May 5, 201114 yr Just curious.... For those who have and work farms; how have you structured your land ownership, business practices, accounts keeping etc. As I understand it; it is not legal for a foreigner to farm here. Can a foreigner own minority shares in a farm or in a company that owns a farm? The reason that I am curious is that I am considering how to structure ours and am looking for ideas and experience. Thanks for your input.
May 6, 201114 yr Yes, A foreigner can own only a minority share in a Thailand company. That company can own property. The final decision on exactly what property that company can own is with the local land sales approval board. You will always be at the mercy of the majority owner. The intent of the law is that only wealthy Thais can engage in business with foreigners. The legality of foreigners farming in Thailand is often discussed on this forum. The law is targeted against large foreign companies who would tie up large areas. No one seems to care about a guy with a green thumb. Not everything legal is feasible. The company costs monthly taxes and annual visa extension to maintain. None of this deals yet with sob stories...
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