Frequently asked questions

Here are the answers to the most important and popular questions.

If I buy a property, will your team undertake the management obligations related to renting out the property?

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:

  1. 1. Property Advertising
  2. 2. Tenant Screening & Negotiation
  3. 3. Property Maintenance
  4. 4. Tenant Handover
  5. 5. Rental Monitoring
  6. 6. Issue Resolution
  7. 7. Concierge services
  8. 8. Immigration Reporting
  9. 9. Utility Payments
  10. 10. Financial Statements
  11. 11. Google Business Page Setup
  12. 12. Full-Service Marketing
  13. 13. Live Accounting
Does your team provide an overview of the bookings and an accurate invoice?

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.

What return can I expect if I am only an investor?

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

What is freehold and leasehold?

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.

How can I buy a villa as a foreigner in Thailand?

A foreigner cannot directly own any land in Thailand as a freehold. Therefor there are 2 ways to secure your investment:

  1. A) If you wish to acquire land and have a house built on it you can obtain a long term lease on the land (first for a period not exceeding 30 years but with an option to renew up to 90 years). Thai law allows foreigners to buy the property that sits on the land as freehold or build a property on it and own it as freehold. Consequently, in this scenario you would have a leasehold title to the land and a freehold title to the house.
  2. B) A foreigner may own a land in Thailand in the name of a Thai company (at least 51% of shares are Thai and 49% are foreign). This can be done as a Thai Limited Company or a registered Thai Partnership. The most common form of company registered in Thailand is the Thai Limited Company. Setting up a company usually takes two weeks and the costs of establishment are considered very low.
Does your team provide full assistance with the purchase?

Yes, we are ready to provide you with full scope assistance in relation to the purchase of your property.

Is it possible to pay in installments or on a schedule?

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

What construction guarantees do they offer?

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.

Does your implement unique concepts?/Can I change the layouts or add a room?

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.

Can I sell the villa later?

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.

Thailand taxes

Income tax table

Net incomePersonal income taxSME Businesses Corporate Income taxNon-SME Businesses Corporate Income tax
0 – 150.000Tax exemptionTax exemption20%
150.001 – 300.0005%
300.001 – 500.00010% (THB 20.000)15%
500.001 – 750.00015% (THB 37.500)
750.001 – 1.000.00020% (THB 50.000)
1.000.001 – 2.000.00025% (THB 250.000)20%
2.000.001 – 3.000.00030% (THB 900.000)
3.000.001 – 5.000.000
5.000.001 or higher35%

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.