There is high demand in the Thai market! Due to this, many significant sectors in Thailand have developed quickly over the past ten years. Additionally, investors worldwide are now placing bets on the country’s real estate market. The primary activities of a real estate agency in Thailand are leasing offices or buying/selling properties. Take note that, both these activities will result in a successful business and significant profits from various commissions. To fulfill your wish to open a real estate agency in Thailand, our business registration professionals are always active. With the right assistance and direction from our consultants, the process of registering a company in Thailand is not difficult.
Thailand’s real estate laws are not significantly different from laws of a comparable nature in other nations. The real estate industry is of great interest to investors globally since it is closely tied to the tourism industry. The tourism industry in Thailand is booming now. Therefore, it’s crucial to become familiar with the unique limitations of the Thai government on land ownership by foreigners. You can prepare yourself to open a real estate agency in Thailand no sooner after reading through this article.
Why Open a Real Estate Agency in Thailand?
Most foreigners choosing to enter Thailand to start a business prefers to set up a real estate agency. Thailand’s real estate industry is very alluring and provides fantastic chances. In Thailand’s most significant cities, many tourists and international residents are looking for the ideal condominium for their stay. Therefore, a real estate agent will undoubtedly be helpful in this regard. A knowledgeable real estate agent will tell you about the various fees, properties that are available, and market prices.
Companies may stand out in the market by registering trademarks in Thailand.
For more information on opening a real estate agency in Thailand, get in touch with our Thai company formation experts.
Documents required to Open Real Estate Agency in Thailand
You can begin your activities with our advisers’ assistance in less than four weeks. Firstly, you prepare of forming a limited company in Thailand with a minimum of three shareholders and executive management. Henceforth, reserve a name for your new firm and sign the Memorandum of Association, specifying the owners, capital, and company’s objectives. The next step is to open a bank account and register the company for VAT at the Thai Trade Register. To open a real estate agency in Thailand and operate lawfully, you will need a business visa and a Thai work permit.
To open real estate agencies, in addition to hiring foreign staff, they also need to employ Thai personnel. It’s beneficial to know that you don’t need a real estate license to start a business in this area. If the Thai Land Department and the Ministry of Commerce accept your documents, registering a company becomes simpler here. Henceforth, you can start operating in less than a month. You can ask for our assistance and direction if you wish to start a business in Thailand.
Tips on Real Estate Legislation in Thailand
Thailand’s real estate legislation features a few special provisions relating to foreigners owning land and homes. You should be ready to advise your clients on the prospects and limits of their investment if you plan to start a real estate firm in this nation.
Foreign corporations may own land in Thailand under certain circumstances, according to Thai law. Investors can buy residential land only if they can demonstrate their contribution of more than 40 million baht to the Thai economy. Condominiums, which involve sharing a property with other owners, are also open to foreign visitors. They can also sign a lease agreement for a maximum of three years, after which the contract must be registered with the Thai land department.
More information on the kinds of services that real estate agencies may provide in the context of Thai law is available from our Thai attorneys.
Best Practices to Start Real Estate Agency in Thailand
An investor must abide by Thai business legislation in order to establish a real estate agency. You might also need to recruit local partners as foreign investors so that you can create Articles of Association for your real estate company jointly. In order to reach your clients in the local market, your local partner might be of great assistance in coming up with a suitable name for your business.
In order to know which services you can provide to both domestic and foreign clients, whether businesses or people, you should also be knowledgeable about current Thai real estate legislation.
Please feel free to get in touch with our Thai attorneys to streamline the process of forming your real estate company and learn more about the country’s legal system. Email us your plan at [email protected].
