Search results for: foreigner

What are the available property ownership rights for foreign individuals? Foreigners can lease real estate for up to 90 years. It is essential to consult with a lawyer and adhere to Thai rules when purchasing real estate in the country.

Possession of condominiums, extended leasing, forming Thai corporations, and numerous other options are available! Obtaining property through distinct legal frameworks with the support of experienced professionals.

Phuket now requires professionals in a variety of fields, and finding a job there can be a good decision, enriching not only your career path but also your cultural experience.

Have you ever been disappointed with the instalment terms for property in Thailand? Most often, it is given for the construction period. Sometimes there are variants for 5 years. We suggest you take a look at the instalment terms for foreigners for up to 15 years.

When buying a condo in Phuket, you face a choice: Freehold or Leasehold type of ownership? Let's take a look at what each of them means. In each project, no more than 49% is owned by foreigners. These percentages are referred to as the Foreign Freehold Quota. The remaining 51% is owned by Thai citizens. Do Thai citizens want to buy real estate in such quantities? It is a big question. It is unprofitable for developers to miss the chance to sell 51% of their real estate. The law prohibits selling it to foreigners in full possession, but it can be rented out. Leasehold is the right of long-term rent.

There is a special term Foreign Quota that basically means that foreigners can have up to 49% in each condominium building, not more.

2020 - 2021 brought huge changes with it, but at the same time opened up new opportunities for many. If earlier remote work was a pipe dream for many, now the situation has changed dramatically. In 2020, companies massively transferred employees to remote work, and some countries introduced special visas for foreigners working remotely.

It is freely available for foreigners to buy apartments in Phuket. As for land ownership, there is some restriction in spite of the fact Phuket land for sale is in a higher demand every year. The Thai legislation has enacted that a foreigner cannot own any plot of land in the Kingdom. A buyer receives the 100% building ownership, but he does not get any land rights.