Estate & Land Investment
- Verification of land and condominium ownership.
- Search and copy of land title deeds and condominium ownership documents.
- Land and condominium directory checks and copies.
- Verification of individuals and spouses.
Thailand’s Land for Foreigners
Thailand boasts a vibrant property market, but for foreigners, acquiring land presents unique challenges. Unlike a simple condo purchase, buying land requires a deeper understanding of Thai law.
Foreign Ownership Restrictions
Thai law generally prohibits foreigners from directly owning land. However, Ocean Law and Consultant can guide you through alternative strategies to achieve your land ownership goals in Thailand. Here are three common options:
- Thai Limited Company: A Thai company can own land in Thailand. We can assist you in establishing a company with at least 51% Thai ownership, ensuring compliance and minimizing risks.
- Long-Term Leasehold: Leasing land for 30 years with the possibility of two extensions provides a long-term solution. This avoids complexities of company formation and offers flexibility in transferring your lease rights.
- Marriage to a Thai Citizen: Being married to a Thai citizen allows for land ownership under their name.However, prenuptial agreements are highly recommended to safeguard your interests in case of unforeseen circumstances.
Understanding the Nuances
Each approach has its advantages and considerations. For instance, while a Thai company offers ownership, it requires careful partner selection. Leases, though flexible, have renewal uncertainties. Marriage, while providing ownership rights through your spouse, necessitates legal safeguards.
Ocean Law and Consultant: Your Trusted Guide
Thai land ownership for foreigners is a nuanced process. Our lawyers possess extensive experience in navigating these complexities. We offer comprehensive services, including:
- Title Searches: Ensuring a clear and unencumbered property title.
- Sale and Purchase Agreement Review: Protecting your interests in the purchase contract.
- Expert Guidance: Seamlessly guiding you through the entire land acquisition process.
