Thailand, for legal entities with foreign equity not exceeding 49.99% wishing to purchase land in Thailand that can be done
, but later found. Such an entity has transferred shares. To all Japanese companies Into this alien entity is unable to land in Thailand anymore. If a successor is found from land authorities. It is being prosecuted promptly exception in the land of alien entities. According to the Land Code, Section 87, which is considered to be the objective of land ownership in the entity that alien. Which will have limited rights held, but the rates specified in such section. If the entity is not held in accordance with the law. And is detected by the land authorities. Firms will be prosecuted by law immediately sinking of the contract to buy and sell land. It depends on whether Will land holdings Or buy land for any purposes Because the law does not permit an entity to trade foreign land. It will be unable to become a party to any contract.
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