Buying Land

in Thailand

 

If you are considering buying land in Thailand then speak to us about the complex process of buying land in Thailand. Most expats place the land in the name of their girlfriend or spouse without any legal protection in the event of a divorce or dispute. Ensure that your rights are protected in Thailand and that you do not lose your investment. Speak to us online or walk into any of our offices in Thailand be it in Bangkok, Phuket, Pattaya, Hua Hin, Samui or Chiang Mai. We are always here to offer you a cost effective solution today. Call us now!



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STEP 1 : BUYING LAND IN THAILAND
 

Thailand Real Estate has taken off in the past decade or so with more and more foreigners wishing to live in Thailand and making Thailand their second home. Many wish to own land here but before taking this step it is important to always use, firstly, the services of registered lawyers in Thailand and, secondly, reputable estate agents when buying land. It will be helpful to check the Thailand Real Estate Outlook, the glossary of Real Estate Terms and the Real Estate FAQ before you begin your search for land in Thailand be it a house in Bangkok, Pattaya, Phuket or Hua Hin. Be fully aware that many of the problems that do arise from buying land in Thailand can be avoided early on in the property search. You might need to read the Real Estate pitfalls in Thailand before going out on your search. In Thailand they do not use Western measurements for land. Use our online calculator to Convert Rai and Convert Rai to Square Meters


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STEP 2 : SETTING UP YOUR THAI COMPANY
 

Once you have decided which land you are going to purchase, always consult a lawyer before signing any documents. Foreigners may not own land in their name; however their Thai registered company may own the land. There are different forms of business entities in Thailand. The most commonly used is a Thai Limited Company. There are certain business registration criteria which must be met when incorporating a limited company. The Thailand Amity Treaty is also still in existence for Americans to do business in Thailand, however this type of structure cannot own land.  There are also tax considerations so check the Corporate Tax in Thailand if you are going to do more than own a house or need a Thai Work Permit.


STEP 3 : LEASEHOLD AGREEMENTS
 

Buying Thai real estate under a leasehold interest has been continuously growing over the years. It is a very popular way for foreigners to acquire property in Thailand, and one method is through leasehold villa investment. It is a favored alternative because it is simple and straightforward. Foreigners can obtain full interest on a lease in Thailand for the specified time. This differs from purchasing through a limited company where you have several shareholders who may have interests that are different from yours. However, the maximum lease term is 30 years with options to renew for an additional 30 year periods depending on the agreement. You can also transfer the leasehold interest or even sell it the same as you would for any other freehold title conveyance in Thailand.

 

STEP 4 : GETTING MARRIED TO A THAI
 

A foreigner can buy land in Thailand if he is married to a Thai however there are limitations as a couple as you need to state that you have no rights over the land as it will not be in your name but your wife. Nevertheless, the land or property must be registered under the name of the Thai spouse. The married couple may be asked to sign declarations at the Land Department stating that the funds used are the separate property of the Thai spouse. This means that the non-Thai spouse is waiving any claim on the land or property. There is a certain disadvantage though, which surfaces during a divorce case. The non-Thai spouse needs to prove that the land is classified as marital property which can be difficult. There are basic guidelines that the law provides in the management of matrimonial assets and in this case, a skillfully drafted prenuptial agreement may help to minimize the risk to the non-Thai spouse.

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STEP 5 : THAILAND PROPERTY SERVICES
 

Once we registered your Thai Limited Company we do the following amongst other property services. We would do a title search and check the contracts before signing.Also note the type of Title Deeds in Thailand. There is also the cost of transfer for your land and Thailand property taxes. Use the property transfer calculator to check your fees payable. See the compressed version on buying real estate and the common property problems.

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LAND IN THAILAND

property rights

MATRIMONIAL PROPERTY
 

At some point, marriage gifts or `khongman' which literally means `engagement things' are offered to the woman's family as a token of the man's sincere intentions. See the matrimonial property in Thailand section.


enviromental laws

ENVIROMENTAL LAWS IN THAILAND
 

The exponential growth in places such as Phuket, Hua Hin and Koh Samui has inevitably experienced some detrimental effect on the natural beauty of the country's ecosystem. See the enviromental laws in Thailand and how it affects you.


condo thailand

GREEN DEVELOPMENT IN THAILAND
 

Thailand is well known for its natural beauty. The country is blessed with long stretches of sandy beaches, lush tropical forests and evergreen hills. It is no wonder tourists from all over the world flock to Thailand. Sustainable Development has taken over in Thailand.

selling your condo

SELLING YOUR CONDO IN THAILAND
 

Drafting your sale agreement is also important as one of the many pitfalls is that at times buyers do not complete the transaction. Things to also consider are the viability of using an estate agent, the costs of a non performing buyer and any potential financial losses in a worst case scenario. See also selling your condo in Thailand now.

condo rights

YOUR PROPERTY RIGHTS
 

In you are considering or have already purchased a condominium unit in Thailand, consider what rights you have and which laws are applicable to you. Know your condominium rights in Thailand. If you wish you can either download the publication or view it online. See also the property rights in Thailand article.

offplan buying

PROPERTY DEVELOPMENT
 

Property development is a complex business process and like all businesses, proper planning is essential. Unlike other businesses, property development involves many intricate steps and solid financial management

second home

THAILAND YOUR SECOND HOME
 

Make sound investments in Thailand in the form of property and quickly reap the rewards. This kind of investment acquires property for the purpose of affording you the same convenience that your first home provides but during a vacation or for retirement a home. Thinking about property investment in Thailand today.

usufructs

USUFRUCTS IN THAILAND
 

it is defined as the legal right to use and derive profit or benefit from property belonging to another person. Thailand has adopted this same principle in its Civil and Commercial Code where it is codified. See usufructs in Thailand and its uses.

property investment

PROPERTY INVESTMENTS
 

 Thai property can potentially yield strong rental returns particularly in main cities such as Bangkok or Chiang Mai and in well developed tourist destinations such as Hua Hin, Phuket and Pattaya.  Speak to us about investing in property in Thailand today.

escrows

ESCROWS IN THAILAND
 

An escrow is designed particularly with consumer protection in mind safeguarding your rights should anything go wrong before the transfer of the property. Nevertheless, an escrow system does offer equal protection to all parties involved. Speak to us about Escrows in Thailand and its uses.

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UNDER-DECLARING YOUR PROPERTY
 

A day before the transaction with the seller, your estate agent gives you a call and tells you that the money for the stamp duties and registration, which you are paying in equal shares with the seller, are just one-tenth of what you thought they were. Underdeclaring your property has problems in its own right.

 

 

   
 
 
 

 

 

 

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