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Condominium Juristic Registrations



Condominium Juristic Registrations

Buying or investing in a property in Thailand is increasingly popular. Especially when it comes to the purchase of a condominium, Thailand has seen a spike in demand over the past decade. Although Thai property law prohibits a foreigner from owning land in Thailand, there are legal ways to at least buy a condominium as there are less nationality restrictions under the Thai Condominium Act regarding ownership.

Given a foreigner personally qualifies for ownership, he or she can still only buy a condo under his own name if the condo unit can be sold as part of the foreigner quota. That means that within a condominium building, not more than 49% of all units can be sold to foreigners. At least 51 % of the condo building must be Thai owned.

Condominiums are registered under the Condominium Act with a condominium license. Only condos that are registered under condominium laws and registered with the Land Department, and thereby offer full individual ownership with a government issued ownership title (title deed).

Regarding Foreigners buying a condo in Thailand there are no restrictions on nationality – every foreigner who may enter Thailand legally (there are no visa-class requirements) may buy and own a condo unit as long as he or she personally qualifies for ownership under section 19 of the Condominium Act.

Condominium Juristic Registrations

If you want more information on purchasing or registering ownership of a condominium in Thailand, please do not hesitate to contact our legal team at Oceanic Accounting & Services at our Phuket offices to learn more.

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