Corporate Services

Condominium Juristic Registrations

 

CORPORATE SERVICES

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.

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.

Contact Us