Here are the answers to the most important and popular questions.
Our team is dedicated to providing you with a comprehensive range of services, from top-notch property management solutions and real estate listings to legal, tax and accounting services.
For different service fees our team offers different property management packages. However, we are open to negotiation and customization of a package that best aligns with the owner's interests and preferences.
Our standard property management package usually includes:
Our property management system allows full transparency. We invite all villa owners to our property management software to have full access to the details of the bookings and all the expenses incurred in relation to hosting the stays. This enables owners to calculate their income in advance as well as to track their return of investment.
We prepare and send you monthly invoices detailing all the incomes and expenses related to the reservations hosted in a given month.
While the actual ROI will depend on the size, location, equipment and design features of any given property, based on the current market tendencies we reckon the probability of the ROI being between 10-15% to be very high.
ROI calculation TO BE ADDED LATER ON
The Thai Property laws recognize two forms of ownership: 1. Freehold, 2. Leasehold
Freehold: You will have indefinite ownership of the land and the property, which give you the right to use, sell, or modify it as you wish without any time restrictions.
Lease hold: is a system of property tenure wherein a person acquires the right to occupy a particular land or building for a pre-determined time. It is a common practice in Thailand to grant a 30-year lease, with the possibility to have a contractual agreement for two subsequent renewals equaling 30 years + 30 years + 30 years, totaling a 90-year lease for the buyer.
A foreigner cannot directly own any land in Thailand as a freehold. Therefor there are 2 ways to secure your investment:
Yes, we are ready to provide you with full scope assistance in relation to the purchase of your property.
All of our projects offer payment schedules with payment dates adapted to the different stages of completion. We are open to consider and negotiate any reasonable payment plan as long as it does not substantially differ from the terms specified in the relevant sale and purchase agreement
5-year warranty: for the structure of the property (e.g. pile/column, footing, beam, floor, steel roof frame and wall, etc.). The 5-year warranty period commences upon inspection of the property the Work as defined in the relevant sale & purchase agreement.
2-year warranty: for the component parts or accessories of the building (e.g. doors, windows, sanitary ware, coverage, etc.). The 2-year warranty period commences upon inspection of the property the Work as defined in the relevant sale & purchase agreement.
However, the scope of modifications that can be possibly done will in each case depend on the building permit of the relevant plot. If the building permit is already obtained there is less room for modifications. If the building permit is not issued yet, the individual villa may enjoy more flexibility with regard to its layout and its design features as long as it is in compliance with general architectural and design concepts applied in the relevant project.
Navigating the property market in Koh Samui requires expert insight, and our team of experienced professionals is here to guide you through the entire process, ensuring you make informed decisions every step of the way. Our assistance includes without limitation the full scale marketing of your property and extensive guidance and participation in all legal and administrative procedures in connection with the sale of your property.
Income tax table
Net income | Personal income tax | SME Businesses Corporate Income tax | Non-SME Businesses Corporate Income tax |
---|---|---|---|
0 – 150.000 | Tax exemption | Tax exemption | 20% |
150.001 – 300.000 | 5% | ||
300.001 – 500.000 | 10% (THB 20.000) | 15% | |
500.001 – 750.000 | 15% (THB 37.500) | ||
750.001 – 1.000.000 | 20% (THB 50.000) | ||
1.000.001 – 2.000.000 | 25% (THB 250.000) | 20% | |
2.000.001 – 3.000.000 | 30% (THB 900.000) | ||
3.000.001 – 5.000.000 | |||
5.000.001 or higher | 35% |
The 20% tax rate shall apply to the SME Business if the relevant SME business has a registered capital exceeding THB 5.000.000 OR has an annual net income exceeding THB 30.000.000.
Value Added Tax
Any person or entity who regularly supplies goods or provides services in Thailand and has an annual turnover exceeding 1.8 million baht is subject to VAT. The value added tax is 7%.
Land tax
The rate of the Land tax for residential properties is 0.30% of the value of the property established by the yearly value assessment.