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What are the disadvantages of setting up a Thai company to buy land?

April 26, 2017buy COMPANY disadvantages land setting Thai

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What are the disadvantages of setting up a Thai company to buy land?

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Unless you are an American, as a foreigner you cannot own more than 49% of the shares in the company. This means that you need Thai shareholders who will sign over control of their shares to you. The minimum number of shareholders is 7, so you can have 1 foreigner and 6 Thai shareholders. However, even though you control these shares, proper legal procedures need to be put in place in order to protect your investment.

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Unless you are an American, as a foreigner you cannot own more than 49% of the shares in the company. This means that you need Thai shareholders who will sign over control of their shares to you. The minimum number of shareholders is 3, so you can have 1 foreigner and 2 Thai shareholders. However, even though you control these shares, proper legal procedures need to be put in place in order to protect your investment.