Can I own land in Thailand?
The short answer is no. BUT a Thai company can buy, invest in and own land here. However, foreign nationals are only allowed to own 49% of a Thai company with an interest in land but different classes of share within a properly constituted Thai company give you effective control over your company.
How do I ensure that my company is properly structured?
It is important to consult a Thai lawyer with experience in forming this kind of company with the correct legal structure. In addition, you need to have a full explanation in your own language.
It all sounds very complicated?
It is a simple and rewarding experience to own a piece of paradise. Do not be put off, it is relatively inexpensive and the whole transaction can be dealt with by us at Dream Properties on your behalf.
Is it better to buy leasehold, I have heard that this is simpler?
Yes, it is a very simple process to buy and register a leasehold property for a 30-year period together with future extensions.
Whilst the information above is based on the educated opinion of Dream Properties, we cannot be held responsible for any losses incurred by using that information. We would like, however, to point out that if you use due diligence and professional services your property purchase should be an enjoyable and worthwhile experience.
