Do you have a large family and want to go on vacation to the sea together every year? To avoid depending on hotel rules, live by your own schedule, and even bring your pets, purchase a house on the seashore.
Thailand in recent years has become a country that offers excellent conditions for foreign citizens when buying real estate. Pattaya has won special love among Russians - a convenient, inexpensive, beautiful and safe city on the shore of the Gulf of Siam. So what do you need to buy a house in Pattaya?
Conditions for purchasing a house in Pattaya by foreign citizens
If you want to purchase a house or townhouse in Pattaya together with the adjacent land plot, you will have to register the purchase in the name of a Thai citizen or a company whose owner is a citizen of this country, since land here is sold only to Thais.
It seems that such a transaction is unprofitable for the buyer, but in fact, the scheme of such sales has long been established and includes several stages:
Registration in Thailand of a company, 51% of which belongs to a local resident, and the remaining 49% to a foreigner. In fact, the company will belong to the foreign investor, who will manage it, while the Thai co-founder will only play the role of owner.
Real estate purchased through such a company will be considered company property, but will actually be owned by the foreign citizen.
In the name of a Thai company, you can buy an inexpensive apartment in Pattaya that is in the Thai quota. When a new building is delivered, 51% of the housing is allocated for local residents, so a foreigner cannot buy it independently. If you like an apartment that is in the Thai quota, you can use the scheme of buying real estate in a Thai name.
By purchasing property in the name of a Thai company, you will receive a number of advantages:
this is the only way to become the owner of a house with a land plot;
apartments in the Thai quota are 15% cheaper;
you can purchase many properties for rent;
acquisition of real estate in a Thai name is not declared in Russia.
Assistance in purchasing real estate in a Thai name
Without experience in opening a company in a Thai name, it is better to contact specialists to avoid problems with local legislation.
Leto Real Estate agency has extensive experience in the real estate market. The company's specialists will help you register a company and purchase property in its name. Moreover, the entire procedure will be accompanied by professional company employees until the moment you receive the keys.
Tell us about your dream home, and we will help you buy it!
