Can Americans buy land or property in Thailand through a privately owned company?

The discussion revolves around whether Americans can use their privately owned companies to buy land or property in Thailand. Most comments suggest that direct ownership of land by foreigners is prohibited, while businesses can own property. However, a significant point of concern is the distinction between having a genuine business versus a facade for property ownership. The Treaty of Amity allows for 100% American ownership of companies, but these companies are generally not allowed to own land. Instead, it’s noted that Americans can own condos under certain conditions or lease land. There's an overall sense of caution regarding the complexities and potential legal risks involved in property ownership for foreigners in Thailand.