Thursday, September 2, 2010

Foreigners may land in Thailand?

What are the options of real estate hunter in Thailand? There are legal mechanisms for foreigners to ensure continuous and secure access to land and land use for his life's work can be done?

Option 1:

1 Rai Land - 40 million baht in Thailand.

An alien may be allowed to possess up to 1 Rai land in his name if he / she makes 40 million baht in the country. Conditions.

Option 2:

A long-termLease by its current owner.

This option is also known as "infinite lease-option by the owner. The contract will specify negotiated payments balloon at 1, 3 or 5 year intervals. This may be a good option if the tenant does not want to commit large amounts of money .

Option 3:

Other owners of properties and methods of use.

It is a right to enjoy and get benefits and value of assets to another company until theThe property is not altered or damaged.

Option 4:

Creation of a majority stake of the company.

This method can be more than an expensive and rather complicated. The alien has a 49% stake and 51% of own shares Thais. The registered owner of foreigners, also owns a majority of voting rights.

Option 5:

30 year lease with option to renew the lease.

This is probably the preferred method for most foreigners. TheForeigners have bought the land in a Thai citizen and lease back by Thai citizens aged 30 years with option for renewal. Many foreigners choose this option, the Thai spouse.

What is the best option for you?

You will be advised at best to consult a law firm in Thailand. Legal costs are a fraction of the cost in many Western countries, but in the long run will save money and minimize investment risks.

In tourist areas do not have a problemFind law firms with experience and good reputation. If you're in a rural movement, you may have a difficult time to find a law for several companies, but you can still areas with a larger company in Pattaya, Bangkok and others.

is the research and find the right company to do business, may be one of the most important tasks. Legal costs are cheap compared to many Western countries. A country can cost you around 15-30000 baht, but this investment is essential and can saveA lot of trouble and money in the long term.

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