BNP2004

Commercial real estate market in Thailand is a chance for anyone looking into the future and does not want to lose the opportunity offered by the world economic crisis action and far-sighted investors. The Thai Government has invested huge funds in infrastructure, roads, communications, etc. There are the massive construction of residential houses, leisure centers and shopping centers in resort areas. Add to this unique climate, low prices and a steady stream of tourists from all over the world-and we will get the country in which not only nice to spend the money, but where there are excellent opportunities for their earnings. Due to the nature of the Thai legislation (namely the ban on the apparent possession of the land to a foreigner) should distinguish between the purchase of apartments in the apartment building (condominium) and a plot of land with the House. Many expats and other foreign investors buy house in thailand.

The owner of each apartment will be the certificate of ownership. This certificate is which part of the dwelling house in percentage belongs to each of the owners. If the same quota on foreign ownership of flats in an apartment house has been exhausted, there remains the possibility of buying an apartment in the Thai legal person or a lease. There are several options for ownership of land by lease:

Long term rental at a Thai national, made by the shareholder of the company the buyer but are not entitled to act on behalf of the company. Thus, a citizen of Thailand buys House/land, and you take a lease on 30 years with the right extension. To rent for more than three years has legal force, it must be registered, which entails the costs of registration and payment of stamp duty, which is a percentage of the rental cost for the entire period. Renew the lease can be twice for a period of 30 years (total for 90 years).

Citizen of Thailand, chosen by the buyer or by counsel representing the House/the Earth pledge. This type of ownership is also logged in the land Committee. Additionally, it should be noted that only the owner of the land has the right to lay the land tenant deprived of this right.