Frequently asked questions about investment on Koh Samui. Your investment company on Koh Samui - Global Look

Frequently asked questions about Samui investments


How land is measured in Thailand ?

Land is measured in Rai, Ngan and Wah.

1 Rai = 4 Ngan (or 1600 Sq.m)
1 Ngan = 100 Wah (or 400 Sq.m)
1 Wah = 4 Sq.m
1 Acre = 2.5 Rai (approx.)
1 Hectre = 6.25 Rai (approx.)

Can foreigners own property in Samui?

Foreign nationals may not own Freehold Land in Thailand however, foreign nationals can own:

  • A private limited company (see also legal matters )
  • A building (as distinct from its land)
  • A unit in a registered Condominium

Alternatively you could take own registered leasehold of up to 30 years for all types of titled land (and/or buildings). However with appropriate extension and purchase options that 30-year lease can become tantamount to freehold purchase.

Will buiding my house be expensive?

Building materials and labor costs are low but imported materials and prime beach land can bump up the price. The biggest determining factor in island properties is the proximity to the beach.

The dramatic devaluation of the local currency since July 1997 has made Thailand one of the least expensive exotic holiday destinations in the world.

How long will take to complete my house?

It depends on size and design, but in any case much faster than in your own country.

Do I have to be on the island throughout this period?

Up to you and the contract you sign. It is possible and safe to agree on a "turn key project" contract with one of the local and reliable construction companies.

Are there any limitations for buildings, size, height etc.?

Yes, but very reasonable and flexible. We will provide you with all relevant details (when applicable) all according to your land location and your own needs.

What about healthcare on the island?

Samui has 3 hospitals and few dental facilities. Some with Western doctors.

How can I find more information about legal matters?

For detailed information on matters such as business, statistics, taxation, and all other legal matters see the Thailand's Board Of Investment (BOI) website at http://www.boi.go.th/ .

For any specific inquiry do not hesitate to contact us at:

 

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