To date foreigners may own

  - a unit in a registered Condominium

  - a building (as distinct from its land)

  - a registered leasehold of up to 30 years for all types of titled land (and/or buildings).

  - a company can purchase land and buildings but will be inspected and all Thai shareholders veted.

  - more than 49% of a condominium unless in Company form.

  - foreigners can own land being 49% in a company but the company must operate a business & shareholders interviewed so not that easy anymore

  - if you invest 40m baht you can buy 1 Rai of land in Thailand outright. 

USING OUR SERVICES:

WHY USE OUR SERVICES: 

BUYING A BUSINESS:

Thailand differs from every other country and when you decide to buy a service or hospitality business here the first and most foremost thing you do is ascertain who your management structure will be. If you think you can buy a business for under 1m baht and make it forget it. With any business you now need a company for safety and if you want to work with work permit and have the premises under the Company name. The days have gone where you can run a business and make a profit when you only have 500,000 baht. The location is second to management and if you do not have your management sorted out first then you will find it hard to make headway in Thailand eg. honesty. Running a company with 4 employees, paying taxes etc you need 500,000 baht for the first year in fees alone and remember whatever you go into the off or low season is from April= November so make sure you bring plenty of money.  [ SEE MORE ON BUYING A BUSINESS ]

FREIGHT FORWARDER FOR YOUR HOUSEHOLD GOODS & ANIMALS:

Thailand can offer many foreigners moving household belongings to and from Thailand. If you need to ask then check out [ FREIGHT FORWARD COMPANIES ]. If you have animals and pets like a dog please ask a freight forwarder and Vet in your country.  [ Click to see more info ] on bringing your pets to Thailand.

USING A LAWYER:

Do what you would do back home & take our advice. USE A LAWYER but be careful there are good and bad lawyers here????? When using the services of a lawyer please be considerate and talk slowly. Although many lawyers speak English it is not there first language and be slow and patient when stating your case especially if you have just been rolled by your girlfriend???. There understanding of what you are trying to say maybe is not what they are thinking so when talking use local layman speech not heavy doctrine. Do not stand and demand like one will do in the west. Do not look down at a lawyer who is sitting down while you are standing. You are in Thailand not in the West. Do not shout and make demands or bang your fist on the table because you gave all your money to the "local bargirl" & now are crying!!!. Why? Some Thai lawyers will simply turn there back and close you out. You may even lose the money you gave. Simply speaking if you are rude and act like one does in the west then forget using a lawyer here. Thailand people are very patient and they do not like to be threatened or placed in situations where they do not understand the falang. Remember if you have a litigation case pending here in Thailand it can take many years to process & lots of money and court sittings that just drag on and on but this is Thailand and one must abide by their rules. If you lend money to a foreigner or anyone in Thailand do by way of contract and secure assets off the borrower. 9 time out 10 you will not get your money back.

If you have a property to rent, sell or lease in Thailand then WRITE TO US as we can advertise for you in our hardcopy news in Chiangmai .

New property law stuns foreigners

Bangkok (dpa) - Thailand's booming property sector has been thrown into confusion by a new regulation issued this month that requires all partly foreign-owned companies to prove the source of their funding before purchasing land, industry sources said Tuesday.
The new Interior Ministry regulation that went into effect on May 25 2006 has already started to slow sales of housing estates in Thailand's popular seaside resorts, such as Pattaya, Phuket, Hua Hin and Samui Island, which have been specifically targeting well-to-do foreigners as vacation getaways or retirement homes.
Thailand has strict laws prohibiting foreigners from directly purchasing property themselves although loopholes in the law allow them to own land and their houses through long leases or a "nominee company," providing the company is majority Thai-owned.
It is common practice for such "shell companies" to include Thai nationals who have been paid to act as nominees to facilitate the deal and who have invested nothing in the purchase. The new regulation, signed by Suraart Thoingniramol, deputy permanent secretary of the Interior Ministry, is designed to halt the use of such companies for property purchases in the future.
"If it appears that an alien holds shares or is a director or it is reasonable to believe that a Thai holds shares as a representative of an alien, the officers shall investigate the income of Thais holding shares, delving into the number of years [they have spent] in the current profession and monthly salary," reads a translation of the law. "The provision of necessary evidence is required."
The new regulation is actually an enforcement of Thailand's existing laws, legal experts said. "It's not a radical change. It's a radical implementation," Ronachai said.
The regulation has already started to stall home sales to foreigners, sources said.
"There's a lot of confusion," said Simon Landy, managing director of the Primo Co, a property-development firm. "Some land offices don't know what to do with it, and many have simply stopped transferring land." Source Bangkok Post