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.

Buying Property in Thailand

Foreigners can by 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.
 
Location

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