OWNING THE LAND

The most common and recommended methods for a foreigner to own a piece of land in Thailand are as following: -

LONG-TERM LEASEHOLD:

Registered leaseholds are secure and relatively straightforward. Long-term leasehold can be structured to be tantamount to freehold ownership. Typically, the land is leased for a period of 30 years, renewable a further two times giving a total of 90 years. Security of the possession of land is assured by the fact that you are the legal owner of the buildings, which occupy the land. Therefore, the leaser cannot take possession of the property upon expiration of the lease as the property is separated from the land and will not be a component part under the Civil Law.

LIMITED LIABILITY COMPANY:

If you are not comfortable with the leasehold method, the alternative is to set up a Thai company that you control, and which can legally purchase land. Put simply, as a foreigner you are allowed to own 49% of the shares in a Thai company. The rest of the shares must be held by Thai juristic persons (which your lawyer can arrange), who will sign over control of their shares to you. The land will be owned by the company. However, as managing director of the company, you control the voting of the other shares, and therefore you have control over the ownership of the land.

TERM OF PAYMENT

Booking: THB 100,000.00 when the booking has been signed

Sign the contract: Due 25% (Less THB 100,000.00) when agreement has been signed within 30 days after booking

1st installment: Due 25% when completed roof (approx. 3 months after signed contract)

2nd installment: Due 25% when completed painting (approx. 5 months after signed contract)

3rd installment: Due 25% when practical completion (approx. 8 months after signed Contract)

MANAGEMENT FEE AND TRANSFER FEE

 Management fee is THB 5.00/sqm./month

 The management fee is paid yearly and pay in advance for one year on transferable date.

 House guarantee 1 year

 The transfer fee will be split between the purchaser and the developer (50:50). Transfer fee, this is based on the appraised value of the property and is normally shared equally between both buyer and seller.

All prices are subjected to change without prior notice.