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Can a foreigner own land (land with house) as a minority partner in a partnership which is considered a juristic person?

April 26, 2017foreigner House juristic land minority partner partnership person

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Can a foreigner own land (land with house) as a minority partner in a partnership which is considered a juristic person?

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The simple answer is yes. However it is important that the non Thai minority shareholder should not own more than 38%, as any foreign shareholding structure greater than this is automatically investigated by the Thai lands department.