Phxdiver

Appreciate all the responses. Yes I'm American for those concerned. I don't see the benefit of 100% ownership of the company. I highly doubt I'd make anything near the Foreign Earned Income Exclusion limits for US taxes so anything I make would essentially be tax-free on my US taxes anyway. I know dozens of foreign dive instructors in Phuket who are freelance instructors who coordinate with Thai accounting firms to process tax, employment, etc. payments so they can obtain/maintain a non-B visa and work permit. My understanding is that these instructors have essentially created Thai companies, since I always hear that there's a requirement of 4 Thai employees, presumably so that I'd get one foreigner work permit quota. All I'm asking is whether that sort of company would allow real estate purchase. I suspect the answer is "it depends", based on the answer provided by @Maestro. Thanks for everyone's responses!

Greetings, Sorry if this post is in the wrong spot. I'm heading to Thailand in the fall to compete my scuba instructor qualification. The shop I'm diving with has offered me a job after I'm qualified. They'd handle all visa related paperwork (on one of their foreign quotas). Alternatively, I understand I can find a reputable accounting firm and have them help me create my own business (freelance instruction) which would entail taxes and social security payments (I'm sure I'm over-simplifying). My question is regarding the later option. Would this route also allow me to purchase property through my newly formed "company", or is the work company formed for scuba instruction a different entity than a company formed for property purchase? Just exploring options at this point as my plan will be to stay long term in Thailand. Respectfully, I'm not looking for a "buy -vs- rent" debate. Thanks in advance!!!