CRUNCHER Posted December 14, 2008 Share Posted December 14, 2008 Section 67 of the Condo Act No 2 as amended by Condo Act No4 seems to make it illegal for anyone to have ownership of a condo on behalf of a foreigner. Presumably this would make company ownership of a condo unlawful. Unfortunately translations I have seen are not very clear. Anyone know the position? Link to comment Share on other sites More sharing options...
InterestedObserver Posted December 18, 2008 Share Posted December 18, 2008 (edited) Company ownership of a condo is exactly that, company ownership. The foreigner is limited to 49% ownership of the company, his or her Thai partners would own the remaining 51%. Thus the foreigner does not really "own" the condo. The foreigner would be the occupant, just like any other renter would be. Edited December 18, 2008 by InterestedObserver Link to comment Share on other sites More sharing options...
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