Can I as a foreigner own a condominium in Thailand?
Yes you can. As a foreigner you are allowed to own a condominium in your own name. The only restriction is that foreigners cannot own more than 49% of the available selling in the building.
Can a foreigner legally own land in Thailand?
As a foreigner you may not own land in your own name, but you may own 49% in a Thai Limited company, in which you’ll be the sole director. Meaning that the foreign director is the only person who can commit or bind the company in any contractual dealing. In this way a foreign minority share holder controls the company and it’s assets.
What is the laws regarding land lease?
A foreigner can in some cases obtain a 30 year lease, however they are limited to 30 years and the viability of renewal is yet to be tested.
What are the measurements that are used in Thailand?
1 Rai = 4 Ngan or 1600 Sqm
1Ngan = 100 Wah or 400Sqm
1 Wah = 4 Sqm
1 Acer = 2.5 Rai
1 Hectare = 6.25 Rai
What kind of property taxes and transfer fees are there?
Transfer Fee 2%
Stamp Duty 0.5%
Withholding Tax 1%
Business Tax 3.3%
How much is your commission if I list my property with Bangkok Condo Finder?
We take 3% in commission for our services.
Why should I use an agent when I buy a house or Condo in Thailand?
The process of buying a house or condo can be complex, and having somebody by your side can smooth things up and be a security to say the least. In the process of buying we make sure that:
- Through our database, knowledge and experience, we’ll help you and guide you in your search for a property that suit your preferences.
- Pitfalls are avoided and we make sure the whole process is safe, easy and secure. Meaning that we will do background checks on title deeds. We will make sure that there are no surprising additional costs, during and after the transaction.
- If you buy a condominium we will check that the foreign quota is not exceeded. If you are buying a house we will help you set up a company limited and make sure through our lawyers that it will be processed correctly.
- We will draft all the legal documents and guide you through the whole process of transfering money according to the Thai law, and make sure you have all the documents needed in order to transfer the property to your name.