A beautiful and intriguing country set within the heart of South East Asia, the Kingdom of Thailand provides many great reasons to purchase property.
We provide 3 key sections to assist your buying decisions:
- BUYING PROPERTY
- LAWYER PROCESS
- OWNERSHIP & OTHER QUESTIONS
We hope you will find this guide useful. Please do not hesitate to contact us for more information or to answer any questions you may have.
The advantage of buying a freehold condominium in Thailand as a foreigner is that you can own the property yourself, in your own name, free of any kind of claims from any government entity.
Company Ownership: Thailand registered companies with majority Thai ownership are able to buy land in Thailand. In the past it has been common for foreign nationals to acquire an interest in Thailand real estate as minority shareholders in a Thai majority company. However in recent years, the Thailand Land Department has become stricter in investigating limited companies for the use of the “nominee” Thai shareholders, who do not possess a legitimate interest in the company owning the land. Nevertheless it is still possible however for a non-Thai shareholder to secure his investment in a Thai limited company through legal means.
Typically in Thailand, rental is for a period of 1 or 2 years, and the renter signs an agreement with the owner, paying a security deposit, a monthly rental fee, and takes care of water, power and internet/cable expenses unless otherwise agreed. Properties can be rented either with or without furniture, sometimes fully furnished may be easier to rent out – in the Thai market fully furnished generally means including fitted wardrobes etc. loose furniture, curtains/blinds, electronics and air-conditioning.
Owners can rent out using an agency, or can rent themselves, when using an agency, the exact terms will depend on the agency, often the fee is set at 1 month for an annual contract, and no further payments if the tenant chooses to renew. We provide assistance for rental management, please contact firstname.lastname@example.org