Thailand is becoming an ever more popular retirement and choice of country to live with its low costs and beautiful scenery not forgetting of course the world famous friendliness of the Thais themselves. But finding out about the laws governing property ownership here can be confusing. Here are the bare bones of Thai property Law.
• A foreigner can own a condominiums long as less than 40% of the condos or apartments in the building are owned by foreigners. Many people believe it to be 49% although this regulation was an addition to the existing law and was only meant to be in place for one year and has since expired.
• A company can own property such as land and a house (and hence the foreigner can buy land and a house via their Thai registered company) as long as no one foreigner owns more that 39% of the company (recently amended from 33%) and total foreign ownership of the company does not exceed 49%.Still ambiguous and under review.
• The Thai wife of a foreigner can own property (a recently changed legal status due to gender equality in the new 1997 constitution revision), in her name only. This is fine as long as you don’t have marital problems. (The same, of course, goes for a Thai husband, but the law was changed recently for Thai wives due to the new constitution guaranteeing equal rights.)
• A foreigner can lease land for 30 years, with an option for another 30 years, the first 30 years are guaranteed they are registered with the Land Department, however the second can be contested.
• If you gain BOI approval you may as a company is able to buy up to one rai of land. Although this is meant for very large investors.
At the end of the day if you are seriously looking to invest in Thailand you should consult a good lawyer/real estate agent who will be familiar with the latest property laws.
By: Chris Heath
Posts Tagged ‘Constitution’
Property Law in Thailand
October 20th, 2009Cosmic Law Of Attraction
October 17th, 2009According to law of attraction, you are attracting everything that you are giving attention to, at every moment. You draw attention towards the things that are predominant. You can attract everything that is wanted and stop attracting that you do not like. The law of attraction reacts only to the matching vibrations. Law is a major means of a Soul to master physical life. Law of attraction cannot be understood only by five sensory intellects as they are non-integrated objects as by the wisdom of soul. Shortcoming in the principles, slowing the evolution of human consciousness and achievement, policies and practices of human institutions like government, all these reflect the wisdom of soul.
Law
Cosmic law is the supreme law of universe. Government absent of soul wisdom usually attracts the lessons evidenced by the advancement of authentic constitution with the cosmic laws of universe. By the oneness of the universe, all the conditions and situations that are desired by soul are mastered. All the people who want to get rescued are helped by the government. Negative-positive lessons are understood well and should not be mixed up. There could be various disorders that can occur in the physical body when one selects a main lesson for choosing a negative interpretation than putting positive interpretation. It is necessary for the energy to flow freely.
A negative interpretation could cause disruption of energy in various ways. It does not matter if it is personal, regional, local or off planet interpretation. This cosmic law of attraction can power the mind of energy. One needs to accept personal responsibility in order to co-create conditions and let go off negative. One must know this well that every experience is a positive experience. All that is true for macrocosm is all true of microcosm. Any negative interpretation can cause physical disorders to a person to planetary also beyond that. The cosmic law of attraction states that throughout the universe, everything has life and gets affected. The material brain integrates the universal mind of the soul for best human experience. The law of mastering the power of co-creating the material reality for positive results and utilizes the soul mind in order to influence matter.
Cosmic law
The cosmic law of attraction can let the human intellect to listen to the wisdom of the soul. Thus, everything could be mastered right from physical wellness and abundance to planetary harmony. Goodness and altruistic behavior attracts similar energies. The same way, the selfish and cruel behavior attracts the same. You ca learn to attract everything that you want and like by first living in your aura. The law of attraction is thus found useful. You can use this law of attraction in order to give love and also if you want to be loved by someone. If you wish to be treated in a good way then it is necessary for you to treat yourself and others well.
By: Stephen Campbell