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homeownership for expats
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How is it possible to use home ownership to qualify for LTR visa when farangs cannot directly own land in Thailand? I am interested in pursuing an LTR visa, wealthy pensioner category, under terms which allow for $40k+ in passive income and $250k+ in Thai property investment. I wish to try to qualify by spending $250k+ on a freestanding house (not condo) to use as my primary residence (not for rental). The issue is how to purchase in my name in a way that qualifies for the LTR visa but still complies with laws against foreigners owning land. Do I need to find a leasehold property? How could it work for a freehold property? If I create a business to own the property, must I be a minority business owner (49% max)? If so, would I then have to spend $505k+ in the house to make my share worth $250k?