Hello, My girlfriend and I have arrived in Chiang Mai to check out a building project her father started but ran out of money near completion, approx 45 million baht was put into it. It’s been sitting in the hills for 15 years and now we want to take on the project and I have been made power of attorney and have teh chanote deed. We need advice on what type of visas could we possibly be eligible for and considering the substantial amount invested already by the company does that allow for us to maybe be open any type of investors visa? Thank you all for any help, much appreciated.
5,352
views
15
likes
113
all likes
33
replies
1
images
22
users
TLDR : Answer Summary
A user inquires about potential visa options for taking over a stalled building project in Chiang Mai, Thailand. The project has seen significant financial investment but requires new input to qualify for visas. Comments from the community emphasize the necessity of obtaining legal counsel due to complexities involving the investment and the property, including the importance of BOI approval for investor visas. Multiple users share advice on consulting with lawyers and caution against proceeding without proper legal support.
My concerns as farang married for 50+ years, make sure you have registered mortgages going forward. Always have a 3rd party interpreter at any business dealings, make sure all relevant permits are in place, right down to the local village headman. Check for outstanding loans, both registered and not.
I recently explored around a stalled project along the Chiang Rai road on the hot springs area. It was intended to be in the Khmer or Cambodian style and even though abandoned for a long time, still has strong foundations to continue on. Notwithstanding the anomalous style in Lanna cultural country, it seemed a shame that it didn't get finished and if finished well could definitely be a very good project.
I have no advice to offer and I'm only making an outsider's comment, but if this was to be your project AND if you were able to enlist the help of an honest lawyer, and if the project was allowed, I would say good luck and go for it! Looked like a very good concept from a casual observation. It's certainly in a very good position 😊
If I recall correcrly was developed by a Japanese investor, intended to be an Onsen type spa and there has been very drawn out legal disputes regarding that place.
Hey.. my friend is a lawyer. He speaks perfect English. His dad owns a few hotels in Bangkok. DM me if you want his details. Solid guy, very trustworthy
I find this topic interesting. Understand that you're looking for positive advice and direction. That being said my advice will appear to be negative but is actually offered in a positive viewpoint. And that is not to sink any money into this at all. If you'd like to talk about it you can certainly send me a private message
First time doing business in Thailand I see. Best to fill it with concrete and build something new. Almost certainly will cost you more to try to fix the skeleton
personally i think you would be crazy to move fwd without legal representation - allot of things you are not aware of and they would be. You, and likely I, would be taken advantage of... so it's probably worth the sit down for 1 hr to discuss. He was American but now is Thai national.
The BOI would need to approve the investment for it to qualify for a visa. They're not going to approve something that's already been done as the point of the visa is to bring new money into Thailand.
likely you are correct regarding his ability to procure a visa based on those funds...but he has to have additional funds to complete the project dormant for 15 years... those are the funds I am "thinking" might allow him to move forward with his plans. Legal assistance will help him determine if they are enough or not. That's just my opinion and I am not a lawyer nor a doctor nor a rocket scientist...just a regular old guy who has seen allot.
a lawyer wouldn't do anything. The BOI decides what qualifies and what doesn't. They run the investment visa program. The op just needs to get in contact with them.
OK I am definitely not in the know here - so I am only saying what I would do really... maybe they already know what you are saying is the correct path.
The ask:thailand community, consisting of multiple Q/A groups with over 100,000 members, powers this platform. It is not an official government resource. Our members actively contribute to this resource, and while we strive for accuracy, we cannot guarantee its complete reliability. Assistance to travelers is provided as a community service.