Grand Caribbean 1 Bedroom

• Project: Grand Caribbean
• Selling Price: 1,850,000 Baht
• Unit Type: 1 bedroom / 1 bathroom
• View: City view
• Ownership: Thai name
• Transfer Fee: 50/50 split between buyer and seller
• Floor: 3rd floor
• 37 sq.m
• Alternative Ownership Structures: To purchase this property, a foreign buyer would typically need to consider alternative ownership structures, the most common being:
  • Thai Nominee: A Thai individual or entity holds the title on your behalf. This carries significant risks and requires strong legal safeguards.
  • Thai Limited Company: Establishing a Thai company where you hold a minority share (usually 49%) and the company owns the property. This involves setting up and maintaining a business.

Crucial Advice for Foreign Buyers (Repeated for Emphasis):

1. Seek Legal Counsel: Engaging a reputable Thai lawyer specializing in property law is absolutely essential before considering the purchase of a "Thai name" property. They can explain the legal implications, potential risks, and the best course of action for your specific situation.
2. Understand the Risks of Nominee Structures: If considering a nominee arrangement, be fully aware of the potential pitfalls and ensure robust legal agreements are in place to protect your investment. However, even with legal agreements, this structure is inherently less secure than direct ownership.
3. Consider the Costs and Complexity of a Thai Company: If pursuing ownership through a Thai limited company, understand the setup costs, ongoing administrative requirements, and the need for trustworthy Thai partners.