Dennis9 Posted December 18, 2022 Share Posted December 18, 2022 I have found a condo that I am interested in buying but the condo is currently under Thai quota in a Thai company ownership structure. The seller and the agent have recommended that I simply have to buy the shares of the company to have ownership of the company as no foreign quota is not available in this building. Firstly I don't feel comfortable about buying a company in this ownership structure and I also don't believe that foreign owners are more than 49% of the owners in the building but cannot get proof, is it possible that some of the Thai owners have "reserved" foreign quota so that its easier for them to resell their condos in the future? Is this legal ? I cannot get any answers from the juristic as they wont talk to me as I am not yet an owner. Any recommendations would be great as I am thinking of hiring a lawyer but not sure if that is necessary. Quote Link to comment Share on other sites More sharing options...
Vick1 Posted December 18, 2022 Share Posted December 18, 2022 The juristic is always looking for money under the table, they are basically a mini mafia in most condos. Quote Link to comment Share on other sites More sharing options...
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