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    Domestic / cross cultural issues - Thai / Foreigner concerns

    Foreigner buying lands through a Thai company

    By charlie, Created on: 07/06/2009, Last updated on: 25/06/2009

    ยป [b:1ek82v4c]FACTS:[/b:1ek82v4c] Most foreigners legally married or not with Thai spouses, are buying small or large pieces of land in Thailand (Pattaya, Phuket, Koh Samui) by setting up Thai companies and are buying 2-3 rais of land in order to built several houses for rent or sale in order to have...

    • MTT commented : Dummy companies have been used in Thailand for years. Usually for VISA purposes. A company can buy land to do business and for company housing. BUT...it appears changes are in process so what was before may not be tomorrow. One question I would have is if you can't own the land, but your company does and develops it, can you ever take the profits? Too complicated I think if you don't have the 'connections'. Easier to get a condo, so build a big 'condo' and live in it? They have you there too because you can't occupy more than 40% of the 'condo' building. The best advice I have been given over and over is, lease the land or buy it with someone you want to [u:61urr0va]give it to[/u:61urr0va]. Then you can build any house you want. But you cannot own the land. Leasing is very common in Bangkok. Most of the big buildings in Bangkok are sitting on leased land. A 99 year lease should be enough since Bangkok is supposed to be under water in 50 years anyway!

    • ohm commented : [quote:ttu63vjf]by charlie on Sun Jun 07, 2009 11:42 p06 [119.42.86.xx] FACTS: Most foreigners legally married or not with Thai spouses, are buying small or large pieces of land in Thailand (Pattaya, Phuket, Koh Samui) by setting up Thai companies and are buying 2-3 rais of land in order to built several houses for rent or sale in order to have regular incomes for retiring. QUESTION: Is it legal in Thailand to buy land through a Thai company which is owned at 49% by foreigners?[/quote:ttu63vjf] This might be helpful: http://www.bangkokpost.com/news/investi ... -the-books

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