| Purchasing a land or property in Thailand is | | | | company - As per the property law, a non Thai |
| regarded as a great option for investment as | | | | can own a property in Thailand through a Thai |
| well as for residence and retirement | | | | company, provided 51% of the company's share |
| purposes. Due to its infancy and strong | | | | is Thai and 49% is foreign. |
| potential for a profitable future, Thai land | | | | |
| and property is becoming popular and attract | | | | Buying a property through Investment (BOI) - |
| all categories of property buyers. | | | | A foreigner can acquire a limited amount of |
| | | | land or property with considerable investment |
| Further, since the tourism sector in the | | | | of fund. Under the Thai Property Law, a non |
| country has grown from an established | | | | Thai citizen investing 40 million baht for |
| position into an even more productive | | | | not less than five years can purchase up to |
| economy, Thailand, acknowledged as 'the Spain | | | | 1500 square meters of land and that too for |
| of the East' provides superb opportunities | | | | only residential property. But, a prior |
| for property investment. Above all, Thailand | | | | permission should be obtained from the |
| boasts of some excellent land or property | | | | Ministry of Interiors. Likewise, this option |
| development and that too for astonishingly | | | | cannot be availed by foreigners who are |
| cheap prices. | | | | looking to invest in his second house or |
| | | | retirement homes. |
| No wonder why many expats including Americans | | | | |
| and Europeans invest in Thai property such as | | | | Structure Ownership - In this case, a |
| villas, condos, and other housing options. | | | | foreigner may be granted a Right of |
| But, investing in a Thai property is based on | | | | Superficies by a Thai spouse or a Thai |
| your requirements, location ie whether near | | | | company. This in turn provides foreigners to |
| supermarket or beach, and lifestyle, ie, | | | | have rights over all kinds of constructions |
| whether you prefer a Thai or a mixed | | | | on the land. The Right of Superficies usually |
| neighborhood. | | | | last for a period of ten years with options |
| | | | to renew it again for 30 years, if required. |
| For retired foreigners seeking tranquility | | | | |
| and solace, a best option would be to invest | | | | Leasing - This is perhaps the least |
| in property located in destinations like Koh | | | | complicated option for a foreigner to acquire |
| Samui, Chiang Mai, and Phuket. If you want to | | | | a property or land in Thailand. Mostly, the |
| have an easy accessibility to almost all | | | | land is leased to a non Thai for a period of |
| facilities, then it would be better to invest | | | | 30 years, which can be again renewed for a |
| in cities including Bangkok, al though prices | | | | period of 30 years. Leasing a land in |
| would be exceptionally high compared to other | | | | Thailand is quite simple and does not require |
| parts of the country. | | | | much maintenance. |
| | | | |
| However, certain restrictions have been | | | | Despite these options, it is important to |
| imposed on foreign investors in order to own | | | | make a thorough analysis of title deeds prior |
| a land or property in the country. In other | | | | to investing in Thai property. Title deeds |
| words, the property law in Thailand does not | | | | usually include three main types such as |
| allow foreigners or non Thais to have a | | | | Chanot (Nor Sor 4), the Nor Sor 3 Gor, and |
| freehold land in the country. But, there are | | | | the Nor Sor 3. |
| certain exceptions in the law with regard to | | | | |
| this issue. Al though a foreigner cannot | | | | But, there is not any restriction for a |
| purchase land or property in his own name, he | | | | foreigner to own or purchase a condominium in |
| has been given some alternatives to acquire a | | | | the country except for that he should bring |
| property in Thailand according to the Section | | | | in the whole money for buying a condominium |
| 86 of the Thai Land Law, which are as | | | | in foreign currencies. Further, a foreigner |
| follows: | | | | could own only up to 49% of units of a |
| | | | condominium block. |
| Buying a property through Thai spouse - Thai | | | | |
| property law allows a foreigner with a Thai | | | | With a myriad of real estate agents and |
| spouse to invest in a property or land in the | | | | property builders in the scenario, it is not |
| country. But, the land or property must be | | | | at all a chaotic process to own a land or |
| registered under the name of the Thai. It is | | | | property in Thailand. Majority of them |
| also important for the foreigner to specify | | | | provide assistance to deal with complicated |
| that the funds used for the purchase of a | | | | Thai law for acquiring a property in the |
| property are of a Thai spouse. However, this | | | | country. Some of them even provide legal |
| option may sometimes become a problem in a | | | | advice and conduct investigation and |
| divorce case, since a foreigner may find | | | | consultation in order to acquire a property. |
| difficult to prove that it was a marital | | | | There are also firms providing management, |
| property. | | | | project planning, and development in |
| | | | connection with a property. |
| Buying a property in the name of a Thai | | | | |