Have you thought at a certain time that you want to buy property in Thailand, but then decided it would be too difficult? If so, you are not alone.
It is amazing that so many Internet sites, and in so many trade magazines, there are plenty of articles about how a house in Spain, France, Italy, Cyprus, etc., but it's so hard about how to buy Find and buy property in Thailand.
But Thailand is one of the most attractive places inthe world of property. With its lush, exotic scenery, its wealth of beautiful temples, its constant sunshine and warm charm and friendliness of the people, she has to seek an appeal to none. And it's not so difficult for
foreigners to buy property there.
So if you buy property in Thailand, how do you go about it?
The most important thing you should be noted that although there is no obstacle for you as a foreign person, the owner of a building- For example, a villa - in Thailand, you can not own the land on which it is built. There are a number of ways to preserve it.
You can use a Thai company with limited liability. It will cost you an advance payment of $ 12,000 USD plus about 100 U.S. dollars per month. There is nothing to a foreign person or couple to do to stop them and it enables you to own land.
You can use a 30-year lease, you can register as a renewable for successive periods of 30 years.The contract for the rent, which is in Thai, but accompanied by a notarized English translation, signed at the local State Office, and pay 1.1 percent of the estimated value of the property.
Many Westerners decide), even a condo (condominium ownership. The procedure for this is simple, as it clear regulation in Thai law on foreign ownership of up to 49 percent of the shares in a condo complex. To buy a condo, you have currency from a bank outside of Thailand, for a referralIn Thailand - Bangkok Bank has the best-organized set-up for international business. Make sure the transfer document clearly states that the funds for the purchase of a condominium.
Of course there are many Westerners, especially men who marry a Thai national to buy property in Thailand and in the name of the spouse to vote. This is fine as long as there is a genuine marriage, but entering into a sham marriage for the purpose of purchasing a property is not a good idea. TheAuthorities think nothing of it, and if the arrangement breaks down the legal complications can be very unpleasant.
There was a lot of misconceptions about how difficult it is to have to buy a property in Thailand. Actually, it is not difficult, and a growing number of Westerners to use this as an attractive alternative to the traditional European destinations, which are always full. Moreover, even an alternative solution to the problemscurrently by the U.S. and UK property markets experienced. The Thais are happy to have the foreign currency and make it in their interest to the process as painless as possible. The joys of living in Thailand, and the fact is that your dollars, pounds or euros, a very long way in Thailand, meaning that if you're careful, you can hardly go wrong!
It is amazing that so many Internet sites, and in so many trade magazines, there are plenty of articles about how a house in Spain, France, Italy, Cyprus, etc., but it's so hard about how to buy Find and buy property in Thailand.
But Thailand is one of the most attractive places inthe world of property. With its lush, exotic scenery, its wealth of beautiful temples, its constant sunshine and warm charm and friendliness of the people, she has to seek an appeal to none. And it's not so difficult for
foreigners to buy property there.
So if you buy property in Thailand, how do you go about it?
The most important thing you should be noted that although there is no obstacle for you as a foreign person, the owner of a building- For example, a villa - in Thailand, you can not own the land on which it is built. There are a number of ways to preserve it.
You can use a Thai company with limited liability. It will cost you an advance payment of $ 12,000 USD plus about 100 U.S. dollars per month. There is nothing to a foreign person or couple to do to stop them and it enables you to own land.
You can use a 30-year lease, you can register as a renewable for successive periods of 30 years.The contract for the rent, which is in Thai, but accompanied by a notarized English translation, signed at the local State Office, and pay 1.1 percent of the estimated value of the property.
Many Westerners decide), even a condo (condominium ownership. The procedure for this is simple, as it clear regulation in Thai law on foreign ownership of up to 49 percent of the shares in a condo complex. To buy a condo, you have currency from a bank outside of Thailand, for a referralIn Thailand - Bangkok Bank has the best-organized set-up for international business. Make sure the transfer document clearly states that the funds for the purchase of a condominium.
Of course there are many Westerners, especially men who marry a Thai national to buy property in Thailand and in the name of the spouse to vote. This is fine as long as there is a genuine marriage, but entering into a sham marriage for the purpose of purchasing a property is not a good idea. TheAuthorities think nothing of it, and if the arrangement breaks down the legal complications can be very unpleasant.
There was a lot of misconceptions about how difficult it is to have to buy a property in Thailand. Actually, it is not difficult, and a growing number of Westerners to use this as an attractive alternative to the traditional European destinations, which are always full. Moreover, even an alternative solution to the problemscurrently by the U.S. and UK property markets experienced. The Thais are happy to have the foreign currency and make it in their interest to the process as painless as possible. The joys of living in Thailand, and the fact is that your dollars, pounds or euros, a very long way in Thailand, meaning that if you're careful, you can hardly go wrong!
