What are the safeguards of owning freehold land, and what are the responsibilities?
As an additional safeguard, you may set up a company to control the freehold land which you, as an individual, then lease. Further, you may also have the company register a mortgage over the land in your favor. If you choose to purchase your property Freehold you should consult with professionals who will adopt the proper legal structure to protect your interests and who are able to explain the same to you in detail, in your own language or at least in a language that you understand well. There are legal responsibilities and tax implications with respect to the owning and running of a Thai company. If choosing the Freehold method of ownership and control you should appraise yourself of these costs, responsibilities and implications by consulting a professional lawyer.
