Lumyai Homes fully understand all legal matters
regarding foreigners when it comes to owning or leasing property
in Thailand. In working with our legal team "
Siam
Legal" we
will assist you with any matters of importance when the time comes.
Here are two of the most common ways in which a foreigner can legally
own land and the house upon it.
1.Thai limited company.
The most popular structure to purchase land for foreign investors
is through a Thai Limited Liability Company. In Thailand, a Limited
Company which is a Thai Juristic Entity can own land and property.
The foreigner can own a limit of 49% of the company shares. With
this company you can legally be the only signee director of the company
who can control the company in any contractual dealings. This successfully
allows the foreign buyer to have complete and secure control over
the company and all its assets.
2. 30 Year Lease Option.
This is the other form of buying land for foreigners is through a
30 year Leasehold Agreement. These are commonly written up as 30
year leases with an amendment written into the contract for two further
30 year renewals for a lease term of a total of 90 years. The lease
contract can also include clauses that will bind the owner of the
land to automatically allow freehold ownership if Thai law changes
to allow foreign ownership. Also the right to sell, sublet, or transfer
the lease agreement. This will enable you through a Leasehold contract
purchase to have full control over the land but not the ownership
for the lease term.
