Thailand is a country of astonishing natural beauty, inhabited by some of the friendliest and most hospitable people in the world and is still very affordable for international investors.

 

The property market still relatively undiscovered which means that the property prices stay well below those in the more established European market.  However, the market is growing quickly and strongly at a rate of around 10-15% a year.

 

The country has attracted significant foreign investment and has become one of the Asian Economic Tigers and one of the fastest-growing economies in the region. The two key drivers behind the Thai property market are the domestic economic growth and tourism and the expectation is that developments in both areas will contribute to a continuing upward trend in property prices.

Buying Property in Thailand

 

Foreigners can by freehold property in Thailand by following a few basic steps. Freehold property ownership requires that you set up a local company with you as a partner owning a 39% share of the company, the remaining 61% must be in the names of Thai nationals. The UK purchaser is named as sole executive director in the Company's Articles of Association and the Thai shareholders all sign undated share transfer contracts at the time the company is being registered. This effectively puts 100% control of the company and its assets into the hands of the foreign (UK) director. The Thai shareholders have absolutely no executive control or powers within the company, nor do they need to be consulted on any issues at any time. They can also be replaced at any time at your discretion. However, a Thai limited company always has to have a minimum of 7 shareholders, for example one foreigner and 6 Thai nationals.
 
Location

 

Thailand is bounded by Myanmar to the north and west, Malaysia to the south, Laos to the northeast and Cambodia to the east, and has coastline on the Gulf of Thailand and the Andaman Sea. Thailand offers an enormous range of attractions which draw visitors back year after year, including high mountains, dense forests and stunning beaches, a tropical climate and cities teeming with culture and colour.

 

Languages spoken in Thailand

 

Thai but English is becoming more well known

Call Land & Brand New Homes on 0870 7778 726 for further details.