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Abstract Waves

THAI LAW  - YOUR OWNERSHIP RIGHTS

IF YOU DID NOT KNOW ALREADY - READ THIS

Thai Law for

Foreigners:

Under Section 86 of the land code act, Foreigners may acquire land in Thailand by the provision of a treaty granting them the right to own land.

The most popular and legal options to own land or a property in Thailand are leasehold and freehold ownership.

Freehold:

Freehold Ownership grants the owner full legal and undisputed rights to the property. Ownership is limited by 49%, 51% remain with a Thai Na- tional. To achieve 100% Ownership Foreigners must found a Limited Company in Thailand or own an Offshore Company already.

Leasehold:

A foreigner can easily and legally lease property or land in their own personal name for an initial 30 years. Lease period varies from 30 years to 99 years according to Thai Law. 

Leasehold comes along with 100% ownership for a property or a land through lease rights. 

A leasehold is a long-term rental and personal right attached to the person who acquires the right to occupy a particular land or property for a pre-determined time.

Leasehold is generally cheaper when compared to freehold.

Offshore Company:

Buying a property and real estate in Thailand is possible through an offshore company. There is no restriction as to where in the world the offshore company must be incorporated.

Contracts:

The Buyer and Seller have to sign a „Land Purchase Agreement“ and a „Real Estate Purchase Agreement“ as the two contracts must be independent according to Thai Law.

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