Homes for sale from $92,000 in Chiang Mai, Thailand

[billygunz99]

What's the loophole for foreigners (Canadian's) buying land/houses in Thailand?

[dmcguire70]

You cant buy land in Thailand but you can buy property or a condo.If u want to buy a house u need to be married to thai girl first.

[acorntechnique]

mcguire70's comment is a bit thin.

there are two ways.

1. marry one of their women or men.

2. start a Thai limited company - the company may then buy land and property or have built. currently (March 2009), there is no requirement for a Thai limited company to have a Thai director.

[dmcguire70]

point 2 a bit to complex for the average punter.I thing point 1 is a bit easier robert!

[acorntechnique]

I wasn't intending to give definitive information just some general answers.

if someone wants the definitive bible answer, speak to Thailand's department of immigration or a real estate professional or both

[acorntechnique]

Point two isn't a more complex process - it's simply a different process. If someone is more concerned about being screwed by a future wife, than actually assessing her character more thoroughly beforehand, then he shouldn't be getting married anyway.

If he simply wants to own a Thai property freehold land and all, then route two has got to be the safer choice.

[czogg99]

@acorntechnique what if you divorce the lady? What then she gets the house or you cant sell without her consent

[acorntechnique]

You're question's a bit vague but I'll do my best.

1. You need to decide before you marry whether your wife to be is likely to screw you in the event of a divorce. Broadly speaking, the same rules apply world-wide when couples split. Thailand is no different in this regard.

2. If however your Thai Ltd company buys an asset, unless she is a director of that company she has no legal claim against it or it's assets.

Remember: A Thai Ltd company is considered a separate entity under their laws.