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LEGAL INFO

Eurothai Service And Consulting Phuket Thailand 11

LEGAL INFORMATION – PROPERTIES FOR SALE AND FOR RENT IN PHUKET

BUYING LAND IN THAILAND

Legal info buy a house in Phuket
Normally the Thai law does not allow a non-Thai person to own a plot of land in his name but does allow him to own a building.

A Foreigner can “own” land by his Limited Company name or purchase the land for 30 years (Leasehold)and have an option to extend the lease for a further 30 years.

For further information with regard to the above you can click on the following Title “Acquisition of Land by Alien”

Acquisition of Land by Alien

CONDOMINIUM PURCHASE IN THAILAND

A Foreigner can buy a condominium in his name (Freehold) or purchase the condominium (Leasehold) or“own” the condominium in his Limited Company name.

For further information with regard to the above you can click on the following link to download “Acquisition of Condominium Unit by Alien”

Eurothai Service And Consulting Phuket Thailand 29

LAND OWNERSHIP IN THAILAND HAS THREE MAIN TYPES OF TITLE DEED

Legal info buy a house in Phuket
Chanote (Nor Sor 4) Full/complete Title Deed (The best option).

Nor Sor 3 Gor Title Deed, the land needs only to be measured and the Title Deed will be upgraded to Chanote (The next option).

Nor Sor 3, the land need measurement and boundary demarcation than the Title Deed will be upgraded to Chanote (The last option).

For any information required on owning /buying a business, working in Thailand please click on the Titles below :

Accounting Act, B.E. 2543 (2000)
Public Limited Company Act B.E.2535
Working of Alien Act B.E. 2551 (2008)

All the above Titles and text are taken from the “Ministry of Land Department” website at www.dol.go.th which was updated on the 1st January 2011, for a more recent update please go to the afore-mentioned website.

DISCLAIMER

All the legal information provided on this website is for information purposes only, we are not intending to be legal adviser or lawyer we recommend our online readers/customers to seek professional consultation before buying or purchasing property in Thailand.