How Can Foreigners Buy Property in Thailand?

How you can legitimately own a condo, lease a house or land, and navigate the Thai property market as a foreigner.
Contact me for the best real estate opportunities in Thailand 👉 jettgunther.com

[@KwameFly90]

I hope that never changes, the people of the land own it more then foreigners

[@logicalthoughts]

Thank you for this information. Thailand and Malaysia are my two top choices to retire in in the next few years.

[@garywright8846]

Do not buy, Rent

[@leotravel85]

Great clarification, thanks

[@keithss67]

Good clip. Very informative

[@mangostickyrice555]

Thumbs up 👍 Jett

[@rickydofficial]

Very professional thank you for the great insight!

[@JettGunther]

Glad it was helpful!

[@jamyDodger]

​@@JettGuntherI'm looking into buying somewhere cheap in thailand to rent out to tourists. If I set up a business to include a Gardner, cleaner, accountant and letting agent for example can I buy property and set the contracts up so they have no right to the land? If I rented say a 3 or 4 bed out per week would I fill it. Is there a demand? What is average weekly rental income? What are taxes like?

[@scottiebumich]

The 51% thai ownership is just a loophole. You set up a company with 51% thai ownership but 0% voting rights. Set up the contract such that 100% of voting rights + 100% cash flow and economic gains go to you. I'm shocked how you just forgot to mention this.

[@bayernfan6413]

He most probably didn’t mention it because it is illegal in many ways (circumvention of the Foreign Corporations Act, nominee business, false corporate goals), and once the authorities are after you, there is no argument you can use to get out of trouble

[@scottiebumich]

@@bayernfan6413 not really. As long as you rent your spare rooms occasionally and hire 4x thai employees your legal 100%

[@mr.marvelousmess6986]

Illegal and has no standing. Many farang are stressed these days trying to unwind starting a business to acquire a villa and now nobody will touch it.

[@scottiebumich]

@@mr.marvelousmess6986 um no

[@bayernfan6413]

@@scottiebumich If you run a true rental business and live in the place yourself some of the year, that's not a problem. However, this is not what most people want. If you started the business only to provide ownership of a property to a foreigner, this is not a permissible business goal, and your official goal does not reflect the truth behind the real motivation. Besides, the goal of any business is to make money, which is not the case with these constructions. Also, employing 4 Thais is a requirement for hiring a foreigner, which has nothing to do with owning land and running a bogus company. In Phuket, police recently raided 44 real estate businesses. Just because you got lucky and didn't get in trouble doesn't make it legal.

[@tonmoydasthomogno]

very nice video

[@yanassi]

I would never buy a house if i can’t own the land it sits on. I wouldn’t need acres, but a small lot with a garden and perhaps a pool should be acceptable to thailand or philippine governments. Anything else is risking a lot of money. In fact not being able to own land, encourages people without substantial money to come to these countries.

[@afcesuh6108]

Im beginning to like the idea of leasing the land .

[@nuovovideo]

can be opened a company for rent, so that legally the company is right? so maybe 3 o 4 apartment for rent and a House to live?

[@rodneybradbury2880]

Sooner they change the foreign ownership laws the better. Should be able to buy a house and land there not everyone wants to live in a condo. The Thia people can buy a house outright here in Australia no conditions.

[@JettGunther]

Many countries have regulations barring foreign ownership of property. Even New Zealand has very strict rules compared to Thailand.

[@singas2854]

That’s because the government in Australia don’t care who they sell to

[@heshboi]

No. Why should they become unliveable hellholes like western countries where foreign ownership contributes to ruined local generations. Thai laws should stay the same and make it extremely difficult for foreigners to come in and screw over the locals out of a basic human necessity like shelter.

[@jamyDodger]

I'm wanting to buy to let in Thailand as cheap as I can. Does this mean I can't own a house and garden and pool? To rent?

[@hr64dice]

Planning on moving in 3 years to Chiang Mai. We want a house not a condo what are the speculations for expats being able to own land? Thanks again and love your vids

[@PloyandJayinThailand]

As a foreigner, you cannot own land in Thailand. However, many ex-pats build houses all over Thailand with their Thai partners. Other “not that good options with high risks” are land leasing or building a Thai company that owns the property. Search for a reputable lawyer before making any moves.

[@garywright8846]

My advise is always Rent, plenty of long term rents about.

[@sammygoh]

Is there a lawyer i can hire to check out multiple condos I might be interested in, and find out the legality status of each of them before I make an offer? Are all condo 'free hold'? Thx for your videos. Any help much appreciated.

[@JettGunther]

Go to jettgunther.com and scroll down a bit

[@calky360]

What exactly defines a condo with the whole 50/50 foreign ownership thing? Is it specific to the deed type of the property? Is it generally only newer developments that allow this?

[@JettGunther]

All legitimate condos that are in compliance with the Condominium Act allow for 49% of its total livable area to be purchased by foreigners. If it’s a well known condo by a reputable developer, it’s legit. Can have a lawyer double check if you want to be extra careful.

[@professionalcheekclapper7608]

I just wanna buy a house 😢

[@CryptoNerd91]

Didn't knew condo can be owned fully under certain circumstances. Thanks for sharing this. Does fully owning a condo directly lead to thai elite visa?

[@mixalis6168]

Know many Foreigners who own condos and Villas

[@JettGunther]

Not really. Very few developers offer that.

[@CryptoNerd91]

@@agentsmith2798 Thanks for sharing this

[@JettGunther]

@@agentsmith2798 Most condos do not participate in the Elite Visa Flexible One program that you're alluding to. The ones that do usually have trouble selling and are looking for ways to sweeten the deal. Yes buying a condo has more purpose for the LTR, provided that you're also able to meet the visa's other requirements, most notably the income requirements. Can see this video for more info kzbin.info/www/bejne/m6fVpnurhauLic0

[@user-oe7gc5py4c]

better to rent luxury condo, no more villa ambition.

[@Tommytorque69]

Can the funds be already in my Thai bank account and then transferred to the developer?

[@JettGunther]

That's complicated. You'll need to ask your bank to issue a certificate that says you had transferred the money from abroad to your Thai bank account for the purpose of purchasing property. So if you can pull it off, then sure.

[@wagwon1297]

If I have a criminal record in Canada can I move to Thailand and buy a condo to live and work there? I’ve been looking at getting my elite visa the 20 year one I just want to know if I could because I would love to move there

[@JettGunther]

You're probably fine depending on the offense. The Elite Visa seems to be the most strict about criminal records.

[@leobarnet3662]

what happens if the amount of foreigner owned condos changes after say 5 years?

[@JettGunther]

It’s like musical chairs. If the foreign quota in a given condo is full, you will need to wait until one foreigner sells his unit, and then you can take up his quota.

[@maxianoacosta]

i gave a question here.. what if i buy a house with a thai person 49% mine and 51% to the thai person... but the thai person is older much older then me. then that thai person dies of old age. who gets that house from the thai person?. will i have 100% ownership after that? will the thai government get that 51%? will fall into the wrong greedy hands?

[@JettGunther]

Sorry this is best to discuss with a lawyer as there are many nuances : tally.so/r/3qLaYg

[@maxianoacosta]

@@JettGunther but just what you would think.. i dont own in thailand.. but just an idea of what could happen

[@rayodesoona750]

asThai. It will never fall into foreign hands. The house will belong to the children or heirs of the original owner. If he has no children or heirs will belong to the government

[@p.armour4907]

Would it be possible as a foreigner to put the land under your thai child's name?

[@JettGunther]

Yes. It’s done a lot.

[@waynedrummond6583]

Not in perpetuity, as the condo itself will fall over before then...

[@JettGunther]

Sure, but the point is it’s the exact same property right as owning a condo in one’s home country, and condos in all countries eventually fall.

[@waynedrummond6583]

Exactly. Land can be owned in perpetuity as it's likely always gonna be there. The word is incorrect as you have used it, without a dsiclaimer

[@JettGunther]

@waynedrummond6583 good point

[@waynedrummond6583]

@@JettGunther I'm nothing if not pedantic. 55555

[@Cybertokyofilms]

Better to own the condo to not snakes, spiders and scorpions in your place. Her high floor

[@retire14pattaya9]

Don't want a condo.

[@garywright8846]

All great, but wait until you sell, the bank will not release the money even with the proof you transfers it legally, then my Thai l partners” ( that’s a joke would not sign off until I gave them a massive pay off. DO NOT BUY, RENT.

[@JettGunther]

Resale transactions are conducted every day with no problem whatsoever, so what is the reason why the bank won't release the money in your example? Regarding a Thai partner, foreigners can 100% own condos without needing a Thai partner, so why did the person in your example do so using a Thai partner, and why give them such authority to begin with?

[@garywright8846]

@@JettGunther it was a villa, so land involved they had 51% B shares, non voting but came the time,they refused to sign, nothing to do with authority, they just refused, what can I do about that. They wanted 1 million THB each, in the end my lawyer got them to agree half even though I was paying them a six monthly dividend on a non profit making g business. Nothing is as it seems in Thailand, I still say DO NOT BUY RENT.

[@JettGunther]

It's unfortunate to hear that, but the reality is that foreigners are not allowed to own land in Thailand. Trying to circumvent this using a company is grey area at best and illegal at worst. This is a different issue that shouldn't be grouped in with legal property ownership in Thailand. On the other hand, foreigners who have owned property legally have always had their property rights fully protected in Thailand. See "How to Protect Your Property Ownership Rights in Thailand" kzbin.info/www/bejne/nZLHoZaNecd8r7csi=SAbPg-MHUEzPSMib

[@maxianoacosta]

owning a condo is not owning property.. i want to ouw a house with my own yard to plant vegetables and raise chickens

[@JettGunther]

Check out this video kzbin.info/www/bejne/q4C2mWh_ht-Xe5Ysi=vJYNVvOhmOIpYP5H

[@adotholland22]

expats cant buy land in thailand

[@EffectiveLearning-ek6vo]

I am an Indian I want to buy a condo in Thailand