Peculiarities of purchasing property in Thailand

Anyone wishing to buy a house in Thailand, you should know that for foreigners there are a number of limitations.

The laws of Thailand and any other country in Southeast Asia, prohibit the sale of land to foreign nationals. However, it is possible to buy property in apartment condominiums. But there are conditions. First, the money for such purchase must be brought from abroad with documentary evidence from one of the banks. Second, the total share of ownership of foreigners in condominiums should not exceed 49%. Under 49% is not the size of the apartment, and the total area of the condominium.

Only in these conditions Russian as a native of any other country, can obtain full ownership of the apartment in Thailand.

To buy land in Thailand, an individual can not. However, there is a solution. It is the acquisition of land by a legal entity, it is important to note that from the point of view of the law firm should be considered "Thai", which means that a foreign national cannot own more than 49% of the shares. The remaining 51% must be owned by the people of the country. This law is not fully in control of the company's activities, with only 49%. For this purpose it is only important to appropriately prepare all the statutory documents.

Issuing company can buy land. Thus, the mechanism of possession will be "the company owns the house, you own the company"

The last 30 years almost all houses in Thailand are bought under such a scheme, although many believe it is not too reliable. In any case, this scheme imposes additional obligations, because the possession and management of the company entails tax, registration and other expenses.

There is another optionNT is a long – term lease of land. As a rule, the contract is concluded for 30 years with right of renewal by the formula +30, +30 (for a total of 90 years). This method imposes no further restrictions, do not bear extra costs and responsibilities in case of registration of the company. The land is leased from the owner, which can be both physical and legal person, then the contract is registered at the Land Committee.

In addition to the option to renew the lease contract provides for the possibility of life and gratuitous right of use all that is on the surface of the site.

This method is simple and advantageous, if the land is leased from the state. If the owner is a private person, then there is a high likelihood that after 30 years, when the time of renewal of the contract and renew the lease with him, can anything happen, resulting in the extension of the contract will be impossible.

Each option has its pros and cons, however, in monetary terms, they are practically equivalents. Costs associated with the lease of only a few percent below the cost of establishment of the company and its acquisition of land in the property.

Foreigners for several decades, acquiring housing in Thailand. That is why experienced realtors know the many elaborate schemes of purchase so that the interests of the buyer to obey, and laws do not contradict.