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Foreigners have been investing in Koh Samui for many years now, making it one of the most popular destinations for property investment in Thailand. The island is known for its beautiful beaches, lush greenery, and a laid-back lifestyle, making it an ideal place to purchase a vacation home or retire. However, the question that arises here is whether there are any restrictions on foreigners buying property in Koh Samui?
The good news is that foreigners are allowed to own property in Koh Samui, just like Thai citizens. However, there are some restrictions that foreigners must abide by. Foreigners are not allowed to own land outright, but they can buy a leasehold interest in the property for a maximum of 30 years. The leasehold can be renewed for two additional periods of 30 years, which means that a foreigner can own a property in Koh Samui for up to 90 years.
Another option for foreigners is to purchase property through a Thai company. In this case, the company must have at least 51% Thai ownership, and the foreigner can own the remaining 49%. This is a popular option for foreigners who want to own land outright, but it is important to note that this option requires careful consideration and expert legal advice before proceeding.
It is also important to mention that there are some restrictions on certain types of properties. For example, foreigners are not allowed to purchase land in areas designated as national parks or forest reserves. Additionally, there are restrictions on purchasing properties in certain zones such as agricultural zones and areas reserved for local communities.
In conclusion, while there are restrictions on foreigners buying property in Koh Samui, it is still possible for them to own a property on the island. It is important to seek expert legal advice before proceeding with any property purchase in Thailand, to ensure that all legal requirements are met and to avoid any potential issues. If you need any assistance in finding local service providers for property investment or relocation in Koh Samui, please do not hesitate to contact Yehro Ko Samui.
