is it a good idea to buy land in thailand?
i want to buy 2 rai in chiangrai province chiangsaen township right on the mekong river. its about 1 1/2 miles from golden triangle resort casino across the river. the casino is located across the mekong river on the laos side in the city of tachileik. would it be a good investment to purchase the land and what sort of problems might i encounter making this purchase being an american citizen?
As a non-Thai-citizen you would need to purchase through a Thai company or nominee. However, this has become risky in recent years. Changes and rumored changes in the Foreign Business Act have cast doubt on the long term safety of buying through a business unless you actually have a real business that is generating income and paying taxes. Buying through a nominee has come under scrutiny recently and the land office has even threatened to confiscate land owned in the name of Thai women married to foreigners unless the women can prove they bought it with their own money.
It is a gamble.
Land investment in Laos
investment in laos
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