thailand investment information

Why Buy in Thailand?

Thailand is a country of astonishing natural beauty, with a tropical climate and inhabited by some of the friendliest and most hospitable people in the world and is still very affordable for international investors.

The property market is still relatively undiscovered in Thailand, which means that property prices remain far below those in the more established European markets, although they are growing quickly and strongly (around 10-15% a year).

The country has attracted significant foreign investment and has become one of the Asian Economic Tigers and one of the fastest-growing economies in the region. The two key drivers behind the Thai property market are the domestic economic growth and tourism and the expectation is that developments in both areas will contribute to a continuing upward trend in property prices.

Due to the expanding tourist market there is great rental potential with demand growing supported by increased government spending on marketing, the attractions of the people, the climate and the geography of the country. One other attraction for investors is that there is no capital gains tax for private investors and very low ongoing costs.

For thousands of people who have worked in Asia for many years, Thailand is an attractive retirement destination, in which the living environment will feel familiar. Retirement visas are available for foreigners over 50 years of age, according to financial means.

Thailand has good schools, an efficient health care system and it is seen as a friendly country in which to live or visit.

Buying Property in Thailand

Foreigners can buy freehold property in Thailand by following a few basic steps. Freehold property ownership requires that you set up a local company with you as a partner owning a 39% share of the company, the remaining 61% must be in the names of Thai nationals. The UK purchaser is named as sole executive director in the Company’s Articles of Association and the Thai shareholders all sign undated share transfer contracts at the time the company is being registered. This effectively puts 100% control of the company and its assets into the hands of the foreign (UK) director. The Thai shareholders have absolutely no executive control or powers within the company, nor do they need to be consulted on any issues at any time. They can also be replaced at any time at your discretion. However, a Thai limited company always has to have a minimum of 7 shareholders, for example one foreigner and 6 Thai nationals.

It is possible to buy leasehold property.

Location

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Thailand is bounded by Myanmar to the north and west, Malaysia to the south, Laos to the northeast and Cambodia to the east, and has coastline on the Gulf of Thailand and the Andaman Sea. Thailand offers an enormous range of attractions, which draw visitors back year after year, including high mountains, dense forests and stunning beaches, a tropical climate and cities teeming with culture and colour.
Languages spoken in Thailand

Thai, however, English is widely spoken

Religions of Thailand

Buddhism

Thailand Climate

Thailand has a semi-tropical climate, the average yearly temperature is 26 degrees centigrade. There are two rainy seasons; the first is from May to August and is the heaviest, whilst the second from November to December is the lightest. Hurricanes may sometimes occur during these periods.

Getting to Thailand

There are regular flights to Bangkok from most UK airports.

Thailand Currency

Thai Baht

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