Why you may need to start a company in Thailand to acquire land?
It is generally not possible for foreigners to own land in Thailand. However, there are ways for foreigners to acquire land in Thailand through a company structure. One option is to form a Thai company and have the company purchase the land on behalf of the foreigner.
Here are some key points to consider when setting up a Thai company to acquire land:
- Company structure. There are several types of Thai companies that can be used to acquire land, including limited companies, public limited companies, and partnerships. It is important to understand the differences between these types of companies and to choose the one that is most suitable for your needs.
- Shareholding. As a foreigner, you are generally not allowed to own more than 49% of the shares in a Thai company. This means that you will need to find Thai citizens to hold the remaining 51% of the shares.
- Legal considerations. There are a number of legal considerations to be aware of when setting up a Thai company to acquire land. It is important to seek legal advice to ensure that you are complying with all relevant laws and regulations.
- Taxes and fees. There are various taxes and fees associated with setting up a Thai company and acquiring land through that company. It is important to be aware of these costs and to budget accordingly.
- Ongoing management. As the owner of a Thai company that has acquired land, you will be responsible for the ongoing management of the company. This includes filing annual reports, paying taxes, and complying with other legal requirements.
How Phuket Realt Can Help You Set up a Thai Company to Acquire Land
- Company formation. Phuket Realt could help you to set up a Thai company by assisting with the necessary paperwork and legal requirements.
- Shareholding. Phuket Realt could help you to find Thai citizens to hold the required 51% of the shares in the company, ensuring that you are in compliance with the law.
- Legal guidance. Phuket Realt could provide legal guidance to help you understand the legal considerations involved in setting up a Thai company and acquiring land through that company.
- Tax and fee management. Phuket Realt could assist with the payment of taxes and fees associated with setting up a Thai company and acquiring land, ensuring that you are in compliance with all relevant laws and regulations.
- Ongoing support. Phuket Realt could provide ongoing support to help you manage your Thai company and ensure that it is in compliance with all legal requirements. This could include filing annual reports, paying taxes, and ensuring that the company is properly managed.
