In the past foreigners could hold majority voting rights in companies even though the foreign shareholding was less than 50 per cent.
In the property sector many shell companies with Thai nominees have been used to purchase houses and land to avoid Thailand’s tough laws prohibiting foreigners from owning property and land.
With the proposed changes to Thailand’s capital controls, investments in real estate and condominiums have been exempted, have also created some confusion.
Buyers, Investors and Developers have in the main put things on hold until the changes in the laws are finalised and passed by the government.
Further advice may be obtained from The Property Exchange
Posted by propertybkk 
