There are many reasons why a foreign national would like to open a business in Thailand. Establishing a Thai company may assist a foreigner to purchase property, live in Thailand, or work in Thailand. The Thai government would like the primary intent of forming a company to be the building of a new business to earn income and contribute to the Thai economy.
Given the substantial issues relating to foreigners owning a freehold interest in Thai land, a better option for people wanting to have a legal and long term interest in property is done through lease agreement. The lease can be formulated in a way that allows the foreigner to build property on the land, and even own the structure through a right of superficies.
Once you have found a property that you like, we recommend you seek legal advice from a reputable law firm prior to making any payment to the Seller, agent or developer. A deposit of less than 50,000 THB is reasonable to secure the property prior to your meeting with your lawyer. It is always worth consulting a knowledgeable lawyer to ensure your best interests are fully protected. Unscrupulous agents and developers are not uncommon in Thailand and are often acting primarily in their own interests.