Well-informed investment decisions in Phuket Real Estate

Foreigners can:
— buy a fully owned apartment (condominium) (Freehold);
— apply for a long-term land lease (Leasehold);
— own a building built on leased land.

There are restrictions for other types of real estate, but in such cases it is possible to register property through a Thai company.

Freehold means full ownership of real estate without time limits. The owner has the right to sell, rent or inherit the property.

Leasehold is a 30-year long-term lease with the right to renew twice for 30 years, so all leasehold rights can be retained for up to 90 years. Leasehold can be sold, leased, or inherited.

The choice of ownership depends on the purpose of buying the property: Leasehold (long-term rent) is suitable for those who consider the property as an investment with the possibility of further resale. This form of ownership simplifies the sales process and reduces tax costs.

Freehold (full ownership) is suitable for those who are planning long-term ownership of a property or want maximum legal protection for their rights. Freehold is often chosen for personal residence or long-term investment.

We can also help you register full ownership if you want to buy land.

On the primary market:
1. Passport.
2. Reservation agreement.
3. Purchase and sale contract.
4. A document (receipt) received from the developer confirming the transfer of funds from abroad.

On the secondary market:
1. Passport.
2. Purchase agreement.
3. Title deed (Chanot).
4. Certificate of payment of all taxes and fees related to real estate.

Yes, checking legal purity is one of the main stages in making a deal. The company's legal department protects the interests of our clients, conducts a full legal review of all developer documents and checks the contract for compliance with Thai legislation.

Yes, the deal can be made by proxy. To do this, the power of attorney must be certified by a lawyer or notary. This is convenient if you cannot personally attend the registration of the transaction at the Land Department.

The buyer receives a number of documents, including:
— purchase agreement;
— proof of ownership;
— tax and registration receipts;
— certificate of conformity for new buildings.

These documents confirm the legality of the transaction and the rights of the new owner.

Owning a property does not automatically guarantee a visa, but in some cases it has the following advantages:

Investor visa: Foreigners who have invested at least 10 million baht in real estate, government bonds, or bank deposits can get an annual visa.

Elite Visa: a program that provides stays of up to 20 years for a fixed fee. Owning a property can be an additional advantage for obtaining this visa.

Residence permit: Owning a property may be one of the criteria when applying for a resident visa.

There are several types of visas to enter Thailand, depending on the purpose of stay.

Each visa provides different rights, including the ability to work, extend your stay, or invest in the economy:

Visa on Arrival (VoA): for a period of 15-30 days for citizens of certain countries.

Tourist Visa (TR): up to 60 days, renewable for 30 days.

Non-Immigrant Visa (Type B, O, or ED): valid from 90 days to a year, suitable for business, work, family visits or studies.

Retirement Visa: designed for people over 50 years of age with proof of financial stability. It is issued for 1 year with the possibility of annual renewal.

Investment Visa: is issued when investing in real estate, the economy or a bank deposit. It is issued for 1 year with the possibility of annual renewal.

Elite Visa Program: provides a long-term stay in Thailand with multiple entries and other benefits. It provides a stay of 5 to 20 years, depending on the chosen program package.

Digital Nomad Visa: gives the right to reside for 5 years with multiple entries and is intended for remote workers and freelancers.

A Permanent Residence permit can be obtained if you have lived in Thailand on a long-term visa for at least 3 years. The permit allows you not to renew your visa every 90 days and move freely around the country. The main conditions are:
— stable income;
— ownership of assets, such as real estate;
— payment of taxes.
Owning a property can strengthen your application.

Citizenship is more difficult to obtain. The main conditions are:
— living in Thailand for at least 5 years with a permanent residence permit;
— financial stability and confirmed investments in the economy.
Owning a property can be seen as one of the advantages, but it is not the main criterion.

Taxes and fees in Thailand depend on the type of property, type of ownership and terms of the deal.

Primary real estate. The buyer usually pays fixed fees, the amount of which depends on the type of registration (Freehold or Leasehold).

Secondary real estate. Resale conditions vary depending on the original contract and the form of ownership. Standard taxes and property transfer fees apply to Freehold. Leasehold has simplified schemes with fixed payments.

Once you buy a property in Thailand, you may experience the following recurring costs:

— Utilities: electricity, water, internet.
— Maintenance Fee: monthly or annual payment for the maintenance of common areas, such as swimming pool, security, cleaning.
— Real estate tax: depends on the purpose of the property, ownership and value.
— Repair and maintenance: minor repairs, maintenance of air conditioners and other systems.
— The management company, if the property is leased: the management fee is calculated as a% of income.

Mortgages for foreign buyers are available through some banks, but they are difficult to obtain. Usually, the bank requires a down payment of 30-50% and proof of income. But there is an alternative — installments from developers with a flexible payment schedule, which simplifies the purchase process.

It is not necessary to open an account, but it makes it easier to manage finances, pay utility bills and maintain real estate. A bank account is needed to obtain a mortgage if it is issued through a Thai bank.

The concierge manager provides a wide range of services, including:

Reservation and organization of services: car hire, restaurant reservations, tickets for events and excursions.

Ensuring household comfort: organization of cleaning, minor repairs, delivery of groceries and other goods.

Leisure planning: assistance in choosing places for recreation, sports activities or family activities.

Transaction support: organization of property viewings, assistance in preparing documents, support at the stages of the transaction.

Advice on local life: recommendations for schools, medical institutions, fitness centers, children's clubs.

To find service personnel, you can contact a concierge manager who:

— will recommend trusted specialists from the agency's database, taking into account your requirements: language, work experience, professional skills;
— organizes interviews and tests of candidates' qualifications;
— will help with the conclusion of contracts and the preparation of legal documents.