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Old 09-23-2013, 04:49 PM
 
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Hey doc vox, where did you end up situated in the States?
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Old 09-23-2013, 10:12 PM
 
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Originally Posted by John7777 View Post
Just a word of advice: many foreigners purchase houses via a Thai company or corporation. Usually, there's no problem, but the law actually prohibits these schemes for owning land. Caveat Emptor.
The problem is that technically the ownership of the house would still be controlled by the Thai company. Thai businesses require a majority ownership of 51%. Sure, you can spend all the money you want to build a nice house, but like you said, you won't own the land. That wouldn't be a problem if you're wealthy enough if you're willing to write it off as a loss.
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Old 10-15-2013, 09:22 PM
 
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Default Koh Samui/Thailand Question

Kou Samui Island is a paradise on earth. It is the only place to relax and enjoy that I have ever travelled. Thailand legislature prohibits owning a land in Thailand. However, you can purchase a Koh Samui Property with the help of property companies.
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