Ways Of Owning Hua Hin Property As A Foreigner

Thailand is a beautiful country that is best known for the captivating topography of beaches and all year round tropical climate. Whether you desire to stay in Thailand for a long or short duration of time, you will need a safe neighborhood that offers you all the niceties in life. Renting a holiday villa is one way to go for short durations, but if you are keen on making a life here for yourself, then you should consider owning Hua Hin property. While owning a land in Thailand as a foreigner is not the easiest thing, there are ways around this to get you your dream holiday home.

asdasds

Thai Relations

While you may not look to this as a way to get the property, it is possible to own your dream villa in conjunction with a spouse. As a foreigner, it is impossible to own land in Thailand. Your Thai spouse can, however, own land and property legally, which you can then enjoy. You are however advised to have a prenuptial agreement set up in the case of a break in the marriage so that you do not lose your investment.

Freehold Housing

If you simply wish to own property in Thailand without it necessarily being a villa, you can always settle for a condominium. Owning a condo as a foreigner is allowed under Thai law and will give you the liberty of living in your own Hua Hin property.

Leasehold Ownership

sadasdasWhile it may not be possible to own land as a foreigner, you can get the land leased to you for a period of up to 30 years with a renewable contract after this time elapses. The property on the land will be sold to you, but the Thai owner retains ownership of the land. This arrangement works well if you can ensure that the lease is renewable after the first term elapses. This safeguard prevents you from losing your property.

Limited Company Partnership

If you are in Thailand for business, then the possibility that you are in partnership with a company there is high. If so, you can use them to purchase the land and villa that you seek to have. Through this partnership, you can get to own your property with a few stakeholders on board. The greatest advantage of this arrangement, as is with having a Thai spouse, is the fact that they can help you own the land by owning it themselves. You can draft a legally binding agreement of terms of use to shelter yourself. As a business owner, you will see the benefits of owning a property as opposed to renting it for the duration you will be in Thailand.