|
1.- LAND TITLE :
"Chanot" and "Nor Sor Sam" are the only two titles approved for land sale and development making the land accessible to purchase under a company with foreign shareholders, or lease to a foreicner. For "Nor Sor Sam" and "Nor Sor Sam Gor" titles the lands are measured with regard to the neighboor plots, while a GPS system is used for the "Chanot" lands.
All the lands and houses that we offer on our website have a "Chanot" or "Nor Sor Sam" title and have been checked with the land office (size, acces road, mortgage...)
2.- HOW TO BUY OR RENT IN THAILAND?
It is easy for a foreigner to legally acquire property in Thailand and enjoy full beneficial rights as doing it within the frameworks of the thai laws...
- Creation of a registered Thai company
The most popular method to acquire a property in Thailand and to run a business here (lucrative activities forbidden for tourist visa recipient) consists in the establishment of a company of which a foreigner can have the total control, in agreement with the other shareholders (7 with a maximun of 3 foreigners)...
The company is made of a majority of shares owned by Thai people (49-51 or 39-61 for a real estate company). The foreign director keep the total control of the company with the written agreement of the Thai shareholders.
The shares owned by the foreigners, beeing "preferential", are the equivalent of 10 votes during the annual general meeting, while the Thai shareholders get only "regular" shares equivalent to 1 vote each: 39 x 10 (votes) = 390 votes against 61 x 1 (vote) = 61 votes. In every case, the foreigners keep the management and total control of the company
Moreover, in most cases, the Thais shareholders did already retroceded their shares and therefore they will not claim in any ways for any assets that belongs to the company anymore.
- 30 years renewable lease contract
A foreigner can own under his name, a land with or without a house, for upto 30 years.
The lease is guaranteed by the Thai law and can be renewable, which makes a 60 to 90 years contract, with the options written into the original lease contract and registered with the land office.
Maximum guarantee and security... Note that not all the land owners will accept this type of contract and it is a more ephemeral investment.
The costs and taxes are minimal, as it is not necessary to create a company. You'll have to pay taxes on the first registration of the lease contract and every 30 years when renewing the contract, about 1,5% of the transaction. You'll also have to pay the "land taxes" as the owner do not have to pay them during the lease...
|