Thailand is a popular retirement and choice of the country, live with their low costs and beautiful scenery not forgetting of course, always one to the world famous friendliness of the Thais. But in order here about the laws of property ownership can be confusing. Here are the bare bones of Thai property law
o A foreigner can own a condo as long as less than 40% of the condos or apartments in the building are owned by foreigners. Many people believeit to 49%, although this regulation was an addition to the existing law and was only meant to in place for a year and has since expired.
o A company, a property such as land and a house (and the foreigners can buy land and a house of their Thai registered company) as long as no one foreigner owns its more than 39% of the company (recently amended from 33% ) and total foreign ownership in the company does not exceed 49%. Still unclear and the year.
o The Thai wifeA foreigner can own property (a recently changed legal status through gender equality in the new constitution of 1997 Revision), only in their name. This is as long as you do not have marital problems in order. (The same applies of course for a Thai man, but the law has been recently for Thai women through the new constitution guarantees equal rights changed.)
o A foreigner can lease land for 30 years, with an option for another 30 years, the first 30 years they are registered with guaranteedthe Land Department, but the second will be challenged.
o If you gain BOI approval, you can as a company is in a position to buy up to one rai land. Although this is intended for very large investors.
At the end of the day when you find Thailand to invest seriously, you should consult a good lawyer property laws that are already familiar with the latest.
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