company

  • What happens when the government closes the company route?

    I'm curious about your opinion, I bought a home in Samui in 2005, as many others with a Thai limited company. My questions is what would happen if the Thai government would indeed start closing companies of foreigners who own their holiday home in Thailand? Who would get the assets? Would the Thai shareholders get hold of my home and assets, read my Thai lawyer or his affiliates who created the majority Thai ownership in the company? or would the shareholders get part of the assets according to their shareholding in the company? or the Thai government would confiscate the assets and take the land back?