|
Buying a House
It is possible for foreigners to by a house in Thailand,
however, it is not as straight forward as buying a condominium - some of the
requirements are the same but certainly not all of them. The situation is so
convoluted that one could buy a house but not the land the house sits on! Not to
worry, we can assist you with the purchase of the land AND the house as well as
assist you with building your dream house.
There are a number of options available to foreigners wanting
to buy property. House in Chiang Mai has facilitated in processing each of these
choices for many foreigners in the past and our legal advisors are well versed
in the procedures. We can plan and implement a scheme to suit your
circumstances.
Land Lease
This option has become much more popular recently due to the
relaxation of Thai law that allows foreigners to lease land for up to 30 years
(with two successive renewals – making for a total of 90 years). If the land is
for commercial use (an office for example) each lease can be for 60 years each
term. Get more information about land leases on
How to buy Land in Chiang Mai
Thai Partner
If you are married to a Thai person then the simplest solution
is to let him/her buy the house and land.
Company Ownership of Land
Although foreigners can not own land, legally formed companies
with foreign shareholders can do so. You can legally set up a company and then
have the company buy the land. But beware of the restrictions that this
involves. Get more information about company land ownership
How to buy Land in Chiang Mai
If you have any questions regarding buying a house, please let
us know and we will do our best give you a clear and understandable answer.
|