Thailand is one of the most exotic and beautiful locations in the world. For this reason, it is one of the top tourist destinations and continues to draw new arrivals each year.
Obtaining Real Estate or Property in Thailand
In order to stay in Thailand for the long term many people opt to buy Thai Real Estate. However, there are some ways in which a non-Thai can own or control Thai property. To get more details about real estate in Thailand, you can check Thai real estate online.
Condos in Thailand are a popular choice for many expats. Under Thai law a foreigner is allowed to own a Thai Condominium provided the Condo meets certain requirements laid out in the Thailand Condominium Act.
Thai Real Estate Lease
A long term lease of Thai Real Estate is another attractive option to many prospective foreign Property owners in Thailand. Many people believe that Thai leases are automatically renewable and they can last for over 30 time.
A usufruct of Thai property is another possibility. There are many formalities that must be kept in mind when drafting a usufruct which is why it is advisable to have a lawyer prepare a usufruct.
Thai Company Formation for Property Ownership
Another method of "owning" property in Thailand is having a Thai company own the property and have a disproportionate number of voting shares allotted to the non-Thai property "owner," this method allows a non-Thai to keep control of the property while still adhering to Thai law.