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   Andaman Business Assistant    Call us! - 085.888.2322

On March 3rd 2000 the Thai Foreign Business Act of 1999 took effect. (FBA). This replaced the old Act of 1972.   Book Keeping    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. We can however safeguard your interests but always its best to have 2 or even 3 Thai owners. We can 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. 

THAIS MARRIED TO FOREIGNERS - the answer to your land buying problems?

BOI allows foreign companies to own land, usually factories. Don't forget the Treaty of Amity, which virtually gives Americans the right to own 100% of a company doing business in Thailand. The Japanese use nominees a lot. There are people that buy in someone elses name and put a mortgage on the property for the purchase price to protect their interest. There are also concurrent land leases that can be set up, as there is no restriction on foreigners owning buildings (40% of a condo complex) and lastly theres those who trust their wife or friend & use their name. Laws are worthless without enforcement, & Thailand practices "selective" enforcement. Foreigners can buy property in Thailand & please use a lawyer as sometimes Title Deeds are false, or the building you buy is not on the deed or the land has encroached on other land.

Most farangs use their Thai wife and give property rights to them. But if not married to a Thai lady then you can have a 30 year rental Contract. Rental total fee equals the purchasing price.  The rental-contract is written in English and acknowledged by a lawyer. This deal is a person-to-person basis. Problems may arise at expiry date between heirs of both parties. 

Turism Maneggio agriturismo a Persiceto agriturismo con maneggio a Persiceto - A cavallo nella natura, Ristorante a Persiceto.1/. Be careful. Check utilities as sometimes theres no phone lines & never believe it until you have written proof of phone lines are going in.

2/. Learn which areas flood and which don't. A developer will not tell you. Donít listen to pub talk. Rent before buying if you have time or ask the neighbours.

3/. A land lease NOT filed with the land department (and 1% fee paid) is only valid for 3 years regardless of the term of the lease. All lease for a period over 3 years MUST be registered at the Land Office and written in Thai. You have also to pay fees calculated on the TOTAL amount of rent agreed upon and for the full period (eg.: rent 1000 baht x 12 months x 30years = 360.000 baht)

4/. Check out the history of the area and talk to the neighbours where you want to buy.

5/. Ask the Land Dept if there are any proposed additional road works or projects in this area in the distant future.

6/.If buying any house/ land check out the title or "chanote". Never buy or pay a deposit down until you have a clear contract and there is indeed a title. Again never listen to a sales rep in a moo baan that the title is going thru or will be available after 3 months --- chances are there will never be one. They just want the commission.

7/. Most deposits are non refundable.

8/. If obtaining a loan make sure you have before you place a deposit or down payment.

9/. If you told that there is only one unit left in the Estate forget buying.

Those who want to sign a lease-contract and don't want to register it, should know that such a contract is automatically void at the death of one of the signatory (this means that such a contract is NOT transmissible without prior agreement of the other party.)

While a contract registered at the land office is transmissible & if one signatory dies, & the contract is not cancelled, the heirs of the estate have to respect it. This is Ok if the lease is transferable and every time a transfer is made, the Land Office must be notified.

If no record of your lease with the developer, then any private agreement between the 2 parties will not be legally binding. If the developer wants to play you out, he can. The Land Office uses only one language - Thai. Even your name in the Rent contract has to be in Thai. The "fee" is actually government tax & you pay the Land Office equivalent to a little under 5% purchase price. A developer may want a "deposit" equivalent to 1 year's maintenance fees. They say you recover this amount from the person who buys the property from me.

But ask your Thai neighbours if they pay it as you will find they donít- its rubbish.

Confusing thats why you need our law office.



 Business Assistance  
 we assist your business in Krabi area

 we carry on all your book keeping assistance

 we take care your Accounting

  Auditor Balance 
 Auditor balance shit and yearly balance

  Company Ltd 
 we register your new Thai Company ltd.

  Thai Visa  
 we provide your yearly Passport Visa extension

  Work Permit  
 to obtain one or more Work Permit

  Rent Contract 
 we prepare and register Notary Estate Rent Contract

  Business Assistance  
 we assist your Company in financial business

  VAT Assistance & Service  
 we follow your Company VAT book


  Krabi Info
traveling to Krabi, wath to see, where to stay events and festivals, hospital and health  

  FAQ Accounting  
question and answers about carry on business in Krabi, all our services

the meaning off all the accounting and

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  Thai Business Tutorial
short guide on how to build a company by your self, carry on a Visa, get a Work Permit
or a Rent Property Contract





© Andaman Accounting     Business Assistant in Krabi

46/3 Watchara Road  Krabi Yai  Muang  Krabi 81000  Thailand  -   "ICBM" 8.052 , 98.913 DC.title "Krabi"

VAT. 2781374943 -   tel. +66.075.612.920   fax. +66.075.612.921 
info @ accounting-krabi. com