Crackdown on Nominees in Thai Land Purchases
Photo by Concrete Forms
The Bangkok Post reported that Thai ombudsmen are drafting a new law to stop illegal foreign ownership of land in the country.
Pursuant to Thailand real estate law it is normally illegal for a foreigner to own real estate in Thailand. Based on numerous complaints to the Thai government of foreigners using Thai nominees to purchase real estate on their behalf, the Thai government is proposing a new law to crack down on the use of Thai nominees to purchase real estate.
