Buy your retirement home in Thailand

Thailand has attracted foreign investors for decades in the past, and for many of their most important investments have been a holiday home or retirement. City centers and places like Bangkok, Chiang Mai, Phuket, Koh Samui, Hua Hin and Pattaya have tens of thousands of pensioners who vacation or retirement homes, villas and beach bungalows have purchased drawn.

It is important in such an important investment, and to understand the legal issuesFormality, otherwise your investment could be compromised in some.

This article concerns the acquisition of Land & House, a second article will deal with Thailand laws and procedures relating to condominiums in

Land & House

The most important question we must consider is the fact that the Thai law generally prohibits foreigners from owning land in Thailand. Notable exception of foreigners willing to invest 40 million THB (830 000 GBP., U.S. $€ 1,200,000 1,000,000) or more in some investments that the permission is granted for a land rai (_____ m² / _____acres) on which to build a residence permit.

Because this option does not fit most of the investors are among the alternatives that are very popular are:

Acquisition of land with a company owned by the company;
Acquisition of land with a Thai candidate as the sole owner;
The rent or other mechanisms of rights ("superficies", "usufruct").

Mostreliable and popular option is a holding company which in turn create the country itself. Although nominally Thai co-investors as part of this agreement, agreements and voting rights which are necessary are in place that set a legal control assured the foreign investor.

Alternatively, we can avoid the holding structure in the following manner: - or candidate of your choice - your Thai spouse takes the legal title to the land, and was given permission to shoot to build a houseCountry living and country for the rest of natural life.

All these options are fully recognized by Thai law, as the documents in Thai land Department of presentation in your position and the right to property.

To ensure that you understand the property laws and regulations in Thailand, it is important that you consult legal formality required is set correctly.