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The $US is about to collapse, with the massive debt America now
has to re-pay the value of the Dollar is virtually worthless...DON'T Risk your
savings in US stock/real estate or Bonds...The smart people have been moving US
funds offshore for almost 2 years & very happy they did.
DO NOT BE ONE THAT LOOSES EVERYTHING...BE SMART YOUR POLITICIANS
& WALL STREET ARE LYING TO YOU, SO MORE WILL INVEST INTO THE BROKEN SYSTEM
Few places in the World are seeing growth in these very
difficult times.
Asia is the growth centre of the World recovery, your money
will increase with Investments in Asia but most importantly with Property
investment
Invest in a 100% FULLY owned by YOU Condo Unit...Receive a
monthly rental & achieve 8-20% Yearly Growth of Capital
Can I own a Apartment /
Condominium in Thailand?
Buying a apartment or condominium in Bangkok, is perhaps the simplest and
easiest option available to foreigners. The only restrictions on purchasing a
condominium, are that the percentage of units sold to foreigners cannot exceed
forty nine percent (49%) of the total number of units in the condominium block;
and that the funds used to buy the condominium have been remitted from abroad
and correctly recorded as such by a Thai Bank on a Tor Tor Sam. Purchases of
condominiums by foreign individuals come under the jurisdiction of the
Condominium Act B.E. 2535 (1992). The owner of each condominium is issued with a
certificate of unit ownership. The certificate also has a statement saying
exactly what percentage of rights over the common areas of the building each
owner has
Foreign Ownership Of Land in Thailand
Foreign nationals may not own land freehold in Thailand. They can, however, own
indirectly through control of a Thai corporate entities e.g. in the form of a
company or a limited partnership as long as Thai nationals hold the shares 51%
or more. Also, they may register long term leasehold over the land consisting of
an initial 30 - year term plus two further 30 year- for a total of 90 years.
Limited Liability Company - this form of purchasing property is the most popular
with foreign investors as the Articles of Association can be varied to allow
greater protection for foreign minority shareholders where majority Thai
ownership is required under the Alien Business Law. Thai law requires that 51%
of the shares be held by Thai juristic persons, however, any company with more
than 40% foreign interest that purchases land will be investigated by the
Central Land Office to ensure that the company has not been organized in an
attempt to circumvent the prohibition against foreign ownership of land. This
results in the foreign ownership of the company being limited at 39%, but with
the recommended changes to the Articles of Association, the foreigner can be the
only director of the company, and the only officer of the company who can commit
or bind the company in any contractual dealings - effectively giving the
minority shareholder control over the company.
Your property may be repossessed if you do not keep up repayments on a
mortgage |
