LAND OWNERSHIP IN THAILAND FOREIGNERS
Sale of land in Thailand is not allowed outside companies or individuals fysical person, but that will change if you open a Thai residential company, wholly foreign controlling shareholder. Despite that, the company controlled by Thai nationals and 51% foreign, only 49% is easily achieved complete control over it that the alien's own privileged share (1shares = 1 vote, 1privileged shares = privileged shares of 10 votes). With the help of such foreigner may buy land and houses, to use them, resell, share, build and execute operations in case of inheritance and donation of another company.
Year-round accounting and auditing and the minimum tax for the management of the company is about. $ 1,000.
For apartment and condominium foreigner can own in most cases and have a property registered in its own name. Thus, to use it for an indefinite period.
Land types in Thailand
In Thailand, there are several types of documents on the ownership of land.
CHANOTE
Is the highest land registry. This type of land is fully documented, namely: the exact size, the exact boundaries of the land, all the columns that line dividing the land and the history of the land made on the land..
Nor Sor 3 Gor
Practically equivalent to Chanote. Once the land registry changes sign at the site soil, the land register is automatically transferred to the type Chanote.
Nor Sor 3
Similar Nor sor 3 gor. The differences are such that, the owner of the land must write a letter to neighbors familiar and is the owner.
Sor Kor 1
This type of document means that the land is used for agricultural activity. Cultivation of banana, etc. The plot of this type must not be built!
Por Tor Bor 5
This type means that the owners of this land are leased land only 30 years from the King with an automatic extension to 30 years to a maximum of 90 years per person.
On the island of Koh Tao is just this type of property, the entire island is owned by the King. This island is specific, there is no need planning permission just to report the construction of the authorities.
All land in Thailand it can change over time. Land Registry will issue a statement that the changes in a specific zone of the type of land as Chanote. Types of land as always upwards.
