Conditions for buying property and immigrating to Thailand-Shiji Consulting,Immigration Consultants, Inc

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Conditions for buying property and immigrating to Thailand

Release time:

2022-06-07

Most properties involving land, such as villas, are completely prohibited for foreign purchase. Even if there is a real need, they can only be bought in the name of a company. Therefore, the majority of properties in Thailand that can be invested in under an individual's name are condominium types, and even then, they are only open to certain foreign individuals.

Most properties involving land, such as villas, are completely prohibited for foreigners to purchase. Even if it is necessary, they can only be bought in the name of a company, so most properties in Thailand that can be invested in under an individual's name are condominium-type properties, and even then, they are only open to certain foreigners.

The tax fees for buying a house in Thailand are relatively low, much lower than in European countries. The total tax fees amount to about six percent. So in these aspects, it is still quite good, but there are related advantages and disadvantages to buying property in Thailand. The return on investment for real estate in Thailand is not as high as in European countries, so the final decision to buy or not depends on yourself.

What are the conditions for Chinese people to buy property in Thailand? Non-Thai nationals cannot purchase land in Thailand, meaning foreigners cannot buy permanent property buildings with land, especially villas.

Foreigners can buy as many condominiums as they want, and they have permanent ownership. The only restriction is that 51% of the ownership of the entire condominium building must be held by Thai citizens, and foreigners can purchase a maximum of 49% of the condominiums.

Foreign nationals can also purchase villas or land in Thailand and have permanent ownership, but this must be done through registering a Thai company. Registering a company in Thailand takes only 7 days and is inexpensive, generally not requiring you to operate it actively, with only a small annual accounting fee.

Foreigners can obtain loans to buy property in Thailand, with the down payment calculated based on the property price or valuation, generally around 30%. However, the interest rate is relatively high, around 5%.

The explanation of Thai policies is quite vague. If you want to invest in property in Thailand, you can choose to find a reliable agent who speaks Chinese. When buying property in Thailand, pay attention to the specific procedures, and be cautious to protect your interests.