Phuket Property via Thai Company_ Pros and Pitfalls
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Phuket Property via Thai Company_ Pros and Pitfalls
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Thinking of buying property in Phuket through a Thai company? This guide breaks down the legal options, benefits, and serious risks. While Thai law permits land ownership by companies, foreigners may only hold up to 49% of shares, and nominee/shareholder structures must be fully legitimate. If done correctly—via a real operating business with audit accounts and genuine Thai partners—it can be legal and viable. However, sham company setups or nominee shareholders are illegal and may lead to revoked ownership, penalties, or criminal charges. Essential reading for anyone considering this route to land or villa ownership in Phuket.
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