Luxury House For Sale/Rent in Chiang Mai

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Buying a House in Thailand – Foreign Ownership

Can a Foreigner Buy a House in Thailand?

Buying a House in Thailand
A foreigner is permitted to own a house but not a property in Thailand (cannot own land). The 3 common ways around this issue are to 1. Purchase a home within your own Thailand registered company; 2. Purchase the home under Thai ownership with long-ranging (30+30+30 years) lease agreements; 3. Get married and put in a Thai name. Option 1 is easily the most preferred though the formalities are daunting and prevent many foreigners from going this route.

We have a perfect solution
=> this incredible home comes complete with Thai registered company that will allow a foreigner to purchase as a business and retain complete financial control of the assets. We are pleased to provide advice on how a foreigner can own a home in Chiang Mai and will expect perspective buyers to seek independent legal advice.

An Existing Solution for Foreigner Wishing
to Purchase this Home

We are offering you a Thai registered company; a Thai trading and consulting business that can be operated as an antiques business, or you can use the company for essentially any other venture you wish to undertake in Thailand. The business comes with two websites and is a completely legitimate means for taking ownership of this home as a foreigner with no associated risk.

Buying a House in Thailand
 
 
 
This is an up-to-date company with paid up taxes and complete accounting and audit records available for inspection at the offices of our Chiang Mai certified accounting consultants.
With the sale of this property we are giving our Thai registered company for free, considering the many complexities involved in setting up a Thailand registered company; this incentive offers far more than a strictly financial value.
 
 
 

Below is some general information regarding land and house ownership in Thailand. For your own benefit, we will insist you seek legal advice on your own regarding the matters of ownership and can offer some contact information for Chiang Mai law firms if you wish.


Some Basic Information about owning land as a foreigner

There is no such thing as a "bogus" Thai company.
A company is a legal entity and comes into being when the appropriate authority issues a Certificate of Incorporation.
A Thai company is a legal entity, distinct from its directors and shareholders. Also please don't confuse "business" with "company" - they are two very distinct concepts in Thai law.

SELLING the Property

The business of course has a right to sell a property, at the sole discretion of the managing director (unless you assign other signatory permissions within the Company registration), effectively liquidating the asset. The owner of the company will then have the right to take assets out of the company in a number of different ways, including repayment of shareholder loans (repayment to your self if your investment is still considered shareholder loan).