Thailand is one of the most exotic holiday destinations for Thailand buyers guide Many overseas Thailand buyers are beginning to take great interest in the real estate and property investment opportunities in Thailand. New property developments for Thailand buyers are more concentrated in the South. There are also some interesting investment opportunities for Thailand buyers in Bangkok. Buying a property in Thailand Land ownership laws in Thailand do not allow overseas Thailand buyers to own Thai land in their own names. Although Thailand buyers may own apartments, villas, or other type of properties in their names but overseas investors can not own Thai land. How to acquire land rights in Thailand Repeating 30-year lease, leasing is legally the simplest, most straightforward way to own land rights in Thailand. Land lease contracts can cover periods of 30 years, or 3 times of that, or confering rights equivalent to freehold ownership to the Thailand buyers. This is a business agreement concerning the Thailand buyers' right to resell, not the Thailand buyers' ownership rights. It is supported by Thai commercial and civil law. It can be registered with the Land Department. Limited Company, the most popular way for Thailand buyers to acquire land in Thailand. The company solution is allowed for domestic property acquisitions because of the enormous value of foreign investment in Thai property. Annual audits and the displaying of the company name at its registered address are required. Under condominium law, no more than 49% of the units in a condominium complex can be owned by foreign Thailand buyers. To ensure that the registration of Thailand buyers ownership goes smoothly, there are clear procedures which Thailand buyers must followed correctly. The Bangkok Bank or Kasikorn Bank are the only two banks with full international services and English speaking staff. It is also common to transfer funds to the escrow accounts of estate agents or lawyers administrating the condominium purchase for Thailand buyers. Vacation Investment Program, on 25 November 2006 the Royal Thai Government presented its first fully comprehensive solution for Thailand buyers ownership of Thai property. This solution is the most expensive for Thailand buyers although it does come with several advantages for Thailand buyers. Thailand property taxes There are some taxes for Thailand buyers to pay at the Land Office when a property is transferred, the Registration Fee (2%) and the Stamp Duty (0.5%). Then there is the "registered" value of the property, which is the basis of the Withholding Tax and the Business Tax (3.3%). It would also be correct for the Thailand buyers to pay the Registration Fee and Stamp Duty, and for the seller to pay the Business Tax and Withholding Tax.