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Can foreigners buy land in Thailand through a registered company?

Thai property lawsForeign ownershipBuying land in ThailandLegal advice for expatsReal estate investmentRice whiskey manufacturing in Thailand
Jan 11, 2024
a year ago
Sopan *********
ORIGINAL POSTER
What does freehold property mean?

Can I as a foreigner

1. Buy land with a company regd in thailand?

2. What is the legal position in the above situation?

3. Am I (thag company) allowed to sell such land?

4. Anyone knows anyone who is into Rice Whiskey Manufacturing?
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TLDR : Answer Summary
The conversation discusses the legality of foreigners owning land in Thailand through a registered company, indicating that it is generally considered illegal. Several comments highlight concerns about legal repercussions related to these actions, while others suggest consulting legal experts for accurate information. Additionally, there is mention of a distillery in Phuket related to rice whiskey manufacturing.
Norbert ***********
The company can buy the land and put it in the landofficepaper(schanod)and you rent it for 2x 2 pr 30y.
a year ago
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Steve **********
Simply......Don't

you'll hear all the cons. loopholes etc....Don't
a year ago
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Frank **********
You need OJ Simpsons lawyer.
a year ago
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Sam ******
This legal site has the info you need (nothing to do with me- just has info you need):
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a year ago
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Neil ********
@Sam *****
 great article and correct.
a year ago
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Neil ********
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Steve *******
correct.
a year ago
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Richard ********
Get a good lawyer
a year ago
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Michael ********
There is a good distillery in Phuket and they used to do tours. Very well operated.

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a year ago
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Stephen ********
@Michael *******
a year ago
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Michael ********
@Stephen *******
 No its a distillery and a well operated one. Do you realise the process is the same. If i was going into this buisness i would take the opportunity to look at a good set of equipment. You can get basic distilling equipment off lazada for couple thousand baht but its not the same.

I could easily make a set up out of kitchen equipment but again its not the same
a year ago
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Michael ********
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Sam *********
nasty product to be honest
a year ago
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Michael ********
@Sam ********
 I dont drink but being steam engineer i was interested in the equipment
a year ago
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Michael ********
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Sopan *********
ORIGINAL POSTER
@Michael *******
 looks good 🤔🤔 let me check it out more
a year ago
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Sopan *********
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Michael ********
a year ago
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Brandon ************
Creating a company to own property as a foreigner is illegal, because foreigners cannot own property. Many people will say it's legal, but all you have to do is look at the news to see the crackdowns on this exact situation that have been happening.
a year ago
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Norbert ***********
@Brandon ***********
 iam not the owner,the company is the owner.Iam the Renter of the land!!!
a year ago
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Brandon ************
@Norbert **********
 the COMPANY is illegal
a year ago
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Brandon ************
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Norbert ***********
@Brandon ***********
 A set up company can Buy land and register it on the landoffice,you ate the generalmanager,you can Rent it from the company.
a year ago
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Brandon ************
@Norbert **********
 still illegal since it's going to use nominees
a year ago
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Brandon ************
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Kool *******
@Brandon ***********
 that is dealing with nominee shareholders to circumvent the business ownership requirements of regular businesses only being 49% foreign owned. Land speculation, and ownership, is not illegal, as long as the business structure is above the board, with the correct shareholder ratios. A foreign individual can not own land, but a legal corporation can.
a year ago
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Brandon ************
@Kool ******
 the 2 issues are basically the same, since the foreigners who want to own their house don't want the company they created to skirt the law and own their house to be 51% owned by Thai directors.
a year ago
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Kool *******
@Brandon ***********
 that's why the voting rights of the stocks issued are important now.
a year ago
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Neil ******
@Kool ******
 the Thai shareholders are nominees unless the company is engaged in actual business and the shareholders are all realizing profits/losses. If the company has been formed solely to hold the property, it will always be as Brandon says.
a year ago
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Neil ******
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Sopan *********
ORIGINAL POSTER
@Brandon ***********
 hmmmm Interesting 🤔🤔
a year ago
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Brandon ************
@Sopan ********
 there are entire law firms who only setup these companies for foreigners to own property. Of course they're going to tell everyone it's legal, because it's how they make their money.

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a year ago
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Brandon ************
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