Here are three realistic exit strategies if you’re sitting on a property held through a 49/51 SPV in Thailand. Each option balances risk, cost, and control differently: 1. Convert to Leasehold (Least Disruptive)How it works : Transfer the land title from the SPV to a Thai individual (trusted partner or nominee) and simultaneously register a 30‑year lease in your name. Pros : Leasehold is fully legal under Thai law. You retain control for 30 years, with renewal clauses often added. Lower risk of confiscation compared to a nominee company. Cons : You don’t “own” the land outright. Renewal after 30 years is not guaranteed — depends on Thai law at that time. Best for : Those who want to secure use of the property without dismantling everything immediately. 2. Restructure the SPV (Middle Ground)How it works : Replace nominee shareholders with genuine Thai investors who contribute real capital and participate in management. Issue preference shares to yourself to retain voting control. Pros : Keeps the company structure intact. Can satisfy Land Office scrutiny if shareholders are legitimate. You maintain influence through preference shares. Cons : Requires finding trustworthy Thai partners. More complex paperwork and ongoing compliance. Best for : Those who want to keep the “company ownership” model but make it legally defensible. 3. Exit to Condominium Freehold (Most Protective)How it works : Sell the land and reinvest in a condo unit where foreigners can own up to 49% outright. Pros : 100% legal foreign ownership. No need for Thai shareholders or SPVs. Easy resale and inheritance. Cons : You lose the land/house setup. Condo living may not suit rural or villa preferences. Best for : Those who prioritize security of ownership over lifestyle flexibility. ⚖️ Bottom LineLeasehold : Keeps your house, but you’re a tenant in law. Restructured SPV : Keeps the company, but you need real Thai partners. Condo freehold : Bulletproof ownership, but lifestyle trade‑off. From Microsoft Co-Pilot
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