Interexa – International tax planning law firm
“The future belongs to those who believe in the beauty of their dreams.”
There may be many years now that you have dreamed of moving to Paradise, to be independent and not be obliged to stay at one place. You may have dreamed of going somewhere in the world where it´s hot and exotic and the people are more happy and positive than your present place of living! If you have set up your business, career or pension so that you can work or live from abroad, Now is the Time! We have all resources – tax legal knowledge, the network and other contacts for you to move smoothly and quickly to a dream destination of most humans
No pollution In Chiang Rai
Looking for a job in Thailand? Here all info you need regarding getting a work permit.
Land Measurement in Thailand
Converting Rai and Wah can be complex and can create legal issues when people do not understand what it is that they are signing at the contract stage. Ensure that you understand what you are buying and how best to deal with this. These are the basics for land conversion in the land measurement system in Thailand. Thailand does not have an Imperial or Metric system.
- 1 sq. wah = 4 sq. m. 1 acre = 2.471 rai or 43,560 sq. ft.
- 1 ngan = 100 wah (or 400 sq. m.) 1 hectare = 6.25 rai or 10,000 sq. m.
- 1 Rai = 4 Ngan (or 1600 sq. m.)
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Buying Property in Thailand
After a wonderful vacation from amazing Thailand, you are so elated by its astounding beaches, beautiful people, and culinary delights that you decided to buy a piece of it and call it your own little place in tropical paradise. You excitedly turned on your computer, keyed in Buying Land in Thailand and pressed enter. Thousands upon thousands of entries beckon you for that miraculous “click”. But, before you get carried away, do you have sufficient information about property acquisition in Thailand? Are you well protected from the common property problems prevalent in this country?
For the past two decades or so, Thailand has seen an influx of foreigners spending their hard earned monies to acquire property in this land of beauty. Unfortunately, those acting in ignorance of Thai laws helplessly witnessed their monies go down the drain of non-recoup.
Are Foreigners allowed to own land in Thailand?
Generally, foreigners are not allowed to directly purchase land in Thailand. Simply put, Thai laws prohibit foreigners from owning land in their own name, although theoretically there is an exception but it is yet to be seen in practice.
This notwithstanding, there are alternatives available to foreigners for successful land acquisition. The most common option is to set up your own Thai Limited Company to own the land on your behalf. Another option is to enter into a long term leasehold with the Land owner. It is a commonly unknown fact that although a foreigner cannot own land in Thailand, he can own the house or structure built thereon. One only has to apply for a construction permit to build the house in his own name.
The next step is to get well acquainted with the process of buying real estate in Thailand. It is also important to understand the different types of Thai title deeds in order to determine the extent of the owner’s rights over the land you are interested in. Also, it is advisable to know the cost of transfer and Thailand property taxes in advance.
Most importantly, use the legal services for property acquisition of registered and reputable lawyers in Thailand to protect your interests and ensure that your own tropical paradise will soon become a reality.
We can assist you with any legal and contract questions for foreigners/locals during the buying process.
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