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Buying a house in Thailand for your retirements is one of the best options that you can do after your work is done and you want to have peace and quiet. However, there are plenty of laws and regulations that you need to be aware of so that you can effectively procure the property that you want.

You know that there are a lot of investment opportunities in Thailand and real estate is what many foreigners go there. And while there are plenty of restrictions that are put on the procurement, there are also a lot of ways that you can go around them.

Here are some rules that you need to keep in mind:

Know what you can not own

There are various things that you can buy in Thailand and a house is one of them. However, there are things that are off limits for you. One of the things that are not available to a foreigner is that foreigners are not allowed to have a 49% ownership of a condominium. This ensures that majority of the ownership of the property remains on the hands of the Thai.

How you can get around this

And while this is the case in most of the people, there is a way that you can get around this one. You can get around this rule by establishing a local Thai limited company. Since you cannot get more than 49 percent share, then you must enter an association with 6 other Thai investors in order to form such an organization. Remember that in a Thai limited company, you need a minimum of 7 shareholders involved. After this, you need to be named the executive director of the said company and be voted by the rest of your associates. After this, the six other investors should sign an undated share transfer thereby giving you the whole property.

The other option

There is another option that you can have other than the Thai limited company. If you can not find six other investors that is willing to cede ownership to you then, Thai limited ownership is not the best option for you. If you are in this predicament then you might want to try the second option.

Your second option is through the lease of land for 30 years and after that you can be offered an extension of 30 years and can be extended to up to 990 years more at maximum. Remember that the foreign owner has the right to will the land to his heirs.

These two ways are the easiest ways to buying a house in Thailand for your retirement. Try and follow the tips so that you can have the easiest time.