Condominium Ownerships in Thailand

OWNERSHIP FOR FOREIGNERS

Foreigners can also own pieces of land in Thailand but there are some if’s and but’s. There is no easy or simple way of land ownership in Thailand for a foreigner. The journey might be just a tad bit longer than usual before but you.

Some of the ways for a foreign investor are –

Condominium Act

A freehold condo is a direct route for a foreigner to claim land in Thailand. Legally, a foreigner can own up to 49% of any apartment suite that might be possessed by foreigners. The remaining 51% must be in possession of a Thai.

Creating a PVT Company

A typical method to allow legal ownership for a foreigner to a land. A foreigner must set up a Thai Company Ltd. that should be real and be a profitable business. They must produce income and have legitimate Thai investors. The Thai investors they find ought to be genuine financial backers, just as invested individuals who have a voice in operating the organization going ahead. A foreigner may not possess over 49% of the shares. This is one of many methods through which you can invest in properties.

Leasehold

A leasehold is a plan where you are adequately leasing a land (extended haul) from the real proprietor (who is himself the “freeholder”). Not having very many exemptions, any outsider in Thailand who needs to possess property is rather confined to rent, which could be longer than 30 years.

Conclusion

These are just some of the many ways available for foreigners to purchase or have properties in Thailand. Though there is no simple method to secure landholding for foreigners. But with the help of agency companies like IBG property. They can guide you and securely help you get your property. Our team at IBG is professional people who will tackle your problems securely and give you complete customer satisfaction.

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