{"id":85423,"date":"2023-02-23T10:31:12","date_gmt":"2023-02-23T03:31:12","guid":{"rendered":"https:\/\/www.franco-media.com\/?p=85423"},"modified":"2024-09-10T16:05:58","modified_gmt":"2024-09-10T09:05:58","slug":"can-foreigners-buy-a-house-in-thailand","status":"publish","type":"post","link":"https:\/\/www.franco-media.com\/en\/can-foreigners-buy-a-house-in-thailand\/","title":{"rendered":"Can Foreigners Buy a House in Thailand?"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row][vc_column][vc_custom_heading text=&#8221;Can Foreigners Buy a House in Thailand?&#8221; font_container=&#8221;tag:h1|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;&#8221;][vc_column_text]Foreigners are not allowed to directly own the land on which a house is built. However, they can purchase a house or villa along with the surrounding land through a Thai company, which is called Thai company freehold. In this scenario, the Thai company owns the property as an asset. Although foreigners cannot own more than 49% of a Thai company, lawyers usually set up a company where the remaining 51% is divided among many Thai nationals, allowing the foreigner to maintain control of the company.<\/p>\n<p>The foreigner will be the sole director who oversees all company actions. This is a legal practice and is often utilized by billion-dollar international business chains. If a foreigner purchases a property that is under Thai company freehold, the name on the title deed does not change, and the only modification is the name of the company director.<\/p>\n<p>By avoiding an actual name change on the cha-note, all parties involved can sidestep Thailand&#8217;s 6.8% property sales tax and transfer fees. Hiring an attorney is necessary to handle the paperwork, yet overall quite cost-effective. If a property is not under Thai company freehold, a new Thai company must be registered, which is relatively inexpensive at only 45,000 THB (approximately US$ 1500) with an annual running cost of approximately 20,000 THB. The company also allows the foreigner to acquire a Thai visa and work permit, which permits them to stay legally in Thailand. Owning an asset boosts the company&#8217;s credibility for future business transactions.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]\tYou are here :\n<span><span><a href=\"https:\/\/www.franco-media.com\/en\/\">Home<\/a><\/span><\/span>[\/vc_column_text][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Foreigners are not allowed to directly own the land on which a house is built. However, they can purchase a house or villa along with the surrounding land through a Thai company, which is called Thai company freehold. In this scenario, the Thai company owns the property as an asset. Although foreigners cannot own more than 49% of a Thai company, lawyers usually set up a company where the remaining&#8230;<\/p>\n","protected":false},"author":1,"featured_media":85348,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1869,1870,1868],"tags":[],"class_list":["post-85423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","category-legal","category-real-estate"],"_links":{"self":[{"href":"https:\/\/www.franco-media.com\/en\/wp-json\/wp\/v2\/posts\/85423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franco-media.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franco-media.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franco-media.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franco-media.com\/en\/wp-json\/wp\/v2\/comments?post=85423"}],"version-history":[{"count":0,"href":"https:\/\/www.franco-media.com\/en\/wp-json\/wp\/v2\/posts\/85423\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.franco-media.com\/en\/wp-json\/wp\/v2\/media\/85348"}],"wp:attachment":[{"href":"https:\/\/www.franco-media.com\/en\/wp-json\/wp\/v2\/media?parent=85423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franco-media.com\/en\/wp-json\/wp\/v2\/categories?post=85423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franco-media.com\/en\/wp-json\/wp\/v2\/tags?post=85423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}