What a foreigner who wants to buy a house in Thailand should do. According to Thai law, all houses and villas on land must be registered to either a Thai citizen or a company. In this case, you start by registering the company and registering the property in it.
In this case, you start by registering the company and registering the property in it.
What you need to buy a house in Thailand
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If a house or villa is too expensive for you, your best bet is to buy an apartment in Thailand, and you can also take a look at the entire real estate in Thailand in general.
That is, to buy a house in Thailand, registered to a Thai company, then, having drawn up the documents, you will not see your last name in the main document of title. In such a document no changes are made, because the company and the owner remains the same. Changes are made in the company’s articles of incorporation, in which the name of the previous director is changed to you.
The company documents are changed.
When you buy a site, you will have two options:
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- The house is already registered to a Thai company and you just change the documents.
- The house belongs directly to a Thai citizen. In this case, the procedure is a little more complicated, first the Thai formalizes the company in which he becomes the director, then changes in the documents as in the first option.
When opening a company to buy a villa in Thailand, the share capital is not contributed in fact, if the company with the share capital does not conduct activities and submits zero balance sheets, then, of course, no liability it can not arise before anyone. Consequently, the house is not a pledge.
Company selection
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When you are a few steps away from buying a home, there is an equally crucial moment of choosing a firm to provide legal support for your transaction. There are hundreds of proposals from a variety of law firms, all with different prices and different timelines. By contacting them, in the end, you will get into your hands all the necessary documents and become the owner of the house in Thailand.
But there is always the question of communicating with the Thai staff and understanding what kind of documents you got your hands on. If we say that Russian tourists in Thailand do not speak English very well, the same can be said about the Thai lawyers.
The same is true for Thai lawyers.
Conclusion
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In order to buy a house in Thailand, make the deal with the firms that have Russian-speaking lawyers, it is better that they are native speakers of the language, then you will get detailed answers to all questions, and you will be aware of all the nuances of your transaction. After you become the owner of the long-awaited housing, it is recommended to read the cost of utilities for it.
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