Villas For Sale Koh Samui

Yes, foreigners can buy villas in Koh Samui, Thailand, but they cannot directly own land. Common solutions include setting up a Thai Limited Company to purchase the land or leasing the land for up to 30 years. While the land might be leased or owned by a company, the villa itself can be owned outright by the foreigner. It’s recommended to seek legal counsel due to the complexities of Thai property law.

Setting up a Thai Limited Company allows foreigners to legally circumvent the restriction on land ownership. While the company must be majority-owned by Thai nationals, foreigners can retain control through different share classes or legal agreements. This structure provides a legal avenue for foreigners to invest in and control property in Thailand.

Yes, villa owners in Koh Samui are subject to annual property taxes, which are relatively low compared to many Western countries. Additionally, if the property is leased out, rental income may be subject to taxation. It’s essential to consult with a local tax advisor to understand all financial obligations.

Yes, you can sell your villa to another foreigner. The new owner would also need to navigate the same land ownership restrictions, either by continuing the lease, setting up their own Thai Limited Company, or transferring the existing company’s ownership. It’s advisable to involve legal professionals in the resale process to ensure all transactions are compliant with Thai law.