar, come Thailand become multi-millionaire? Enjoy life already... yeah right... maybe bkkguy can share what are some of the difficulties in residing and doing businesses in Thailand.

I for one know there're some S'poreans who come start businesses in Thailand and in the end get cheated by their Thai partners... 1 even ended up in jail cos partner made him signed some documents....

cheers

[Cat Man]

My own question, bro bkkguy sure can answer.

If your wife give birth in LOS, can you register the child for both S'pore and Thai citizenship? If can, how to do this? I'm becoming a father very soon, kekeke.

[singrakthai]

Originally Posted by singrakthai

Bring in few hundred thousands s'pore dollar, come Thailand become multi-millionaire? Enjoy life already... yeah right...

hehehe.. add-on...
if like this, Thailand will be full of foreigners... property prices will be jacked up by these foreign residences.... common... where got so easy? Thai laws protect Thai only... never heard of Thai ruk Thai? Thai chuay Thai duay krup! Yak pen khon Thai? Dai! Chart na!

[singrakthai]

Originally Posted by Cat Man

If your wife give birth in LOS, can you register the child for both S'pore and Thai citizenship? If can, how to do this? I'm becoming a father very soon, kekeke.

congratulations