The remainder must end up being Thai-owned. To own way up to 49% with the total floor space in a condominium building. Ensure the lease is effectively registered at the Area Office. Thai Organization: Setting up the Thai company (with majority Thai shareholders) to possess land is usually complex, requires genuine business operations, and carries significant lawful and financial threat. Very niche. Bottom Line: Usually hire a reliable, English-speaking Thai property lawyer to manage due diligence, contracts, and registration.
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