Thai Company Land Structures in Phuket: What Foreign Villa Buyers Should Treat Carefully

Foreigners generally cannot own Thai land directly, so villa buyers in Phuket often hear about Thai company structures, long leases, superficies or split building-and-land arrangements. Some structures are legitimate when built around a real business and proper advice. Others are high-risk shortcuts.

Quick answer

If a villa sale depends on a Thai company owning land, do not accept a nominee-shareholder explanation. Ask what real business the company runs, who controls voting, how taxes and accounts are handled, whether the structure complies with land and foreign-business rules, and what happens on resale or inheritance.

Structure checklist

Topic	What to verify
Land title	The land title, boundaries and registered owner
Shareholders	Whether Thai shareholders are real participants, not nominees
Business purpose	Whether the company has a lawful commercial purpose
Control	Voting rights, director powers and transfer restrictions
Compliance	Accounting, tax filings and annual obligations
Exit	How a future buyer can safely acquire or unwind the structure

BOI is not a normal villa workaround

BOI-promoted land rights are designed for qualifying promoted businesses under strict conditions. They are not a general shortcut for a private foreign buyer to own a holiday villa plot. If a seller mentions BOI or special permission, ask for written legal evidence and independent Thai counsel review.

Use this with the leasehold villas guide, land title deed guide, developer verification checklist, Rawai district guide and buy services.

Safer buyer questions

• Is the price justified if the structure later needs restructuring?
• Can the seller show clean accounts and tax filings?
• Will a bank, lawyer and future buyer accept the structure?
• Is a lease, superficies or building ownership route cleaner?
• What written legal opinion supports the chosen path?

CTA

Phuket Stay Pro can help compare villa ownership structures with independent legal checks before you commit.

Fact-check flags

Land ownership rules, BOI eligibility, company compliance, nominee enforcement risk, tax treatment and lease registration are legal matters that can change. Verify the exact structure with an independent Thai lawyer and relevant authorities before signing.