Property ownership in Thailand: Just about the main
Buying property in a foreign country may seem like a difficult process, but in Thailand everything is transparent and logical. There are two main ways of owning real estate that are fully protected by law.
1. Leasehold - Long-term ownership
Lysholds are often confused with regular rent, but this is not the case. This is a legally protected title, which is registered in your name with the State Land Department.
* Trustworthiness: Your name is written in the official document (License). This makes the ownership scheme completely transparent and legal.
* Term: A contract is usually concluded for 30 years with the right of double extension, which in total gives 90 years.
* Benefits:
* Simplicity: You do not need to register a legal entity, you own the object as an individual.
* Savings: The taxes and fees on registration of leasing are significantly lower than for other forms of transactions (only about 1.1%).
* Freedom of action: You have the full right to sell, give away or transfer your rights to an object to other persons.
2. Freehold (Freehold) - Full ownership
Freehold is a classic form of ownership without time limit. You own the property indefinitely and can inherit it.
* For apartments (condominiums): Foreigners can own the apartment directly in their name, if the building is respected "foreign quota" (no more than 49% of the project area).
* For villas and houses: Since by law a foreigner cannot own the land directly, purchase of villa to freehold usually takes place through registration of Thai company.
* Benefits:
* Perpetual: The object belongs to you forever.
* Liquidity: Fully owned properties often have a higher resale value.
* Capitalization: This is a great option for building up a family asset for decades to come.
What should I choose to buy from Samui?
The choice of ownership depends on your goals:
* If you are buying a villa for living or investment: Lyzhold is the simplest and legally purest way. You get full protection of your rights by the state without having to deal with company management.
* If you buy an apartment: Freehold is a priority option, as it allows you to register ownership directly in your name as quickly as possible.
Important to know: Whatever form you choose, both schemes are perfectly legitimate and widely used by international investors on the island of Samui.
Lysholds are often confused with regular rent, but this is not the case. This is a legally protected title, which is registered in your name with the State Land Department.
* Trustworthiness: Your name is written in the official document (License). This makes the ownership scheme completely transparent and legal.
* Term: A contract is usually concluded for 30 years with the right of double extension, which in total gives 90 years.
* Benefits:
* Simplicity: You do not need to register a legal entity, you own the object as an individual.
* Savings: The taxes and fees on registration of leasing are significantly lower than for other forms of transactions (only about 1.1%).
* Freedom of action: You have the full right to sell, give away or transfer your rights to an object to other persons.
2. Freehold (Freehold) - Full ownership
Freehold is a classic form of ownership without time limit. You own the property indefinitely and can inherit it.
* For apartments (condominiums): Foreigners can own the apartment directly in their name, if the building is respected "foreign quota" (no more than 49% of the project area).
* For villas and houses: Since by law a foreigner cannot own the land directly, purchase of villa to freehold usually takes place through registration of Thai company.
* Benefits:
* Perpetual: The object belongs to you forever.
* Liquidity: Fully owned properties often have a higher resale value.
* Capitalization: This is a great option for building up a family asset for decades to come.
What should I choose to buy from Samui?
The choice of ownership depends on your goals:
* If you are buying a villa for living or investment: Lyzhold is the simplest and legally purest way. You get full protection of your rights by the state without having to deal with company management.
* If you buy an apartment: Freehold is a priority option, as it allows you to register ownership directly in your name as quickly as possible.
Important to know: Whatever form you choose, both schemes are perfectly legitimate and widely used by international investors on the island of Samui.
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"SL Ocean Property" co.ltd
10/11, Moo.5, T. Bophut, Koh Samui, Surat Thani Province, Thailand.
84310 TAX ID 0845566003101
10/11, Moo.5, T. Bophut, Koh Samui, Surat Thani Province, Thailand.
84310 TAX ID 0845566003101