Manora Company Limited Hua Hin is proud to bring to you the finest properties available for sale, rent or lease in Hua Hin, Khao Tao, Pranburi , Cha-Am and other areas in Thailand.
Please contact us by email info@manoraproperty.com to discuss your needs and we will find the property you want at the price you can afford. We have a large data base of properties listed for sale, lease or long and short term rental, especially our luxury Villas at Manora Village in Khao Tao Hua Hin. We also can recommend other properties, condominium units, houses, businesses and land located in Hua Hin and Cha-Am area. Please, use our professional services to find the property of your dreams in Hua Hin or elsewhere in Thailand.
Thailand Property FAQ’s - Frequently Asqued Property Questions
Question: How many Thai Shareholders do I need to form a Thai Limited Company?
Answer: This depends on the number of foreign shareholders. The minimum requirement is a total of 7 shareholders, 1 foreign and 6 Thai, 2 foreign and 5 Thai or 3 foreign and 4 Thai.
Question: What is the maximum number of shares I can hold if I register a Thai Limited Company?
Answer: All foreigners can hold a maximum of 49 % shares in a Thai Limited Company but if the Thai company would like to purchase land, the foreigners can hold only 39 % shares together.
Question: How can a foreigner hawing control over the company with only 39 % shares?
Answer: With some changes to the Articles of Association the foreigner can be the only director of the company and the only officer of the company who can commit or bind the company in any contractual dealings (he alone can purchase or sell property and act for his company), effectively giving the minority shareholders control over the company. For all the details, please contact a Law Firm in Thailand.
Question: Can I as a foreigner purchase land in Thailand in my own name?
Answer: A foreigner canot own land on his own name. She/He can purchase the land or land and house through her/his Thai Limited Company. He also can lease the land or land and house for 30 years and the Leasehold will be registered at the Land Department for this period of time.
Question: My wife is a Thai National, can she own land?
Answer: Yes, since 1999! Prior to 1998, any Thai woman who married a foreigner would lose her right to purchase land in Thailand. She could, however, still retain land that she owned prior to marrying the foreigner. However, the recent Ministerial regulation from 1999 now allows Thai national’s married to foreigners the right to purchase land, but the Thai spouse must prove that the money used in the purchase of freehold land is legally solely theirs with no foreign claim to it. This is usually achieved by the foreign spouse signing a declaration stating that the funds used for the purchase of property belonged to the Thai spouse prior to the marriage and are beyond his claim.
Question: If I purchase a restaurant or a bar, but do not work in that business, do I need a work permit?
Answer: Thai law stipulates that as a foreigner, if you are working and do not receive an income you still need a work permit. Even if you purchase a business and do not physically work, buy you receive an income from that business, you need a work permit.
Question: What are the advantages of having a work permit?
Answer: Having a work permit means you are legally allowed to work and receive an income in Thailand. You also can obtain a one year business visa or a one year multiple entry visa. There are also advantages if you would like to buy a car for example.
Question: If I want to purchase a plot of land and build my own house or if I want to purchase a business, how go I get started?
Answer: You leave it to the professionals, as you would do in your own country. Manora Company Limited Hua Hin will guide you through the whole process, from finding the right property, acquiring the land, house design and house construction, we will even find you a property for rent whilst your dream house is being built.
Question: How is land measured in Thailand?
Answer: In Thailand we are using other measurements;
1 Talang Wah is 4 square meters or 42.7 square feet, 1 Ngan is 100 Talang Wah or 400 square meters or 4,277 square fee and 1 Rai or 4 Ngan or 400 Talang Wah is 1,600 square meters and 17,108 square feet.
Question: Can I own 100 % freehold a Condominium in Thailand?
Answer: Buying a Condominium in Thailand is perhaps the simplest and easiest option available to foreigners. The only restriction on purchasing a Condominium in Thailand are that the percentage of units sold to foreigners cannot exceed 49% of the total number of units in the complex and that the funds used to buy the condominium have been remitted from abroad and recorded as such by a Thai Bank on a Foreign Exchange Transaction Form. The owner of each Condominium unit is issued with a certificate of 100% unit ownership.
Question: What is a Foreign Exchange Transaction Form?
Answer: This is an official bank document issued by the receiving bank upon the receipt of foreign currency into your bank account in Thailand. You must request a Foreign Exchange Transaction Form from your bank when you are remitting funds ot Thailand for the purpose of purchasing a Condominium in Thailand, and the Foreign Exchange Transaction Form must specify that the remittance is solely for the purpose of purchasing a property in Thailand.
Question: What is a Chanot?
Answer: A Chanot or Land Title Deed is the purest form of evidence that an individual owns a piece of land. Title Deeds are given only for areas of Thailand, which are surveyed.
Question: Can I get a Mortgage Loan?
Answer: Foreigners generally cannot mortgage properties in Thailand, most of the financial institutions in Thailand provide loans for real estate purchasing to Thais and Thai Companies.
Question: What is most important if I want to buy property?
Answer: Whether you are considering to purchase or lease a property in Thailand, there are several infrastructure and other considerations which must be taken into account:
Quality:
Who is the Developer and how is his reputation in Hua Hin, house type, what are the building spefication, materials used for the house construction, extras included, pest control services, home insulation
Location:
Value of land depends on location, location location, property on the beach or near beach is more expensive but has also higher value, how is the road access, proximity & access to hospitals, schools, shops, supermarket, local markets
Telephone:
Access to direct telephone lines and/or Highspeed Internet, Broadband Internet, Wireless Internet etc.
Main Water:
Connection to the main water system by the Water Department Hua Hin and maybe supplementary water storage facilities, large common or private underground water tank for security if water shortage in your area.
Electricity:
Mains connection by Electric Department Hua Hin, own electric meter for your property, 3 phase electric wire and electric meter
Security:
24 hours security guards, private alarm system for your property provided by an Alarm Company in Hua Hin or Cha-Am area
TV:
Hua Hin Cable TV or UBC Satellite TV connections
Air Conditioning:
A necessity in Thailand, all rooms with AC and also interior and exterior ceiling fans
Manora Company Limited Hua Hin is managed by Swiss directors.
Use our professional advice and our knowledge to make your life easier.
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