How to obtain permanent property rights by investing in Thai real estate? What is the process of buying real estate in Thailand?

How to obtain permanent property rights by investing in Thai real estate? The difference of property rights between apartment buildings and villas: However, there are several factors to remember when buying real estate in Thailand, the most important of which is that foreigners cannot own land resources under their family names.

According to Thai laws, real estate developers only sell 49% of the building area to foreigners, but the other 5 1% must be sold to Thai China citizens or Thai enterprises. From the price list of real estate developers in Thailand, we can often see different types of prices or different types of additional payment methods.

It depends on whether the apartment building for sale belongs to "foreign quota system" or "Thai quota system". If the apartment building purchased by investors belongs to the "foreign capital quota system", then the apartment building will be registered in the land registration unit in the name of the buyer, and the customer will have the permanent property right of this apartment.

Only by setting up a company can you buy a villa. If you buy a villa, it is another matter, because the villa is sold together with the land resources it occupies. Therefore, there is no absolute "foreign capital quota system" option for buying villas. But this does not mean that foreigners can't buy villas in Thailand-in fact, on the contrary, many villas in Thailand are owned by foreigners. In most cases, such foreigners have lived in villas for decades.

The way for foreigners to own villas is to realize a Thai enterprise with the sole purpose of buying a house. Foreigners can own 49% of the company's shares, and the other 5 1% is owned by nominal shareholders. This makes some customers feel anxious, and they worry that this nominal shareholder is likely to unite to "wash away" their assets. But there is no risk of these problems, because the shares of foreign users are "warrants" and their voting rights are ten times or even hundreds of times that of nominal shareholders in Thailand.

In addition, responsible independent tutors in Thailand can help clients establish a Thai enterprise with the purpose of owning real estate, including finding the necessary nominal shareholders. In Thailand, the cost of establishing such an enterprise is about 50,000 baht (9,350 RMB), including the expenses of all government departments, and then the enterprise needs to pay about15,000 baht (2,800 RMB) every year to submit the necessary annual final accounts.

According to Thai companies, one of the advantages of buying real estate is that if investors want to sell real estate in the future, they can sell all enterprises to new customers, not the real estate owned by enterprises. In that way, when transferring the property, neither party has to pay income tax.

What is the process of buying real estate in Thailand? After confirming the purchase of the property, the developer will ask you to pay an advance payment of about 5000- 10000 baht to confirm your willingness to purchase the property. The actual amount of advance payment depends on the developer and the room type to be purchased. Generally, the advance payment is non-refundable, so customers should think twice before buying a house!

Real estate developers in Thailand require a down payment within 7- 15 days, and the down payment ratio is generally 15-30%. The actual proportion depends on the relevant regulations of each developer, and the down payment needs to be remitted from overseas to the private account issued by the individual in Thailand or the developer.

Announced the signing of a house purchase contract. You can find a reliable agency to help you review the purchase contract. In the future, it depends on the agreement of the developers, whether it is monthly or quarterly installment payment, or finally take the balance of the house payment. Tip: users who purchase prospective existing homes generally need to complete all remittance procedures within 30-45 days!

When you buy a house and hand it over, the developer's new house acceptance unit will ask you to accept the new house in advance, and then prepare the document transfer after confirming the quality of the house is correct; The details of the new house acceptance are relatively rough work. Because the acceptance criteria of each design institute are different, I won't list them one by one here, just make a concrete analysis of the specific situation.

Apply for transfer. Before the transfer, you can draw a bank draft (balance) at the bank counter to pay the developer. By the way, you can ask the financial institution to issue a remittance certificate for you (confirm that this large sum of money is reasonable and legal, and buy XXX house number with foreign exchange certificate), and then bring your personal passport, house purchase contract and remittance certificate to the land and resources department for transfer. In this way, you can ask the agency to accompany you to the land and resources department for transfer, or authorize the developer to help you transfer (on the basis of your trust).

Generally, the expenses incurred in purchasing a house include transfer tax (2%, both parties 1%), contract stamp duty (0.5%, paid by the seller), special business tax (3.3%, paid by the seller), building stock fund fee (one-off, paid by the buyer), water and electricity meter fee (paid by the buyer) and property management fee (paid by the buyer).

Measures for the management of entrusted lease of key decoration in Thailand: after the transfer, you can decorate your house indoors; Generally, the delivery specifications of Thai houses are hardcover rooms, except for a few developers who promise to send home appliances and furniture; You can design a house according to your favorite style, or you can buy a developer's furniture bag, depending on your convenience.

After the interior decoration is completed, you need to settle down and entrust the rental management method. If the lease management mode is entrusted, a more professional (customer-oriented) (Hu) agency agency can be entrusted to carry out the lease management mode.