Quote:
Originally Posted by robh
I have a friend who is an agent in Singapore who sells a lot of property in Thailand and if you think getting money out of Brazil or doing business in Brazil is difficult then you need to buy a villa in Thailand.
As the villa is on land there is a problem, land cannot be owned by a foreigner, so the only way to buy a villa in Thailand is to open a company, but the company must be majority owned by a Thai national, who you need to (and want to of course) resign after the company is setup and the purchase has gone ahead. If you then wish to repatriate your profits doing it through official channels won't work very easily at all, if at all. So now there are a lot of Thai nationals who will take your money and send it to a relative of theirs living outside of Thailand as a gift. This gift is then passed on to you.
Rob.
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Certainly doesn't fill you with confidence, does it?