Frequently Asked Questions
1. If a foreigner is not allowed to have an ownership of land, is he allowed to build on the land?
Answer: Yes a foreigner can own any building on his rented land. If you are married to a Thai, and you have plans to build a house on his or her land, make a lease agreement that says you are the tenant and have a joint ownership over the house..
Answer: Yes a foreigner can own any building on his rented land. If you are married to a Thai, and you have plans to build a house on his or her land, make a lease agreement that says you are the tenant and have a joint ownership over the house..
2. How to get construction permission?
Answer: Construction permission can be obtained at the Local Administration organization, or the Municipal Office, where your land is located. You need a architect or an engineer to do this for you.
Answer: Construction permission can be obtained at the Local Administration organization, or the Municipal Office, where your land is located. You need a architect or an engineer to do this for you.
3. Can a foreigner legally own a land in Thailand?
Answer: No a foreigner is not allowed to own a land in Thailand, but there are other alternatives to buy land. For more information, please see here
Answer: No a foreigner is not allowed to own a land in Thailand, but there are other alternatives to buy land. For more information, please see here
4. What are Thai Laws regarding a land lease?
Answer: : A land lease for 3 years and more must be registered with the Land Department. The maximum duration is 30 years, and can be extended for another 30 years.
Answer: : A land lease for 3 years and more must be registered with the Land Department. The maximum duration is 30 years, and can be extended for another 30 years.
5. What are measurements used for land in Thailand?
- Answer: In Thailand, Land is measured in Rai, Ngan and Wah.
- 1 Rai = 4 Ngan (or 1600 Sq.m.)
- 1 Ngan = 100 Wah (or 400 Sq.m.)
- 1 Wah = 4 Sq.m.
- 1 Acer = 2.5 Rai
- 1 Hectare = 6.25 Rai
6. Can a foreigner legally own a condominium in Thailand?
Answer: Yes you can own a condominium, constructed on a land of less than 5 rai,.
Answer: Yes you can own a condominium, constructed on a land of less than 5 rai,.
7. Can I buy a property in Thailand when I am not in Thailand?
Answer: Yes. By appointing, by power of attorney, a lawyer to act on your behalf.
Answer: Yes. By appointing, by power of attorney, a lawyer to act on your behalf.
8. What if I want to sell my property in Thailand, what are taxes on a sale and how do I transfer the money out of Thailand?
Answer: A person earning money from selling property in Thailand, is taxed a withholding tax (from 0 to 37%) A specific business tax of 3.3%, of the appraised price or the purchase price whichever is higher, must be paid in case that the buyer has a property in his possession for less than 5 years Transferring money out of Thailand, You have to bring your bank account documents and passport to the bank to arrange a transfer. A transfer of more than $20,000 USD must be informed to the Bank of Thailand. A transfer of more than 2,000,000 baht must be informed to the Anti-Money-Laundering Office.
Answer: A person earning money from selling property in Thailand, is taxed a withholding tax (from 0 to 37%) A specific business tax of 3.3%, of the appraised price or the purchase price whichever is higher, must be paid in case that the buyer has a property in his possession for less than 5 years Transferring money out of Thailand, You have to bring your bank account documents and passport to the bank to arrange a transfer. A transfer of more than $20,000 USD must be informed to the Bank of Thailand. A transfer of more than 2,000,000 baht must be informed to the Anti-Money-Laundering Office.
9. What is a “condominium”?
Answer: a Condominium is a building featuring privately-owned property and common property. The owners of condominium unit own the land through a juristic person of condominium.
Answer: a Condominium is a building featuring privately-owned property and common property. The owners of condominium unit own the land through a juristic person of condominium.
