Foreigner’s Buying Land

How to Open a Company in Thailand and Buy Land in the Company’s Name

Foreigners are not allowed to own land in Thailand in their own name. However, there are a few ways that foreigners can own land in Thailand through a company.

One way is to form a Thai limited company (LTD) and own 51% of the shares in the company. The remaining 49% of the shares can be owned by Thai nationals. This gives the foreign shareholder control of the company and the right to own land in the company’s name.

Another way to own land in Thailand through a company is to form a partnership with a Thai national. The foreign partner can own up to 49% of the partnership, while the Thai partner must own at least 51%. This gives the foreign partner the right to own land in the partnership’s name.

Once a company has been formed, it can then purchase land in the company’s name. The land must be purchased in accordance with Thai law and the company must have the necessary funds to purchase the land.

Here are the steps on how to open a company in Thailand and buy land in the company’s name:

1. Choose a company name. The company name must be unique and cannot be the same as any other company name in Thailand.
2. Prepare the company registration documents. These documents include the company’s articles of association, memorandum of association, and shareholder agreement.
3. File the company registration documents with the Department of Business Development.
4. Obtain a company registration certificate.
5. Open a bank account for the company.
6. Purchase land in the company’s name.

It is important to note that there are some restrictions on what types of land foreigners can own through a company. For example, foreigners cannot own agricultural land or land that is located in a national park or other protected area.

If you are interested in owning land in Thailand through a company, you should consult with an experienced Thai lawyer to ensure that you are in compliance with Thai law.

Here are some additional things to keep in mind when opening a company in Thailand and buying land in the company’s name:

• The minimum registered capital for a Thai LTD is THB 2 million.
• The company must have a Thai director and a Thai secretary.
• The company must have a registered office in Thailand.
• The company must file annual financial statements with the Department of Business Development.

Owning land in Thailand through a company can be a good way for foreigners to invest in Thailand and to own property in the country. However, it is important to be aware of the legal restrictions and to follow the proper procedures.