Frequently Asked Questions

Is it possible for foreign citizens to buy property in Thailand?

Yes, it is possible, but there are some peculiarities. Foreign citizens have the right to acquire real estate in the condos, but only if it does not exceed 49% of the total area of ​​the condominium. To purchase a house, you must register the Thai company since under the laws of Thailand, a foreigner can not own the land. The very property is issued to a Thai company. Thus, you become the owner of the company, which has owned the property. For more information you can contact our specialists and our Thai colleagues who can advise you on funds skype, or written answers to your questions.

How to buy property in Thailand?

Your chosen an apartment, you can book by signing the reservation contract on the spot. When you back up the object to make a deposit of approx. 50,000 Baht. As a rule, within one month from the date of signing of the above agreement, signed a contract of sale. The remaining amount paid in installments during the construction of the facility or in part upon its completion. You can pay cash on the spot or by bank transfer. When importing currency in Thailand need to comply with all the requirements of the legal importation of currency or checks. Imported currency must be exchanged for the local - Batu. Bank transfer is carried out from a foreign account to Thai. In both cases it is necessary to receive a special bank certificate. After payment of taxes by the buyer transition, he issued a certificate - Chanot, certified by the Land Department of Thailand, on the basis of which the foreign national becomes a full owner of the apartment.

To purchase a house, there are two legal options:

  1. Long-term leasing of land for thirty years with an option to extend it for double the same period, which is required to be specified in the lease of land. Earth you are renting a Thai owner that is registered in land management.
  2. The most common way - check the Thai company in which 51% of the share capital must belong to a Thai citizen. Further, this company sold the house. So you are the owner of the company, which decorated the house.

Can I get my money back, made as an advance payment at the unilateral termination of my reservation contract?

No deposit will be returned when the unilateral termination of the reservation contract.

Does a foreign national priorities visa when acquiring the ownership of property?

No, in the presence of your property Thai property does not give you the visa privileges. You do not acquire rights to the work.

Property rights and inheritance in Thailand?

In Thailand, a foreigner can not rightfully own the land, but it can buy in sole possession of the apartment in a condominium that he has the right to bequeath. In Thailand, there is no special tax on inheritance, but the registration of rights ownership of the apartment you need to pay tax. To make out a will in Thailand should have a Thai lawyer. With regard to leased land: in case of death of the tenant of land, the property on the land does not pass to the heirs of a foreign citizen. In that case only take over the lease rights, but without the right to further extend its life.

How to get in Thailand right of permanent residence?

There are several ways to obtain the right of permanent residence in Thailand:

  • marriage to a citizen of Thailand,
  • work permits and official employment in a Thai company,
  • registration of the company or the purchase of businesses,
  • training on a student visa, as well as minors in a Thai school
  • obtaining visas pension (at age 50).

Does Thailand property taxes?

Taxes on non-commercial property does not exist in Thailand. There are so-called "transitional tax", which is paid at a time when buying an apartment.

How much is the legalization of buying an apartment?

Agency commission when buying property in Thailand is always paid by the seller, not the buyer!

At the time of obtaining a certificate of ownership shall be paid the following transitional tax:

  • 0.5% of the estimated purchase price - stamp duty,
  • 2% tax on transfer of ownership,
  • 3.3% business tax,
  • 1% VAT.

Typically, these taxes are levied equally with the seller and buyer, or by mutual agreement - one of the parties. This point should be made in the contract of sale of apartments in advance.

Is it possible to mortgage lending in Thailand?

No mortgage loans to foreign nationals are not available. Developers can provide you with the payment of installments of the initial payment and subsequent monthly payments under the arrangement. When buying an apartment in a condominium usually given a delay for two years.

Is it profitable to take the purchased property for rent in Thailand?

The cost of rent in Thailand is on average from 0.8 to 1.2% per month on the cost of housing. For example, an apartment in a condominium cost from 800,000 to 1,000,000 baht for rent are available for short periods of do12,000 10,000 baht per month, and for a long period of 7,000 to 9,000 baht per month.

Rental price may vary depending on the season (demand). The biggest demand is fully furnished property. The proximity to the sea also plays a big role.

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