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.
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 accountant
or a 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 Bahst 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 new 1 year 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
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...
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...
