1, Chinese people can buy condominiums in Thailand, but not villas or town houses.
For condominiums, Thailand allows the sale of 49% of the building's saleable floor area to expatriates in the form of property rights, and the remaining 51% must be sold to a Thai citizen or a Thai company. The remaining 51% must be sold to a Thai citizen or a Thai company. All houses are freehold and there is no property tax or inheritance tax.
The 99 year old condominiums on the market are actually unscrupulous agents selling to expatriates what should have been sold to Thai citizens or Thai companies, with only leasehold rights.
2, expatriates who want to buy a villa or land in Thailand have to register a company and then buy it in the name of that company. Registered Thai companies have 2 kinds:
1, BOI wholly owned company, wholly owned by foreigners, foreign shareholders own 100% of the equity, the application for BOI requires a registered capital of at least 10 million -200 million baht, cumbersome application time of at least 3 months
2, Sino-Thai joint venture, registered capital of at least 1 million baht, at least 3 shareholders, at least one of which is a Thai! And the Thai's shareholding is not less than 51%.
So if you want to buy land or villa in Thailand, you'd better do the following:
1, hire a professional legal advisor
2, look for a professional overseas property company
3, make sure that you have full control of the company as well as the property
3, the property belongs to the fixed assets, and its liquidity is comparatively bad and so there is a certain amount of liquidity risk.
Investment in Thai real estate should be rational investment, short-term speculative investment is not recommended, long-term investment in Thailand at present, rental income can reach about 5% per year, asset value added at about 10% per year.
4, the developer is not reliable
To improve the liquidity of the house, then the location of the house and the developer and the property are factors that need to be considered rationally.
5, Thailand is a non-immigrant country, so buying a house is not immigrant
Buying a house in Thailand can not get a long-term or permanent residence, can only use the tourist visa or pension visa, work visa, student visa. 50 years old and above can get a pension visa, work visa and student visa are more troublesome.
6, if it is an investment in the purchase of housing to consider the late rental of housing
While Thailand's condominiums are better rented not all places are good rental can get a good rate of return, and then it is best to be handed over to a professional asset management company, or you personally to take care of it is to consume a lot of human costs
7, the authenticity of the information
These are the reasons for the lack of information about the company, the lack of information about the company and the lack of information about the company's activities.
Not to exclude the existence of some domestic fraud companies, so it is best to site visits, the house from the subway in the end a few minutes to go, the surrounding living facilities, etc.
8, the risk of funds out of the country
The country for the investment of overseas real estate is the control of funds, so remittance of money out of the link to pay attention to a number of matters, such as consumer/medical/shopping remittance of the name, etc.
This is the first time that I have ever seen a real estate company in the United States.