Samui Phangan Properties Co Ltd
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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 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 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 the sole way 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% for foreigners - 51% for thai people).

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

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 5% 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) : 35.000 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 : 15-20.000 Baht on opening, then 1.000 Baht taxes minimum
on the salary every month and 3.800 Baht per year 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 15-20.000 Baht for the opening of each permit.

- Taxes et fees of the company: Minimum 15.000 Baht of annual taxes
for a "sleeping" company (in case of a house without making any profit),
and from 15.000 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..

3.- HOW TO RENT IN THAILAND - 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 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...
Our experience of Thailand, its customs and its laws, will be very useful
to allow you to realize your project successfully.
Knowing all the terms and conditions to purchase real estate in Thailand,
You can now seeking the place of your dreams...
Have a nice trip on our website and good luck...
cocotier

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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:
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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