Foreign citizens have the right to acquire real estate in the condos, but only if it does not exceed 49% of the total area of the condominium. To purchase a house, you must register the Thai company since under the laws of Thailand, a foreigner can not own the land. The very property is issued to a Thai company. Thus, you become the owner of the company, which has owned the property.
Your chosen an apartment, you can book by signing the reservation contract on the spot. When you back up the object to make a deposit of approx. 50,000 Baht. As a rule, within one month from the date of signing of the above agreement, signed a contract of sale.
The remaining amount paid in installments during the construction of the facility or in part upon its completion. You can pay cash on the spot or by bank transfer. When importing currency in Thailand need to comply with all the requirements of the legal importation of currency or checks. Imported currency must be exchanged for the local - Batu.
Bank transfer is carried out from a foreign account to Thai. In both cases it is necessary to receive a special bank certificate. After payment of taxes by the buyer transition, he issued a certificate - Chanot, certified by the Land Department of Thailand, on the basis of which the foreign national becomes a full owner of the apartment.
In Thailand, a foreigner can not rightfully own the land, but it can buy in sole possession of the apartment in a condominium that he has the right to bequeath. In Thailand, there is no special tax on inheritance, but the registration of rights ownership of the apartment you need to pay tax. To make out a will in Thailand should have a Thai lawyer.
With regard to leased land: in case of death of the tenant of land, the property on the land does not pass to the heirs of a foreign citizen. In that case only take over the lease rights, but without the right to further extend its life.