Understanding Thailand's Property Ownership Options
Foreign buyers in Thailand have several ownership structures to consider. Condominiums allow freehold ownership if the building maintains 51% Thai ownership, requiring a Foreign Exchange Transaction form. Land purchases typically involve 30-year lease agreements, with renewal terms varying by contract. Company ownership structures exist but require careful legal structuring to comply with Thai law. Each option carries different tax implications, inheritance rules, and resale considerations. Due diligence should include verification of title deeds at the local Land Office and review of any existing liens. Professional legal counsel is strongly advised before finalizing any property transaction. For detailed ownership comparisons, visit Thailand-Real.Estate.