SIDE BAR: PROPERTY LAWS - THAILAND & FRANCE.

(From Business Day (South Africa))

Byline: Roxzanne van Eyk

THERE are four main ways to own property in Thailand: Purchase a direct foreign freehold condominium title in your name (this would fall within a quota of 49% of the total area of the condominium units which are permitted under Thai law to be sold directly to foreigners) Purchase a freehold condominium title using a Thai company in which the foreign shareholdings have a controlling protected 49% interest with weighted voting rights. This company cannot be a nominee company. Invest in a stake of a Thai company maintaining control over voting and dividends but never own more than 49% of the shares in …