We want to ensure our clients have the best experience possible so we ensure they are fully informed. We have compiled a list of frequently asked questions to ensure our clients are clear and well informed so we can maintain our high standards. If you have a question please feel free to fill in the form on the right, we’ll answer you as quickly as we can, and we may even add the question here.
Ownership of land is governed by the Land Code BE 2497 (1954), the Civil and Commercial Code, Land Reform for Agriculture Act BE 2518 (1975) and the regulations set forth by the Ministry of the Interior.
If you are a foreigner you can own a house in your own name, but Thai law currently prohibits you from owning the land the house is built on.
There are a number of ways in which you can facilitate the purchase of land to build your house on but in practice, the method most commonly used by foreigners is to invest in a Thai private limited company which can then purchase freehold land. This involves the incorporation of a private limited company of which the foreigner holds 49% of the shares. The remaining 51% of the shares is held by Thai NationalsThe Articles of Association can be varied to allow greater protection for foreign minority shareholders where majority Thai ownership is required under the Alien Business Law.
A Thor Tor Sam (3) is an official bank document issued by the receiving bank upon the receipt of foreign currency into your bank account in Thailand. You must request a Thor Tor Sam from your bank when you are sending funds to Thailand for the purpose of purchasing a property, and the Thor Tor Sam must specify that the money is solely for this purpose. Add Image
Yes it is called Chanote and is the only document which can be described a land title deed, because it alone confirms ownership of land. The land is accurately surveyed and its area and boundaries are set using GPS. It may be possible to partition (divide) the land into smaller plots if required. Add 2 images
Yes she can. The Ministerial regulation of 1999 allows Thai national's married to foreigners to purchase land, but the Thai spouse must prove that the money used in the purchase of freehold land is legally solely theirs with no foreign claim to it. This is usually facilitated by the foreign spouse signing a declaration stating that the funds used for the purchase of property belonged to the Thai spouse prior to the marriage.
Comparable taxes on properties in Thailand are the Land Tax and the Structures Usage Tax.
The Land Tax is so small that, in practice, the body charged to collect it, rarely bothers to do so, and if they do, they usually wait several years until the amount accumulates.The second tax, the Structures Usage Tax, relates to buildings, and is only applied to properties used for commercial purpose.
There are four taxes that you need to be aware of
Not normally but most of the financial institutions in Thailand provide loans for real estate purchasing to Thai companies.
CSP can offer easy payment termsAfter the down payment has been paid, a sale contract will be made and the balance amount will then be paid over an agreed term.
Land is measured in Rai – Ngan – Talang Wah (Tw2)
1 Rai = 1600 square meters (1 Rai = 4 ngan or 400 Tw2)
1 Ngan = 400 square meters (1 ngan = 100 Tw2)
1 Talang Wah = 4 square meters
|Thai Phone:||+66 (0) 38 076 285-6|
|Thai Fax:||+66 (0) 38 076 287|
|Hours:||Monday – Saturday 8 am – 5 pm|