Purchase of land in Thailand

Legal Framework

Land and House in Thailand

In Thailand Foreigners may buy houses but not land. There are very few exemptions for investors or private individuals or special permit. Legally, the following paths are possible.

Foreigners can hold up to 49% of the total living area to purchase condos in your name. If this ratio is already achieved then foreigners can still buy condos in this building, but not on your own behalf but on behalf of a company.
Foreigners can form a Companie and register on this companie, Land and Houses / Condos. The investor may, however, have only 49 percent of the shares. However, it is possible to legally protect their property portfolios.
The foreigner can lease land 30 years and build on this land. Option may provide for two-time renewal of leases in 30 years.

If a thai spouse`s name on a piece of land / house purchase, he must insure that the amount comes from his personal funds, or waive the alien must advance on all subsequent claims. If the marriage was Divorced later so unexpectedly times, the foreigner loses his Employed funds.

The alien may through a 30-year lease agreement ( with renewal option will be filled by the land office in the land register ( Chanod ) hedge. Only in this way can at least maintain the tenancy. But only with registration in the land is such a contract valid in the first place. The record will be made directly on the land office. ( In the non-inclusion of this contract is only valid for 3 years and amounts to a taxe equal.) Since 2006, many refuse to enter the country office, leases and loan agreement between husband and wife the land register.
As an alternative to the lease to the is drawn to the largley unknown lease-ceding-law-contract ( usufruct contract ). He is handled like the aforementioned 30-year lease, in contrast, has lifetime validity. This lifelong validity, but makes inheritance possible.
Be able to clarify details about our lawyer

How it works !
They conclude with an / or his Thai lawyer`s office with one loan in the amount of the purchase price of the property / house, plus the planned funding levels for the planned development from now, an interest rate of 6% and the return of the loan amount will be determind when the contract expires than 30 years duration to be agreed. In this contract a clause on the use of the property instead of the 6% interest payment is entered. After the purchase is allowed to contract in the country paper, adding the land office. The fee is 1.1% of the loan amount. This entry is a blocking effect immediately. The land can not be mortgaged or sold without your consent.