Are you considering buying a home in Thailand? If so, it might be a good idea to get yourself updated on the regulations for that kind of an investment. The most valuable advice is most likely to consult with a professional real estate agent as well as a trustworthy lawyer before acting. The below articles look at some important legal aspects in relation to purchasing a propery in Thailand.
The last couple of years, it has become increasingly popular among foreigners to reside in Thailand. Many people have chosen to invest in houses and condominiums. When it comes to investing in condos, this works out pretty much as in the rest of the world — that is with freehold ownership. Houses and villas, however, are a bit more complicated due to the fact that a foreigner cannot own land in Thailand — only buildings. Of course, there are ways around this problem as well...
Condominium Freehold Ownership
The great advantage of investing in condos in Thailand is that you can own the property in your name, i.e. freehold ownership. This is possible in accordance with the articles of the Condominium Act of 1979...
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Company Freehold Ownership
During 2006, a decreasing interest among foreigners for house investments inThailand could be noted. The main reason was that a change in the domestic political conditions created uncertainty. The new political situation was a result of the military coup...
Read more Leasehold Ownership
Since the company model has become less attractive, the leasehold model has instead gained increasing popularity. Today, most housing projects use a leasehold solution where the buyer of a property leases the land for 30 years from the project company. Wh...
Read more Money Transfer
When it comes to transferring money into Thailand, with the purpose of buying property, there are no restrictions. In case you send money to Thailand from a bank account in your home country, there is normally...
Read more Mortgaging Your Property
To borrow money with the purpose to buy a property in Thailand is in principle impossible if you are a foreigner. This has to do with the regulations laid down by the Bank of Thailand....
Read more The Foreign Business Act
The Foreign Business Act is the Thai law that principally regulates foreigners possibilities of running a business in Thailand. It was approved in 1999 and contains 46 Sections and Appendices. Under the temporary military government, the Act has been the...
Read more The Condominium Act
The Condominium Act is the specific Thai law that regulates foreigners possibilities to buy a condominium and own it in his/her name. The act contains 62 sections and the first version was approved in 1979. It was revised in 1991 and again as recently as...
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