Category: Samui Real Estate

Corporate ownership is another way for foreigners to acquire property in Pattaya. Via establishing private limited companies, Thailand becomes lenient towards permitting aliens to own land in the country. Nevertheless, forming business organizations alone is not enough to enjoy such a privilege. One should see to it that 51% of the shareholders are Thai. Aside from the legal requirements, there is another aspect that foreign investors must consider prior to building companies and obtaining land in the country. This is tax planning.

A private limited company wherein 49% of the shares are owned by a foreigner entitles the latter to purchase properties in Samui. This privilege explains the growth of business organizations with foreign owners. However, many misunderstood that such privilege still applies to the beneficiaries of the Treaty of Amity. More often than not, such situation creates conflicts and problems, most especially to those who are unfamiliar with the said treaty.

Samui’s property industry is an emerging market in Thailand. Slowly but surely, the prices of Samui real estate is catching up with other regions in the country. This is, of course, a good sign. It suggests that more and more consumers and investors are taking a high interest in Samui’s potential to generate a sound return of investment and profits. It is also important to note that the region has managed to survive the devastating effects of the global economic crisis. Compared to other areas that were heavily affected by the economic meltdown, real estate development in Samui smoothly continued. Many projects were successfully completed.

Very few people would need to register a servitude in Thailand unless you are living in Isaan or own another form of property such farmland where there might be a need to a servitude. If you are considering buying a property or any real estate let your lawyer check for servitudes over your property.

Many buyers wonder what taxes need to be paid when buying a condominium in Thailand. The tax system is easy to understand and we have broken it down in an easy example to show how it works. Speak to a real estate lawyer in Samui for more advice and guidance. Call us today on our Toll-Free numbers!