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Foreigners looking to own property in Thailand have several ownership options to choose from. It's essential to understand the main property ownership structures available to foreigners to make informed decisions. The primary property ownership options for foreigners in Thailand include: 1. FreeholdRead more
Foreigners looking to own property in Thailand have several ownership options to choose from. It’s essential to understand the main property ownership structures available to foreigners to make informed decisions. The primary property ownership options for foreigners in Thailand include:
1. Freehold Ownership: Foreigners can own a condominium unit in their name on a freehold basis as long as the total foreign ownership does not exceed 49% of the building’s total area. This is a popular option for many foreigners looking to own property in Thailand.
– Benefits: Full ownership rights, ability to lease out or sell the property, and potentially see property appreciation over time.
– Risks: Limited availability due to restrictions on foreign ownership limits in condominium buildings.
2. Leasehold: Foreigners can also opt for a leasehold agreement, allowing them to lease land or a property for a pre-determined period, typically up to 30 years. Leasehold agreements can often be renewed or extended.
– Benefits: Flexibility in terms of lease duration and the possibility of renegotiating terms at the end of the lease period.
– Risks: Limited control over the property compared to freehold ownership.
3. Setting Up a Thai Limited Company: Another option for foreigners is to set up a Thai limited company where the majority of the shares are owned by Thais. The company can then purchase property in Thailand.
– Benefits: Provides more control over the property, especially for acquiring
See lessForeigners can purchase condominiums in buildings where at least 51% of units are Thai-owned, requiring proof of foreign fund transfer. For land and houses, long-term leases (typically 30 years) are common, with renewal terms varying by contract. Thailand's stable economy and transparent legal frameRead more
Foreigners can purchase condominiums in buildings where at least 51% of units are Thai-owned, requiring proof of foreign fund transfer. For land and houses, long-term leases (typically 30 years) are common, with renewal terms varying by contract. Thailand’s stable economy and transparent legal framework make these options accessible. Professional guidance is recommended to navigate regulations smoothly. The country’s appealing lifestyle and natural beauty add value to property ownership. For detailed comparisons of ownership structures, visit Thailand-Real.Estate
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