fiestafred Posted February 4, 2010 Share Posted February 4, 2010 A friend tells me that as an American I can own 1 rai, I said this is not true. Anyone know the answer Link to comment Share on other sites More sharing options...
SeanMoran Posted February 4, 2010 Share Posted February 4, 2010 No. Link to comment Share on other sites More sharing options...
goldfinger Posted February 4, 2010 Share Posted February 4, 2010 ...maybe when Cobra Gold is finished.... Link to comment Share on other sites More sharing options...
alexanderthai Posted February 4, 2010 Share Posted February 4, 2010 Not just American. Anyone who has invest in Thailand 1 Million US dolar here can own the land 1 rai. Link to comment Share on other sites More sharing options...
thaiwanderer Posted February 4, 2010 Share Posted February 4, 2010 ....but its not really true freehold ownership as even when the investment is approved its tied to that investment and has various restrictions. As I've said before anyone investing that money would likely not be interested in such a weak model for the ownership which on balance is probably less attractive than a basic nominee structure let alone what someone doing business in country may be able to arrange. Link to comment Share on other sites More sharing options...
scorecard Posted February 4, 2010 Share Posted February 4, 2010 ....but its not really true freehold ownership as even when the investment is approved its tied to that investment and has various restrictions.As I've said before anyone investing that money would likely not be interested in such a weak model for the ownership which on balance is probably less attractive than a basic nominee structure let alone what someone doing business in country may be able to arrange. And, if the business is closed or fails, the whole arrangement collapses. Link to comment Share on other sites More sharing options...
InterestedObserver Posted February 4, 2010 Share Posted February 4, 2010 Yes, if you have a big enough pot of gold to plant in the ground along with your 1 Rai. Link to comment Share on other sites More sharing options...
quiksilva Posted February 4, 2010 Share Posted February 4, 2010 Not just American. Anyone who has invest in Thailand 1 Million US dolar here can own the land 1 rai. Correct, nationality has nothing to do with it. Although I should add you'll also need the permission of the Interior Minister and that 1M US$ must be invested in Govt bonds for 5 years. Link to comment Share on other sites More sharing options...
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