We are considering opportunity of bargain office space for Delta Star in order to refuse renting current office. However, it is supposed that property will be purchased on physical name (by one of foreign shareholders of Delta Star), but not on the company. Thus, our lawyer mr. Joseph who is consulting us in all aspects of this purchase advises us to use Thai bank account for this bargaining.
Please advise if we can use bank account of Delta Star for such kind of purposes and it won't add us any problems with the tax authorities.
"It should not be a problem with the tax authorities to send the money for the purchase of the condo to your company account but I would check with your accountant first to confirm that this won’t cause any problems with the company’s bookkeeping or the auditors. When you remit the funds you would also want to add a memo to the transfer saying “For purchase of Condominium Unit No. 919/472 in the Jewelry Trade Center Building by Alex _____.