How can I secure freehold land ownership in Thailand?
You need to set up a Thai company, of which you can own no more than 49%. For those of you who are not comfortable with Leasehold, the Freehold method of ownership means that the Thai company that you control owns the property. The Land Code of Thailand along with the Foreign Business Act (FBA) prohibits foreign control (voting and management) of a Thai majority owned company that owns land in Thailand. Therefore, it is of paramount importance that a proper legal structure is adopted to retain effective control over a Thai majority owned company whilst at the same time avoiding anti-agency and anti-nominee provisions.
