Investing in Thailand
The keys to becoming a property owner
Thailand, a country with a thousand facets, attracts a growing number of foreigners every year in search of property investment opportunities. But how can you become a property owner in Thailand legally and maximise the benefits ? There are two ways of acquiring property in Thailand : freehold and leasehold. Everything depends on the investor’s profile and plans.
- Do you want to invest so that you can live there for the long term and pass on your assets to your heirs, or do you want to spend long periods of time there ?
Freehold is the right system for you. It is the preferred option for many foreigners wishing to acquire a property built or to be built on existing land. This system offers total security to the new buyer. Indeed, our lawyer puts together a legal package enabling the acquisition of a plot of land on the one hand and a building in the buyer’s own name on the other. All the land is acquired in the form of a company in which all the shares are transferred to you. The company then leases the land to the owner of the building.
- Investing to maximise your return or creating a business ?
Leasehold is the right system for you. For th
ose who prefer a more flexible approach or are looking to minimise initial costs, leasehold is an attractive option. This system allows you to lease land for an initial period of 30 years, with the possibility of extending the lease twice, for a total of 90 years of enjoyment. Under this system, you rent the land for a fixed period as explained above. You will be the full owner of the property built on it. The leasehold offers long-term stability and can be a profitable option, especially if you plan to resell the property in the future.
Investing in a property without land ?
You want to buy a property without land. A condominium is the right type of investment for you. A condominium is a flat that is part of a co-ownership owned mainly by Thai buyers. It’s a simple way to invest in your own name and without constraints.
- The advantages of investing in Thailand
Investing in Thailand offers much more than just the purchase of a property. It’s the opportunity to enjoy a luxurious lifestyle in an idyllic tropical setting, with sandy beaches, exquisite cuisine and an incomparable cultural wealth. What’s more, the Thai property market is booming, offering considerable upside potential and attractive returns for investors.
Apart from the simplicity and speed of acquisition, it’s the financial and tax advantages that will make you decide to invest in Thailand.
- Very attractive baht rate
- No property tax
- No council tax
- No inheritance tax
- No double taxation between the country of origin and Thailand
- Low transfer costs
- Low capital gains tax on resale
Conclusion :
Whether you are looking for a second home, rental income or simply an investment opportunity, Thailand offers a multitude of options for foreigners wishing to become property owners, generating strong demand.
With diversified ownership regimes, attractive tax benefits and strong legal security, investing in Thailand is not only a wise decision, but also a rewarding experience.
Let yourself be seduced by Thailand’s bewitching charms and open the door to a future full of promise and endless opportunities.
Publication VPI Pacific of 2 May 2024
