LEGAL AND BUSINESS INFORMATION At Samui Tropical Views we are frequently questioned on how a foreigner can legally own property in Thailand. Although a foreigner cannot outright own land in Thailand, there are several methods used to secure land over time for a foriegner. The three main ways this is achived are:- 1: Freehold Title Foreigners can possess land through a registered leasehold. The lease is guaranteed under the law of Thailand and if set up correctly can be renewed; given that the renewal-of-lease option is written into the lease contract and duly registered with the local Land Office. 3: A 50 Year Non-renewable Lease This is a 50 year lease, guaranteed under the law of Thailand. How is land measured? Land in Thailand is measured in 'Rai', 'Ngan' and 'Wah' The metric system is normally used when referring to the construction of buildings. Land prices are nearly always expressed in baht per rai - or for smaller plots, baht per wah. Information Not Warranted or Guaranteed: The official Samui Tropical Views website and all pages linked to it or from it, are PROVIDED ON AN "AS IS, AS AVAILABLE" BASIS. Samui Tropical Views MAKES NO WARRANTIES, EXPRESSED OR IMPLIED, INCLUDING, WITHOUT LIMITATION, THOSE OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO ANY INFORMATION OR USE OF INFORMATION CONTAINED IN THE WEBSITE, OR LINKED FROM IT OR TO IT. Samui Tropical Views does not warrant or guarantee the accuracy, adequacy, quality, currentness, completeness, or suitability of any information for any purpose; that any information will be free of infection from viruses, worms, Trojan horses or other destructive contamination; that the information presented will not be objectionable to some individuals or that this service will remain uninterrupted. No Liability:
Although under Thai law a foreign national cannot own freehold property in Thailand there are proven and effective ways for a foreign investor to own and control a Thai company which owns the freehold property.
Although the foreigner only owns 49% of the company shares, these shares are referred to as preferential shares and are worth 10 votes per share.
The other 51% are owned by up to 6 Thai nationals, but as they are only ordinary shares, they equate to one vote per share. The foreigner will also appoint himself as the legal and sole director of the company.
Therefore the foreigner’s investment is safe and has full control over the company and its assets.
NOTE: Ownership and running a Thai company does have certain responsibilities and tax implications so let these and the complete structure be explained to you in a language you understand by a legal professional.
2: A 30 Year Lease
Use of this Web Site and its Contents: Legal Disclaimer
Samui Tropical Views, its agents or employees shall not be held liable to anyone for any errors, omissions or inaccuracies under any circumstances. The entire risk for utilizing the information contained on this site or linked to this site rests solely with the users of this site.
1 Rai = 4 Ngan or 1600 Sq Mt
And that means?1 Ngan = 100 Wah or 400 Sq Mt
1 Wah = 4 Sq Mt