1)What is the difference between Thai company and Foreign ownership?

There are two possible ownerships in Thailand:

1)Foreign name which is like owning property in your own country

2) Thai company which will own the property. In Thai company you will hold 49% of the shares, your lawyer will introduce to you 2 silent Thai

Partner who will own the remaining 51% and who would have signed the sale of their shares in blank.

• There are no taxes what so ever on Thai companies owning property but you will have to have annual balance sheets which cost about 500$

• The price of condos under Thai compnay name are often somewhere between 10 to 20% cheaper than the same condo under the foreigner name.

• The set up cost of Thai company varies on the capital subject to the price of property you purchase.

• And that in the eventuality that you wish to sell the property, transfer cost is around 800$ in Thai company ownership  subject again to capital but with foreign ownership it’s around 7% of the sales price .

• The disadvantages is that you are hold a minority in a company that owns your property.

• As land can only be owned by Thai nationals or Thai company, a Villa could only be purchased through a Thai company.

In a simple term:

so lets answer this question :

CAN A FORIEGNER  OWN 100 %  OF A CONDO IN THAILNAD? ANSWER:  YES