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Welcome to THAILAND, KOH SAMUI, KOH PHANGAN, PHUKET PROPERTIES,
The Thai
real estate website for Koh Samui, Koh Phangan, Phuket.
If you are looking for buying or leasing the properties, houses, hotels, villas, and resorts
be on the hill, or one the beach or near the beach or in the city or on the private island, we are here to assist you.
As a foreign investor, you can buy or rent in Thailand
in accordance with Thai Law.
Our Knowledge and expertise of Thaï Law, its regulations, and nature will be of great assistance to organise and manage your property acquirement through all the formalities and processes.
We take care of all documentations and the whole purchasing process such as Land contract, building permit, handover of land ownership, lease agreement, and necessary paperworks.
Do not hesitate to contact us at property@12thailand.net
Thai Real Estate Law
A.- LAND TITLE
"Chanot" and "Nor Sor Sam"; are the only two titles approved for land sale
and development making the land accessible to purchase under a company
with foreign shareholders, or lease to a foreigner.
For "Nor Sor Sam " and "Nor Sor 3 Gor" titles, the land parcels are measured
with regard to the neighbour plots, while a GPS system is used for the "Chanot".
All the land and houses that we offer on our website
have a "Chanot" or "Nor Sor 3 " title and have been verified by the land office (size, road access, mortgage...)
B. BUYING, LEASING OR RENTING PROPERTY IN THAILAND
It is easy for a foreigner to legally acquire property in Thailand and enjoy
full beneficial rights as doing it according to the regulation of Thai law.
- Registeration of a Thai company:
The most popular method to acquire a property in Thailand and to run
a business (lucrative activities forbidden for tourist visa recipient) consists in the
establishment of a company of which a foreigner can have the total control,
in agreement with the other shareholders (3 shareholders with a maximum of 49% owned by foreign shareholders or 7 with a maximum of 3 foreign shareholders in total shares not exceeding 49%).
- The company is made of a majority of shares owned by Thai people
(49 % Foereign - 51% Thai for normal and 39 % Foreign - 61% Thai for a real estate company).
- The foreign director keep the total control of the company
with the written agreement of the Thai shareholders.The shares owned by the foreigners, beeing "preferential",
are the equivalent of 10 votes during the annual general meeting,
while the Thai shareholders get only "regular" shares equivalent to 1 vote each:
39 x 10 (votes) = 390 votes against 61 x 1 (vote) = 61 votes.
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In every case, the foreigners keep the management and total
control of the company.
Moreover, in most cases, the Thais shareholders already retroceded
their shares and therefore they will not claim in any ways for any assets
that belongs to the company anymore.
- The most used and securing solution, especially if you'd like to invest
in order to run business or just build your home.
We can help you to register your company with the help of an accredited lawyer.
Prices for each services (as an indication):
- Taxes for ownership transfer : Depending on the land sale's price which is
around 4% of the transaction.
- Registration of a company without work permit (the most used and simple way
if you only purchase a land or a house for living) : 15,000 Baht
- Registration of a company with a work permit (in case you buy a business
in order to work and make lucrative activities) : 35,000 Baht
- Work Permit : 15,000 Baht on new application, then 2,000 Baht taxes minimum
on the salary every month and 1,100 Baht every 3 months , after the mandatory passeport stamping and for the work permit renewal.
- If you need more than one work permit, you have to add 2,000,000 Baht Registered Capital,
for each additional work permit, so you'll have an extra fee of 30,000 Baht
for the registration of the company for each work permit, and 15,000 Baht for the new applcation of each permit.
- Taxes et fees of the company: Minimum 10 to 12,000 Baht of annual taxes
for a "sleeping" company (in case of a house without making any profit), and from 12.000 Baht until much more, depending of the profits, for a business.
Add about 1,000 to 2,000 Baht monthly for the accounting fees.
It will also cost you about 2,000 Baht for every new certified company papers, in order, for example, to open a bank account, get a non-immigrant visa or any transaction.
- 30 years renewable lease contract:
A foreigner can own with lease agreement (leasehold) under his name, a land with or without a house,
for up to 30 years.
- The lease is guaranteed by the Thai law and can be renewable,
which makes a 60 to 90 years contract, with the options written into the original lease contract and registered with the land office.
- Maximum guarantee and security... Note that not all the land owners
will accept this type of contract and it is a more ephemeral investment.
- The costs and taxes are minimal, as it is not necessary to register a company.
You'll have to pay taxes on the first registration of the lease contract and every 30 years when renewing the contract which is about 1,5% of the transaction.
- You'll also have to pay the "land taxes" as the owner do not have to pay them during the lease.
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With our long-term experience of Thailand, its regulations and its law, we would be able to make the realization of your project successfully.
- Knowing all the terms and conditions to purchase real estate in Thailand, you can now seeking the place of your dreams...
Have a nice time and good luck with the investment of real estate in Thailand.
Thailand, Koh Samui, Koh Phangan, Phuket Properties Team (An affiliation of Samui Phangan Properties) |
