Land and Building Tax in Pattaya “The long arm of taxation”

Nobody can deny that everything is impermanent except “death” and “taxation”. The long arm tax policy of the HMRC causes misery for many British tax payers who are forced to give up their possession in the UK and buy property in Pattaya.
Many of them set up a Thai company to own the property. The circle of life in every year for these foreign property buyers is to see their lawyer and accountant to prepare and submit their company’s balance sheet and tax returns. This company ownership structure is always a good solution to be free from all hungry vultures. These foreigners believe in the old say that “Hell hath no fury more than a woman scorned” and are scared to put the ownership of their property and destiny in the name of their Thai lady.

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A fiduciary duty in question

Notary Public in Pattaya-To be or not to be authorized that is the question!

The good news is that we are all living longer. This can be the bad news for your government who wants to save the treasury of the country. Most of the welfare states will keep your money as long as they can. You have to healthy to live until the age of 65 to have your retirement pension. The problem is that whilst your body may be geared up for this, on occasion of your minds are not. It is also a sad fact that the elderly are being target by the unscrupulous and prejudice, and so it seems very sensible to think ahead.

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Amicable Divorce

The Adulterous Farang Who will cast the first stone?

“Thou shalt not commit adultery” is one of the holy commandments for us to be free from this deadly sin. Historically, adultery has been considered to be a serious offence by many cultures. In this century, the concept that the adulterous behavior should be punished by law is different in many countries. In the traditional English common law, adultery was a felony. Henry VIII beheaded his beloved wife for her adulterous behavior which was considered as the treason. Now many English men are sued by their English spouse for their adulterous behavior in Pattaya. These unfortunate English men are legally enslaved to give the alimony for their spouse for the rest of their life.

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Buy of Business in Pattaya

IN Pattaya which is the city located between the devil and the deep blue sea, the most popular business in beer bars where all pagans can relax themselves by worshiping hedonism instead of God. Most of the real owners who invest money are foreigners falling in love with the easy life style of “Mai Pen Rai”. However, this carefree mentality can sometimes lead them to the dilemma. Nobody cares about the crazy farang who lost all his fortune and jumped out from his condominium or died of suffocation by a plastic bag covered on his head. Believe it or not! This suffocated farang just committed suicide without any so called, “conspiracy theory”.
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New Condo Law

The hammer of justice against the abusive interim manager under the new condominium law

Now it is a time for most of you to pay the maintenance fees for your condominium. Some may pay without any question. However, we come across many owners who are abused by the unscrupulous developer or management team of the condominium. These owners share the same revolutionary ideology with the American who would not pay tax without representation. The concept of the condominium is quite

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Thai wives

Legally Speaking About Thai Wives & Farang Husbands
“Only Fools Rush In”
By Ponthep Werachon
Updated 11th APRIL 2007

“Papa John” is a macho guy. He has been married to a Thai lady under the draconian condition that he would be a leader of a family, whereby all the important matters would require only his decision. After 20 years of marriage, John finds out that he has never made any single decision in his family, because all matters are small, requiring only the decision of his wife or even sometimes just his daughter”

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Your last will

HOW TO MAKE A LAST WILL AND TESTAMENT UNDER THAI LAWS
By Ponthep Werachon

Everything in this world is impermanent except “Death” waiting for all of us. Having a good “Will” in  life definitely makes you happy and tranquil for every breath you take.

It is undeniable that we work hard during our life just for the happiness of our beloved ones. This ideology makes the perpetuity of our lives.

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New policy of the land Department

The new zero tolerance policy of the Land Department for foreign ownership

Don’t panic to barter your last castle for a horse!

The quote of Shakespeare “My kingdom for a horse” becomes contemporary in Pattaya where most foreigners are currently in the stage of shock with the new policy of the Ministry of Interior to investigate all buyers who are companies with foreign shareholders. As we are aware, many foreigners in Pattaya set up companies with 51% shares held by Thai nominees to buy land. From now, the land registrar will investigate all Thai shareholders to ascertain if they are real shareholders or just nominees. This policy is to crack down Thai nationals who act as nominees for foreigners to acquire the land. The word “Nominee” seems to be popular amongst politicians who clandestinely run their business empires through their maids or drivers. Some lawyers in the popular resort island hold shares in 300 companies. These lawyers must make the huge billable hours to be able to buy 51% shares in 300 companies.

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Alternative ways to own property

Alternative Legal Mechanism to circumvent Legal  Restrictions of the Thai Land Code
By Porthep Werachaon

Some advisors mostly with non-legal background may advise you to easily circumvent the restrictions imposed by the Land Code by: -

1)      Setting up a Thai limited company with a Thai majority of 51%

2)      Appointing a Thai nominee and having a 30-year lease agreement or mortgage or right of habitation registered with the Land Office

3)      Having a Thai legitimate wife whereby the foreign husband can have the ownership of land with the registered right of habitation for life with maximum of 30 years

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Money Laundering

“Anti-Money Laundering Law”
A web of laws innocent property buyers can be trapped by!
By Porthep Werachon

Foreigners contemplating to buy a real property in Pattaya are beset by a plethora of precepts and legislations spreading and omnipresent in all local and international transactions. The ignorance of law cannot be the excuse in court for the violation of law.

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