How to Conduct Real Estate Transactions in Thailand | Cosmos Legal Law Office

Thailand, as one of Southeast Asia’s most popular tourism and investment destinations, offers attractive real estate opportunities for foreign investors. Cities like Bangkok, Pattaya, Phuket, and Chiang Mai stand out for residential and commercial property investments.

Cosmos Legal Law Office provides safe, transparent, and legally compliant guidance for Turkish citizens seeking to buy or sell real estate in Thailand.

1. Basic Structure of Real Estate Law in Thailand

• Real estate ownership in Thailand is regulated by the Land Department and relevant laws.

• Land records are officially maintained by the Land Office.

• Foreigners cannot own land directly, but they can purchase condominiums under condominium ownership laws.

• Mortgages, liens, or other restrictions on the property must be carefully checked.

Cosmos Legal ensures that investors thoroughly review the legal status of the property, guaranteeing a secure investment.

2. Foreigners’ Property Ownership Rights

Under Thai law:

• Foreigners can only purchase condominiums; direct land ownership is prohibited.

• Foreign ownership in a condominium cannot exceed 49% of the total building area.

• All official land records and government approvals must be followed during the purchase.

Cosmos Legal Law Office ensures that foreign investors can exercise all their legal rights for a smooth property acquisition.

3. Real Estate Purchase Process

The typical process for acquiring property in Thailand includes:

1. Title and Legal Research: Review the property’s past ownership, mortgages, and restrictions.

2. Sale and Purchase Agreement: A contract prepared between buyer and seller, notarized or lawyer-approved.

3. Payment and Title Registration: Ownership is officially recorded in the Land Registry under the buyer’s name.

4. Taxes and Fees: Payment of purchase price-related taxes, registration fees, and other statutory charges.

Cosmos Legal ensures legal security at every step, helping clients acquire property without complications.

4. Taxes and Costs

Key taxes and expenses when buying real estate in Thailand:

• Transfer Fee (Title Registration Fee): Around 2% of the sale price.

• Specific Business Tax (SBT) and Withholding Tax: Paid depending on sale conditions.

• Notary/Lawyer Fees: For contracts and title registration.

Cosmos Legal ensures all taxes are calculated correctly and helps manage the client’s financial obligations.

5. Services Provided by Cosmos Legal

Cosmos Legal Law Office assists Turkish investors in Thailand with:

• Land title research and ownership verification

• Drafting sale and purchase agreements and notary/lawyer approval

• Title registration and official correspondence with the Land Office

• Tax and expense advisory services

• Investment guidance and legal support

Our team of lawyers specializes in Thai law, providing clients with secure and professional service.

Conclusion

Real estate investment in Thailand can become a safe and profitable opportunity with the right guidance. Cosmos Legal Law Office guarantees legal security, transparency, and professionalism at every stage for clients conducting real estate transactions in Thailand.