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Glossaries

Term Definition
Ngan
A measurment unit in Thailand used to define an area land, 1 Ngan of land is equal to an area of 400 square meters in metric measurments.
Nominee shareholder
The registered shareholder who holds the shares on behalf of the actual or beneficial owner. It is illegal for foreigners to use such Thai shareholders in a limited company under the Thailand Foreign Business Act and Land Code Act.
Nor Sor Sam
Land title deed issued by the Thailand Land Department confirming the right of possession of government land granted to an individual private owner. This type of land has a lower survey status (lower than for example the nor.sor.sam.gor land title deed) and the borders of the land as shown on the land title deed should be confirmed with neighboring land plots.
Nor Sor Sam Gor
Land title deed issued by the land department confirming the right of possession of land granted to an individual owner. The boundaries of the land are accurately surveyed in relation to neighbouring land plots.

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