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Real Estate |
HOMELAND, HOUSE,
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1.- LAND TITLE : "Chanot" and "Nor Sor Sam&uot; 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 3 Gor" titles the lands are measured with regard to the neighboor plots, while a GPS system is used for the "Chanot". All the lands and houses that we offer on our website have a "Chanot" or "Nor Sor 3 " 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 (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. The most used and securing solution, especially if you'd like to invest in order to make business or just build your home... We can help you to create your company with the help of a chartered lawyer. Prices for each services (as an indication): - Taxes for ownership transfer : Depending on the land sale's price , around 4% of the transaction. - Creation of a company without work permit (the most used and simple way if you only purchase a land or a house for living) : 15.000 Baht - Creation of a company with a work permit (in case you buy a business in order to work and make lucrative activities) : 35.000 Baht - Work Permit : 15.000 Baht on opening, then 2.000 Baht taxes minimum on the salary every month and 1.100 Baht every 3 months , after the mandatory passeport stamping and for the work permit renewal. If you need more than one work permit, you have to add 2.000.000 Baht Capital, for each additional work permit, so you'll have an extra fee of 30.000 Baht for the creation of the company for each work permit, and 15.000 Baht for the opening of each permit. - Taxes et fees of the company: Minimum 10 to 12.000 Baht of annual taxes for a "sleeping" company (in case of a house without making any profit), and from 12.000 Baht until much more, depending of the profits, for a business. Add about 1.000 to 2.000 Baht monthly for the accounting fees. It will also cost you about 2.000 Baht for every new certified company papers, in order, for example, to open a bank account, get a non-immigrant visa or any transaction.. - 30 years renewable lease contract A foreigner can own under his name, a land with or without a house, for up to 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 i nto 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... |
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Our experience of Thailand, its customs and its laws, will be very useful Have a nice trip on our website and good luck... |
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| On the Beach | On the Beach | Find our offers, in Samui or Pha Ngan, on the beach, with seaview or in the coconut trees, as well as some businesses, simply by clicking on the corresponding link on the opposite menu. |
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| Samui Phangan Properties CO Ltd - KOH SAMUI 108/29 Moo1 T. Bophut - Koh Samui - 84320 Suratthani - THAILAND Tel.: +66(0)87 18 07 247 - Tel/Fax: +66(0)77 960 373 - Buy / Sale: - Rent: |
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| Samui Phangan Properties CO Ltd - KOH PHANGAN 211 Moo 1 T. Koh Phangan - Koh Phangan - 84280 Suratthani - THAILAND Tel.: +66(0)89 58 72 850 - Tel/Fax: +66(0)77 238 272 Buy / Sale: - Rent: |
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