Gary Pizzelleman

As far as the 49% Foreign Ownership goes - I have witnessed circumstances where the other 51% Thai Ownership is split up between the Thai Lawyer (2% or 3%) and the remainder to a Thai National of choosing.  The Thai held Shares give Power of Attorney to the 49% shareholder who serves as Managing Director of the Corporation who has the right to act on behalf of the corporation, including transfer shares to another Thai if things go Sideways - This also requires an annual filing that costs several hundred Dollars or Euros to the Lawyer.  Just Say'n and Good Luck with that.  Cheers - G 

Hi - Not sure if you are aware or not, but you should have a "Tor-Tor Sam" for any money you you put in to a Foreign Name and Held Condo.  Hopefully I am just overstating the obvious, but a Tor-Tor Sam is a verification of the Money transferred into Thailand to buy the Condo is on the Up and Up - Having this established up front will save many headaches on the back end if there is one.  Good Luck - G