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Farangs owning property in Thailand..
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06-08-2006, 05:46 PM
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Andoror
Join Date
Oct 2005
Posts
647
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There is a good book that helps you with this problem:
How to Buy Land and Build a House in Thailand
The house can actually belong to you but you cannot fully own the land. Though you can lease it for a number of times. Some people set up a dummy company to get around this. But the authorities are closing the loophole. My house is actually in my company name. When we set up the company they didn't come and check. But I had to send pictures of the company sign at the front of the house and of workers in the office. When I applied for a work permit, immigration actually came and did a surprise visit and took their own pictures. As a foreigner, I need to have four Thai people working in the office. They came to check their id cards. So, be careful if you try to buy a house using a loophole or a way which isn't 100% legal.
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