Investment requires some understanding of legalistic language. While you can definitely tap the skills and expertise of a legal advisor on your team, it is best if you also have the basic knowledge at the least of what the terms are. more
Investing in your own property for your retirement, or at any point in your life, is certainly a good move that you can make. Having your own real estate property not only gives you the means to secure your own needs for shelter; in some cases, real estate can be a source of income for its investors. more
It makes sense for a businessman like you to want to invest in real estate in Thailand. For instance, you might want to acquire land to develop into a commercial property for your offices, or to lease it to other businessmen so you can earn extra revenues for your company.
If you’re a local, then that’s not a problem. However, if you’re a foreigner, then you’ll have to take into consideration some aspects especially the legal side of the acquisition. Here are some of the things that you’ll have to bear in mind when investing, as a businessman, on real estate in Thailand. more
As a foreigner, a condominium is the one piece of real estate that you can easily get your hands on. This is because Thai real estate law allows for the ownership of a condominium unit by a foreign national, as long as the remaining 60% of the number of units in a condo project are allocated for local Thai homeowners.
This means that only 40% of a project is available for purchasing by a foreign national and, when that 40% has been sold up, no more units can be sold to foreign buyers. more
Thailand is indeed one of the best places in which to invest one’s money for business or for retirement. One of these methods of investment is to acquire real estate property in the country. That should always be part of your business plans as an entrepreneur – when your business grows in size, your long term plans for Thailand should include an investment in real estate.
Of course, as a foreigner, Thai law restricts your access to real estate in order to favor the locals more. However, if you’re a businessman, or at least an owner of a company that makes significant contributions to the economy in Thailand, more
Everything is subject to taxation. The most common form of taxation, as employees will ultimately learn, is the income tax. The concept here is that, if you earn something, the government will get its fair share from you in the form of taxes. Hence, this also applies to real estate. If you sell your property, you will have to pay taxes imposed on your earnings as a property owner.
Let us learn more about the taxes that are associated with the sale and purchase of real estate property in Thailand. more