If you are looking to buy a villa or land to build your dream house on – our team will support you on each step of the journey
STEP 1: Finding a House
Real Estate in Thailand has taken off in the past decade with many foreigners wishing to live here permanently or make this country their second home. While many wish to own a house in Thailand, it is important that you consider legal pitfalls, location and of course legal advice. Buying a house or a villa in Thailand always requires the use of a property lawyer who can guide you through the process. Property in Thailand is complex and for the better part unregulated.
You can search on our partner site kohsamui.villas for villas for sale.
STEP 2: Survey the property
Before you set up a company you have to conduct a land/property survey to get an overview of the current status of the property, things that need to be done (like electricity, water, aso.) and get a proper picture of the properties boundaries.
STEP 3: Setting up Your Thai Company
Once you have decided which house you are going to purchase, always consult a lawyer before signing any documents. Foreigners may not own a house in their name – however their Thai registered company may own the house. There are different forms of business entities in Thailand. The most commonly used is a Thai Limited Company. There are certain business registration criteria for the limited company.
STEP 4: Buying the House
Once you registered your Thai Limited Company you (or your property lawyer) should do a title search and check the contracts before signing. Common problems are the type of land deed the house or villa stands on, previous owners and construction on the site.
Leasehold Agreements: Foreigners can obtain full interest on a lease in Thailand throughout the specified lease term by signing leasehold agreements. In this form you don’t need to set up a Thai company. You have full rights over the leasing agreement, can sell it or sub rent it. The maximum duration of such an agreement is 30 years.
Read more about the available Land Deed Titles in Thailand or our advice, support and consulting on building in Thailand .