| What are the Thailand real estate hunter's | | | | registered owner is the foreigner who also owns |
| options? Are there legal mechanisms that may | | | | the majority of the voting rights. |
| allow foreigners to secure guaranteed and | | | | Option 5: |
| uninterrupted access to the land and use of the | | | | 30 Year lease with option to extend the lease. |
| land for his lifetime? | | | | This is probably the preferred method for most |
| Option 1: | | | | foreigners. The foreigner buys the land in a Thai |
| 1 Rai of land - 40 million Baht in Thailand. | | | | citizen and leases it back from the Thai citizen for |
| A foreigner may be allowed to own up to 1 Rai | | | | 30 years with option to renew. Many foreigners |
| of land in his/her name if he/she brings 40 million | | | | choose this option with their Thai spouse. |
| Baht into the country. Conditions apply. | | | | Which is the best option for you? |
| Option 2: | | | | You will be best advised to consult a law office in |
| Long-term lease from current owner. | | | | Thailand. Legal fees are a fraction of the cost in |
| This option is also known as 'never ending' lease | | | | most western countries but in the long run will |
| option by the owner. The lease agreement will | | | | save you money and minimize your investment |
| specify negotiated balloon payments at 1, 3 or 5 | | | | risk. |
| years intervals. This may be a good option if the | | | | In tourist areas you will have no problem finding |
| leasee does not want to commit a large amount | | | | law firms with experience and a good reputation. |
| of money up front. | | | | If you are moving to a rural area you may have |
| Option 3: | | | | a more difficult time to find a law firm but you |
| Other land owner ship and right of use methods. | | | | can still work with a larger company from |
| This is a right to enjoy and use advantages and | | | | Pattaya, Bangkok or other areas. |
| benefits of property belonging to another entity | | | | The research and finding the right law firm to do |
| as long as the property is not altered or | | | | business is may be one of the most important |
| damaged. | | | | tasks. Legal fees are inexpensive compared to |
| Option 4: | | | | many western countries. A land deal may cost |
| Creation of a majority owned company. | | | | around 15- 30,000 Baht but this investment is |
| This method may be more of an expensive and | | | | necessary and may save you a lot of trouble and |
| fairly complicated one. The foreigner owns 49% | | | | money in the long run. |
| of shares and Thais own 51% of shares. The | | | | |