A: Non-Thai nationals can own property in Thailand, but there are certain restrictions and requirements that apply. Here are the main ways in which non-Thai nationals can own property in Thailand:
It is important to note that the process for purchasing property in Thailand can be complex and may involve legal and other fees. It is advisable to consult with a lawyer or real estate agent for more information and to ensure that the process is completed correctly.
A: It's simplest to think about property ownership in Thailand in two parts: the building and the land. With a leasehold, the buyer owns the building and the seller/developer (often a company) retains legal freehold ownership of the land and grants the buyer exclusive rights to use and occupy that land for a period of 30 years. The initial term may be renewed for upto 2 more 30 year periods (for a total of 90 years). Leasehold agreements are registered with the land office and are a binding legal agreement under Thai law.
It is important to carefully review the terms of a leasehold agreement before purchasing a leasehold property in Thailand, as the rights and obligations of the leaseholder can vary depending on the specific terms of the lease. Change Samui Real Estate helps you connect with a local attorney to ensure the leasehold agreement is executed properly and protects your rights including your rights to sell or transfer the property to another party and your rights of succession to your heirs.
A: The Long-Term Retiree (LTR) visa is a type of non-immigrant visa available to foreign nationals who are over the age of 50 and wish to retire in Thailand. To be eligible for an LTR visa, you must meet the following requirements:
To apply for an LTR visa, you will need to submit the required documents and fees at a Thai embassy or consulate in your home country or at the local immigration office in Thailand. The LTR visa is valid for one year and can be renewed every year.
Note that the requirements and process for obtaining an LTR visa may vary depending on your specific circumstances and the location where you apply. It is advisable to consult with the Thai immigration authorities or a lawyer for more information.
A: To become a permanent resident of Thailand as the spouse of a Thai citizen, you will need to follow the process outlined below:
NOTE that the requirements and process for obtaining permanent residence in Thailand may vary depending on your specific circumstances. It is advisable to consult with a lawyer or the Thai immigration authorities for more information.