Manora Company Limited Hua
Hin
is proud to bring to you the finest properties available for sale, rent
or lease in Hua Hin, Cha-Am and other areas in Thailand. Please contact
us by email
to discuss your needs and we will find the property you want at the price
you can afford. We have a large data base of properties listed for sale,
especially condominium units, houses, businesses and land located in Hua
Hin and Cha-Am area. Please, use the Search Module on our homepage, select
the type of property you wish "Condominium", "Beach House"
or "Villa" and also the area you prefer "Hua Hin",
"Cha-Am" or another area.
Click on on the menu to find the property
of your dreams in Hua Hin or elsewhere in Thailand.
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FAQ - FREQUENTLY ASKED QUESTIONS
Question: How many Thai Shareholders do I need to for a Thai Limited
Company?
Answer: This depends on the number of foreign shareholders. The
minimum requirement is a total of 7 shareholders, 1 foreign and 6 Thai,
2 foreign and 5 Thai or 3 foreign and 4 Thai.
Question: What is the maximum number of shares I can hold if I
register a Thai Limited Company?
Answer: All foreigners can hold a maximum of 49 % shares in a Thai
Limited Company but if the Thai company would like to purchase land, the
foreigners can hold only 39 % shares together.
Question: How can a foreigner hawing control over the company with
only 39 % shares?
Answer: With some changes to the Articles of Association the foreigner
can be the only director of the company and the only officer of the company
who can commit or bind the company in any contractual dealings (he alone
can purchase or sell property and act for his company), effectively giving
the minority shareholders control over the company.
Question: Can I as a foreigner purchase land in Thailand in my
own name?
Answer: A foreigner cannot own land on his own name.
He can purchase the land or land and house through his Thai Limited Company.
He also can lease the land or land and house for 30 years and the Leasehold
will be registered at the Land Department for this period of time.
Question: My wife is a Thai National, can she own land?
Answer: Yes, since 1999! Prior to 1998, any Thai woman who married
a foreigner would lose her right to purchase land in Thailand. She could,
however, still retain land that she owned prior to marrying the foreigner.
However, the recent Ministerial regulation from 1999 now allows Thai national's
married to foreigners the right to purchase land, but the Thai spouse
must prove that the money used in the purchase of freehold land is legally
solely theirs with no foreign claim to it. This is usually achieved by
the foreign spouse signing a declaration stating that the funds used for
the purchase of property belonged to the Thai spouse prior to the marriage
and are beyond his claim.
Question: If I purchase a restaurant or a bar, but do not work
in that business, do I need a work permit?
Answer: Thai law stipulates that as a foreigner, if you are working
and do not receive an income you still need a work permit. Even if you
purchase a business and do not physically work, buy you receive an income
from that business, you need a work permit.
Question: What are the advantages of having a work permit?
Answer: Having a work permit means you are legally
allowed to work and receive an income in Thailand. You also can obtain
a one year business visa or a one year multiple entry visa. There are
advantages if you would like to buy a car or a telephone in your own name.
Question: If I want to purchase a plot of land and build my own
house or if I want to purchase a business, how go I get started?
Answer: You leave it to the professionals, as you would do
in your own country.Manora Company Limited Hua Hin will guide you
through the whole process, from finding the appropriate business, registering
your Thai Company Limited, acquiring the land, house design and house
construction, we will even find you a property for rent whilst your dream
house is being built.
Question: How is land measured in Thailand?
Answer: In Thailand we are using other measurements;
1 Talang Wah is 4 square meters or 42.7 square feet, 1 Ngan is 100 Talang
Wah or 400 square meters or 4,277 square fee and 1 Rai or 4 Ngan or 400
Talang Wah is 1,600 square meters and 17,108 square feet.
Question: Can I own 100 % freehold a Condominium in Thailand?
Answer: Buying a Condominium in Thailand is perhaps the simplest
and easiest option available to foreigners. The only restriction on purchasing
a Condominium in Thailand are that the percentage of units sold to foreigners
cannot exceed 49% of the total number of units in the complex and that
the funds used to buy the condominium have been remitted from abroad and
recorded as such by a Thai Bank on a Foreign Exchange Transaction Form.
The owner of each Condominium unit is issued with a certificate of 100%
unit ownership.
Question: What is a Foreign Exchange Transaction Form?
Answer: This is an official bank document issued by the receiving
bank upon the receipt of foreign currency into your bank account in Thailand.
You must request a Foreign Exchange Transaction Form from your bank when
you are remitting funds ot Thailand for the purpose of purchasing a Condominium
in Thailand, and the Foreign Exchange Transaction Form must specify that
the remittance is solely for the purpose of purchasing a property in Thailand.
Question: What is a Chanot?
Answer: A Chanot or Land Title Deed is the purest form of evidence
that an individual owns a piece of land. Title Deeds are given only for
areas of Thailand, which are surveyed.
Question: Can I get a Mortgage Loan?
Answer: Foreigners generally cannot mortgage properties in Thailand,
most of the financial institutions in Thailand provide loans for real
estate purchasing to Thais and Thai Companies.
Question: What Taxes, Fees and Costs are applicable to purchasing
a property in Thailand?
Answer: On all purchase - sale of property in Thailand there is
a Stamp Duty of 0.5%, a Transfer Fee of 0.01%, a Business Tax of 0.11%
levied against an owner who has been in registered possession of the property
less than 5 years, and an Income Tax. There is no Capital Gains Tax in
Thailand, unlike many countries, and Income Tax (between 1.0% and 3.0%)
on property is the comparable replacement. There are no set rules on who
pays the Income Tax, and it is just another part of the bargaining process,
as with all the other costs of the transfer of ownership.
Question: What is most important if I want to buy property?
Answer: Whether you are considering to purchase, rent or lease
property in Thailand, there are several infrastructure and other considerations
which must be taken into account:
Location: Roads, proximity and access to business, hospital, schools
and shops.
Telephone: Access to direct lines and IDD facilities
Water: Connection to main water system and maybe supplementary
water storage facilities.
Electricity: Mains connection
Security: 24 hours security service
TV: Cable TV or Satellite TV connection
Air Conditioning: A necessity in Thailand
Manora Company Limited Hua Hin
is managed by Swiss directors.
Use our professional advice and our knowledge to make your life easier.
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