RELAX AND ENJOY

The leasehold ownership structure is the most popular nowadays due to significant benefits over setting up a limited company and registering your property as an asset.

1. Future transfer of the lease (ownership) is easy and inexpensive to achieve whereas selling your position in a land-owning company would usually require a thorough (and costly) due dilligence procedure by a law firm and restricts your shareholding to only 49%.

2. A leasehold structure does not have any yearly expenses whereas a land-owning company would have to submit its annual balance sheet and pay tax on its turnover, no matter how small. Every company registered in Phuket attracts the attention of Provincial Revenue Department who make their own assessment of the company's financial performance. Whatever the outcome of the assessment companies usually have to pay corporate tax as it is often not tolerated to run a company at a loss for long periods of time.