The easiest option is to put the asset into your wife or girlfriend’s name, but as we are sure you
will have heard prior to reading our website, this is not always the safest option in the long run!
This is why we thoroughly recommend the most common practice of opening a Limited Company.

Foreigners, aliens, or farangs as we are often known, can form a Limited Company and register the land as owned by the company.
The foreigner can personally own maximum 49% of the company shares, with the remaining 51% in the names of Thai nationals
(39% - 61% is the favoured division for land ownership to satisfy land office regulations).
You, the foreigner are named as the sole executive director in the company's ‘Articles of Association’ and also benefit from preferential shareholding, which allows you to have greater voting power and so greater control. A Thai Limited Company must have a minimum of 7 shareholders – e.g. 1 Foreigner and 6 Thai persons. New stricter controls may now require evidence of eligibility of shareholders to purchase their shares.
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We receive many enquiries from clients expressing concern that limited companies that are owned by foreigners could be exposed to 'special future legislation' by a (future) ‘extreme nationalist government’ with the intention of stripping foreigners of their property investments in Thailand. However, the truth is that your Limited Company is technically owned collectively by the shareholders, not the foreign director. Therefore, Limited Companies are Thai juristic entities subject to the Thai commercial law, and any changes to legislation must apply to ALL Limited Companies, not only those whose directors are foreigners. Commercial and personal Thai law really is no different from legislation in most other countries, and it applies to all juristic entities in Thailand, whether Thai or Foreign.
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How do I set up a Limited Company?

The Thailand Ministry of Commerce requires many documents to be filed when registering a Limited Company.
It should be noted that the bureaucratic process here in Thailand is very thorough and requires a great deal of documentation! However, we take care of everything, and our expertise will make this process very simple for you.
Processing your company formation with us will only require minimal time from yourself.  Enquire now...

Basically, this is how it works:
1) You need to decide on the name of your company.
2) You need to provide a registering address for your company.
3) You must submit a ‘Memorandum of Association’ listing all shareholders and the company Business Activities.
4) You then hold a ‘statutory meeting’ and document the minutes.
5) Your Company registration application is then processed at the Ministry of Commerce.
6) Finally we obtain your income tax ID card and number from the Revenue Department, and order your company stamp.
7) After a few weeks, you are presented with all your completed company documents and company stamp.

The costs of setting up a limited company depends on the registered capital of the company.
A minimum capital registration for most requirements now is a one million baht company. However, to acquire a work permit, the company must have a minimum registered capital of 2 million baht per each foreign worker. It is Thai regulation that a foreign business is required to prove they have a specific minimum amount of capital prior to approval. This can be done by submitting a document evidencing a bank account containing the specified amount, or with a declaration from the company director that the capital has been collected from the shareholders.
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The work permit is valid for a maximum period of one year, application for renewal must then be made before the expiry.
You must apply in advance for any change in the identity of the employer, the position held and duties to be performed, and also the location for the performance of the work.
Again, with our expertise, we can provide all the necessary arrangements to support you through your work-permit application. Simply sit back and relax, allowing us to run around and complete all the hard work for you. It is very important to get everything correct from the start.
Mistakes in your work-permit application can be costly, not just in terms of time. Enquire now...
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The visas of the following dependents may be extended to correspond with your own visa:

a) your parents
b) your spouse by legal marriage
c) children under 20 years of age not married or disabled

Other Visas we can help you with are ‘Retirement’ and ‘Marriage’ O-Class visas.

Holding any of these long term visas requires you to report to the Immigration Bureau every ninety days.
This is a very important procedure that should not be overlooked as consequences are that your visa will be revoked and you will need to apply again.
Whatever type of visa you require, Fox Legal Services can assist you ensuring your application is filed correctly, saving you all the headache often reported by people that try to do it themselves! Enquire now...
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Marriage

Thailand is one of the most beautiful locations in the world to marry, and getting married here is actually a fairly simple process.
If you plan to marry in Thailand you have to obtain clearance from your respective embassy. This includes clarification of your name, citizenship and legal freedom to marry. This document then has to be translated into Thai and legalised pursuant to the law of Thailand, before finally submitting with your fiancée’s documents and registering your marriage at the local amphur.
Thai registered marriages are recognized worldwide.

Added benefits of marriage are the bonus of being able to apply for a ‘marriage visa’ to stay in Thailand,
or even applying to take your wife/husband back to your home country.
Fox Legal Services can guide you through the whole marriage process which can be as quick as one week!
 Enquire now...


Protecting your assets with a Prenuptial Agreement

We have all heard the horror stories about lost fortunes through marriage, or more accurately divorce!
‘Prenuptial agreements’ are a legal standing agreement that can help you if you have assets of substantial value like property.

They form a financial plan that can be managed through the marriage or upon the break-up of the marriage. Understand that these are made before a break-up which is very different from trying to agree during a break-up! You are able to divide property into categories of separate and communal ownership, and specify how finances are managed during your marriage (except for provisions of child support).

If you think you will need to draw up a prenuptial agreement, then please contact us, we can process this for you properly,
ensuring you receive the peace of mind that your assets are properly secured.
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• Loss or damage to your tenants property
• Cover of up to 100,000 baht if you are fatally injured at home
• Protection for you and your spouse against legal liability to third parties

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If you are an Expat living and/or working abroad, there is nothing more important than ensuring you
have adequate medical cover for you and your family.
The cost of medical treatment is increasingly expensive and very difficult to arrange, particularly in
an emergency.
Accessing the right kind of health insurance cover can turn out to be a nightmare.
Let us help you - We have access to Private HealthCare schemes made specially available to
Expatriates, with all levels of cover and added freedom to choose the hospital of your choice.

There is also a dental option. Enquire now...
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There are possibilities to use your property in your home country or here in Thailand as
security for your loan. Please contact us for further information.
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