Buying Houses
Buying a house or Thai villa in Thailand is not as straight forward as buying other real estate in Thailand such as a condominium. Firstly you would need to register a Thai company , as a foreigner may not own a house in his name. Once your Thai limited company has been registered, then only may the real estate be purchased. Things to consider are Thailand property taxes and we have listed a property transfer calculator . There are also the different Thai title deeds and the most common Thai real estate problems . Should be buying off plan it would be of interest to read about buying off plan in Thailand . We have an extensive section on Thailand real estate with regards to buying a house or a Thai villa and have listed it here:
STEP 1 : FINDING A HOUSE IN THAILAND |
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Real Estate in Thailand has taken off in the past decade or so with more foreigners' wishing to live in Thailand or make Thailand their second home. Many wish to own a house, and it is important that when purchasing a house to always make use of registered lawyers in Thailand and reputable estate agents when buying a house. See the Thailand Real Estate Outlook , the glossary of Real Estate Terms and the Real Estate FAQ when you start your search for a house in Thailand , be the house in Bangkok , Pattaya, Phuket or Hau Hin. Be fully aware that many of the problems that do arrise from buying a house in Thailand can be avoided early on in the property search.You might need to read the Real Estate pitfalls in Thailand when going out on your search. Ask the right questions to avoid costly litigation. |
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STEP 2 : SETTING UP YOUR THAI COMPANY |
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Once you have decided which house you are going to purchase, always consult a lawyer before signing any documents. Foreigners my not own a house in their name; however their Thai registered company may own the house. There are different forms of business entities in Thailand . The most commonly used is a Thai Limited Company . There is certain business registration criteria's for the limited company. The Thailand Amity Treaty is also still in existence for Americans and there are also tax considerations so check Corporate Tax in Thailand if you are going to do more than own a house or need a Thai Work Permit . |
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STEP 3 : BUYING A HOUSE IN THAILAND |
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Once we registered your Thai Limited Company we do the following amongst other property services . They would do a title search and check the contracts before signing.Also note the type of Title Deeds in Thailand . If you are buying a house off plan, you would need legal advice as to buying in pre construction projects. There is also the cost of transfer for your condominium and Thailand property taxes . Use the property transfer calculator to check your fees payable. See the compressed version on buying real estate and the most common property problems .Always consult a reputable firm of attorneys before you embark on the prcess of purchasing a house in Thailand . |
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JWS Consulting Company Limited
99 / 19 Moo1, 2 nd Floor, Praphuket Road, Kathu, Kathu, Phuket 83120 Thailand
Tel : +(66) 076 304 400 Fax : +(66) 076 304 401
Hotline : +(66) 084 746 3838
Email : info@jwsconsulting.co.th