Can a Own Property in Thailand

Retirement in Thailand could be the dream of mine also and many foreigners. I want to settle down there in about two years and have been looking into the guidelines for acquiring property in-the land of smiles.



The easiest solution for a (farang) is to buy a house. There is a percentage requirement as to the total amount of Thais and farang within the house complex.

Foreign land ownership is forbidden in Thailand. So, the best that a farang can-do is to rent the land and own the house. The rent will work for 30 years and beyond that is anyones think. Some web sites say you may get yet another 30 years and other sites say that there"s no guarantee.

Still another option is always to add yourself as some kind of company and lease the property right back to yourself as someone. This really is in the gray section of Thai law and one which I wouldnt use. I have friends that have done this and to date it"s Okay but I worry about the long run.

Last but most certainly not least is something called a usufruct. Googling this may probably offer you more details and a much better reason than I can offer. All I know is that is the choice that a lawyer recommended to me and I will pursue further on my next visit to Thailand. He claims it"s similar to a rent but has some better rewards. He"ll have to convince me.

Regardless, it"ll function as rent or the usufruct. Either one should permit me to have a place in Thailand before day I die o-r whatever happens to the home from then on I really dont value. If you are concerned by religion, you will possibly wish to discover about in english.

There is one final solution that I very DONT advise. It is possible to place the property inside your Thai wife o-r girlfriends name. She"ll then own the home outright. There"s a technicality that she has to show that she offered all of the resources for the property but that"s an easy lie to cover. The problem with this solution is that because she is the owner, she may do whatever she wants with the property. For different viewpoints, consider peeping at: worth reading. You can take a two-week holiday and keep coming back and realize that your home has been bought and your honey is fully gone. That is definitely not advised.

Seek advice from your attorney and get the method to purchase/lease home for your retirement. Browse here at JazzTimes to read when to ponder this viewpoint. When you have your attorneys hearing, check on agreements and an enforceable will. Won"t conduct any purchase of the nature with no advice of the lawyer..

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