Ownership Structures in Phuket Property: Choosing the Right Setup
Selecting the correct ownership structure is one of the most important decisions when purchasing property in Phuket. Each option carries different levels of control, legal protection, cost, and complexity.
Freehold Ownership (Best for Condos)
Freehold ownership is the most straightforward structure available to foreign buyers.
Benefits:
- Property registered in your name
- Strong legal protection
- Easy resale and transfer
- No renewal risk
Limitations:
- Only available for condominiums
- Subject to 49% foreign ownership quota
Leasehold Ownership
Leasehold is the most common structure for villas and houses.
Features:
- 30-year registered lease
- Renewable agreements
- Lower upfront cost in some cases
Advantages:
- Legal and widely used
- Allows villa ownership
- Flexible structure
Risks:
- Renewal not guaranteed
- Requires strong legal contracts
Thai Company Ownership
Some buyers use a Thai company to hold property.
Important Notes:
- Must comply with Thai law
- Nominee structures are risky
- Increasing government scrutiny
This option should only be used with proper legal advice.
Additional Legal Rights
Other structures include:
- Usufruct: Right to use property for life or fixed term
- Superficies: Ownership of building separate from land
Choosing the Right Structure
Factors to consider:
- Investment vs lifestyle use
- Budget and risk tolerance
- Long-term plans
- Resale strategy
Final Thoughts
There is no one-size-fits-all solution. The right structure depends on your goals, and professional guidance is essential to ensure compliance and security.
