Answered2 years ago
What is the easiest process for an expat to open a company in Thailand and use it to buy a house while complying with the law?
Can anyone recommend the easiest process to open a company and then use this to buy a house ? I know need 51% Thai, so I have 49% with 25% and 24% Thai….
Answer summary
Opening a company to buy property in Thailand can be risky and may expose you to legal issues. Although you might consider a setup with Thai partners to own 51% of the business, many comments emphasize that this practice is illegal if it's solely a means to circumvent property ownership laws. Legal experts strongly recommend against it due to increased crackdowns by authorities. Instead, it is suggested to seek legitimate legal advice or consider leasing property. For expats without a Thai spouse, there are significantly fewer pathways to legally owning a home in Thailand.
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Brook ********
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1-phukets-foreign-investment-crackdown-over-200-arrested-in-nominee-scheme
Doug *********
I am not going to offer to set up a nominee company. It’s illegal, and the people involved are getting arrested. You can lease for limited fix periods and there are better ways to lease, but you cannot buy. Its that simple.
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Frank-Steven ***********
If you go down this road, make sure to have "preferential shares" considered. This way, while not having majority shares (which cannot happen in Thailand with a normal comapny as a foreigner), you will preserve majority votes for yourself. Still, it remains risky. Because should authorities / courts deem that your whole construct is only to circumvent / achieve owning land - then they are within their legal rights to take action. Not sure how much enforcement happens - but rumors have it more and more.
Nongnuch ********
creating a company in order to buy a house is illegal. Thai government and Immigration is cracking down on those who use this scheme. Be warned!
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Kris ********
She gets a bonus in the Pre Nup if he dies with a smile on his face???????
Armando **********
Meet the right Thai woman or man depending on you preference, that won't f you over and marry her or him then buy business and or house in their name. Foreigners can buy condos but not houses or property. That's what I did and so far so good. Good luck 👍
Aaron *******
@Armando *********
Horrible advice.
Tohksic ******
@Armando *********
I bet you buy lottery tickets as well 😂Tohksic ******
I know of 4 folks already in the last 6 months who have had their company assets (house/land) seized for using shell/nominee companies to control the assets. The long-tolerated illegal workarounds seem to have come to an end, or at least it seems to be the beginning of the end.
Dylan *********
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477 in today's news ;-)
James *****
OP@Dylan ********
ruskies causing problems…. ?
Bart **************
They're cracking down on this construction. It's just not legal to own land.
John *********
So much misinformation there are legal and legitimate contracts for this. Whilst nominees are illegal. Agents contracts between Thai are completely lawful depending on the company set up.
For legal advice and assistance, I suggest you contact the following who have been assisting overseas nationals since 2007 with smatters
The British client affairs manager and practising Lawyer together with his in-house team of Thai lawyers bargers and consultants and accountants will guide you through the process legitimately and legally
I hope this assists 
For legal advice and assistance, I suggest you contact the following who have been assisting overseas nationals since 2007 with smatters
********************
The British client affairs manager and practising Lawyer together with his in-house team of Thai lawyers bargers and consultants and accountants will guide you through the process legitimately and legally
I hope this assists 
Us *****
Cheaper to rent. Why buy, use that money to invest. Only Chinese people from the mainland would buy properties here to launder money out of China. You're not one of them, are you?
Alistair **********
@Us ****
land has provided great returns in many places in ThailandUs *****
@Alistair *********
but you're not allowed to own land.James *****
OP@Us ****
never assumeJames *****
OP@Us ****
renting it’s not yours, can’t do what you want, risk of being asked to leave, owner wants to sell blah blah blah….Us *****
@James ****
owner will never sell unless they do it at a lost. No owner would reject your idea of doing something to improve their property. As for it is not yours, this is Thailand, it is never yours. You're just too old fashion, I don't think I can convince you.James *****
OP@Bradley ********
agree so muchJames *****
OP@Us ****
stop assuming, that’s a fools gamesUs *****
@Bradley ********
again, owner will NEVER sell UNLESS they do it at a lost.
Dave *********
Personally I would lease rather than buy but if I was buy I give 45% and 6 %. To Thai with a six a non voting share holder
Michael ********
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/09/french-woman-catherine-delacote-ko-samui-company-assets-could-be-seized-by-the-ministry/Us *****
@Michael *******
this is absolute bs. All the real estate developers encourage foreigners to buy homes using this method. Most of the houses in Samui are set up this way. I cannot recall seeing a foreigner with a Thai wife on Samui. This is why you rent and assume little risk.
Will ************
80+ foreigners have been rounded up in Phuket very recently for doing something similar to this.
John ********
The proof I was seeking was assuming this was about setting up a Ltd., company with six Thai partners, plus one farang to purchase a property, so the only investor, the farang could protect his investment. If the Thai Government as I've said previously let foreigners buy houses, but put restrictions on how they could sell them, instead of them being able to speculate for profit purposes, then that'd we'd out genuine foreigners from those who'd like to abuse, by buying cheap & selling at a profit.
John ********
@Will ***********
Where's your proof?
Nigel *********
@John *******
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96Michael ********
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54/more-than-200-arrested-in-phuket-nominee-crackdownMichael ********
@John *******
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54/more-than-200-arrested-in-phuket-nominee-crackdownMichael ********
Bad idea they are cracking down on this.
Recent case where french lady (i think) died and left house to maid has been trending on thai social media
Recent case where french lady (i think) died and left house to maid has been trending on thai social media
James *****
OPWhat’s the best way?
Doug *********
@James ****
The worst way is to post the questions you are asking on Facebook. You are asking: “what is the best way to commit serious crime that is under intense scrutiny” on Facebook.James *****
OP@Doug ********
thank you for your input
John ********
@James ****
there's no best wayMichael ********
@James ****
Lease the land, see a lawyer
Ryan ************
@James ****
There is no safe, legal way around this unless you have a Thai wife that can be on the title deeds. I think there has been a big crackdown on this on Phuket in recent months and the rest of Thailand could be next. Really wouldnt risk it unless you can afford to lose the house
Johann *********
You are literally exposing yourself for wanting to circumvent the law friend.
The only sin is getting caught after all. You are making it way too easy.
The only sin is getting caught after all. You are making it way too easy.
Brandon ************
Unless the Thai partners have actual financial investment in the company and the ownership of the property is for an actual business purpose of the company, it's illegal. They are called nominees and highly illegal in Thailand and the subject of a crackdown currently.
Judy *******
Judy *******
Technically illegal and could backfire on you
Nigel *********
@John *******
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96Nigel *********
@John *******
nothing what so ever. What has the op's question got to do with non o and retirement extensions? You're very funny guy.Judy *******
@John *******
This whole conversation is about using Thai nominees for fake businesses in order to purchase property. No-one, other than you, have ever mentioned agents/visa extensionsJohn ********
@Nigel ********
what has this got to do with agents getting 'O' visa extensions based on retirement?Nigel *********
@John *******
not been following the news Hun?John ********
OMG., So many righteous farangs on here. Maybe trying to change the Thai way of doing things.
John ********
@John *******
yes that is correct if the thai government has a good look at it a lot of people will be going to prisonJohn ********
@John *******
they have done it before and they will do it again when they need some tea moneyJohn ********
@John *******
OMG, make sure you get tucked up in bed tonight 😂John ********
@Judy ******
How do you reckon it's technically illegal? Explain please.
Jj ****
@John *******
nominees are illegal
Danny *******
@John *******
For one thing the company has to be a valid operating enterprise with a revenue stream not just a shell to own the house.
Nick *******
Definitely speak to a lawyer . I bought a house 2 ISH years ago and my lawyer said they would set me up a company if I really wanted too, but strongly recommend I didn't go that way .
Damo ******
@Nick ******
What did he recommend ?Nick *******
@Damo *****
I went with the house in my name and a long term lease in a Thai friends name for the land .Damo ******
@Nick ******
Ok I understand. Thanks for the info.Nick *******
@Damo *****
because it's not totally legal and she said old companies seem to be fine but setting up new ones just for house purchase they are being scrutinized more.Damo ******
@Nick ******
Cheers, sounds reasonable. Can I ask why your lawyer thought the company option would not be best option for you ? Appreciate your advice.
Stuart *********
You’ll probably need to seek good legal advise on this one as they are cracking down on nominee shareholding.
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