We can help you through the formalities of acquiring properties or businesses in Ko Samui.
Property AcquisitionUntil recently it was considered by most legal advisors that the ownership of land by a foreigner through a Thai Limited Company was acceptable, although the Law clearly states that foreigners per se cannot own land. Direction from the Government has now clearly stated that such ownership may be illegal. The legitimacy of such ownership depends on the status of the Thai Shareholders who must be shown to be active and financially participating shareholders. The alternative method of acquisition is by entering into a 30 year lease on the land. Options for further terms cannot exceed a further 30 years and may have no value even if registered. An option with a management company is however in our opinion more secure than with an individual. Any building on the land can be owned by a foreigner personally and registered as such at the Land Office. Currently we are seeing Lawyers creating various structures of ownership which they regard as acceptable within Thai Law. We would not argue with the Lawyers, but our opinion is that until clearer guidelines are established by the Government, foreign buyers would be advised to enter into the 30 year lease of the land and include an option to purchase at an agreed figure, or extend the lease if such extensions become available, should the law change favourably in the future.
LeasingWhether you are an owner or a tenant we can advise you on all aspects of leasing property in Ko Samui. From short term holiday rentals to long term residential leases, let us guide you through the process.
BusinessesHotels, resorts, restaurants and bars are available and require special care in their acquisition. Checking the title to the individual property is just part of the formalities we can help with as well as licenses and work permits.
Other Legal ServiceCompany formation, Work Permits, Visas, etc. can prove frustratingly difficult to obtain without the proper professional help. Let us advise you on the best way to overcome these problems.
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