Thailand Mountain Beach Villas
Make Owning Your Dream Home with Private Pool a Reality!
Foreign Ownership of Homes with Land in Thailand
Foreign Ownership of Homes with Land in
Of course, investing anywhere away from your home country raises many questions. Even with the recent government controversies here in
The current Foreign Trade Act of May 2006 provides for foreign investment for personal dwelling in 2 specific ways: 1. A Thai Corporation specifically designed for foreigners to own a personal dwelling with land not to exceed 1600 sq meters; 2. A 30 year lease hold with an automatic 30 year option. Of course, if you or your spouse are Thai Nationals, ownership is not an issue.
Currently here at Mountain Beach Villas, we have many homes owned by foreigners alone. The corporations are technically 51% Thai and 49% foreign although the foreign home owner holds sole signature capabilities and is nominated as sole Director/CEO of the Corporation. No matter what you hear, it is a very safe way to invest here and it provides for an easy way to sell/transfer the property to new owners in the event you want to sell. The Thai Government can not change existing businesses… they can only modify the laws for FUTURE concerns.
The cost of opening a Thai Corporation is currently 40,000 Baht. Thereafter, it is approximately 15,000 Baht per year to file taxes and maintain the company in good standing. You may arrange for everything personally or we are happy to introduce you to our Thai legal and accounting department who will open the company, handle transfers of deeds and file all necessary annual documents.
