Earn profits through real estate investments

Investing in real estate in Thailand can bring you profitable returns. In Thailand, foreigners will not be required to pay taxes after selling their properties to private buyers. There are many regulations related to property in Thailand. The first step in buying real estate is to find a house in Thailand. You can seek the help of a real estate agent if you can’t seem to find a property in Thailand. Many foreigners are interested in buying houses in Thailand but are not familiar with the procedure. You must hire a lawyer registered in Thailand when buying houses. Many foreigners face problems after buying houses in Thailand because they are not aware of the regulations.

Before buying property in Thailand, it is important that you understand the local regulations. In Thailand, foreigners can register ownership of property in their name for residential purposes. The maximum size of property that a foreigner can own cannot be more than 1 Rai. If you want to benefit from investing in Thai real estate, you need to prepare no less than 40 million baht. The 40 million baht must be transferred to a Thai bank account. You must obtain the permission of the Minister of the Ministry of the Interior.

After you have purchased property in Thailand, you can set up a Thai company. It is important to consult a registered Thai lawyer regarding the purchase of property before putting your signature on a document. Since foreigners cannot own a house in their name, they must create a company. By establishing a Thai company, you will be able to register ownership of the house in the name of your Thai company. There are many different types of business entities that foreigners can register in Thailand. There are some criteria that you need to meet when setting up a limited company in Thailand. American real estate buyers must obey the rules of the Thai Treaty of Friendship. It is recommended to check with the corporation tax regulation before owning a house.

The property you bought in Thailand cannot be resold within a period of 5 years. After 5 years, you can sell the property to a buyer and benefit from the sale. Foreigners can secure ownership of a property in various ways. Foreigners can own a freehold condominium. You are allowed to own a freehold condominium if you have less than 50% ownership. The company’s share capital is divided into 2 classes, including common shares and preferred shares. By dividing the share capital into 2 classes, you can preserve the interest of foreign investors. When a foreigner buys the condominium, he will receive a document showing that he owns less than half of the property after the sale. Since recent years, there have been exceptions to this law. However, the law has now returned to its original state.