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The villas are located on the south coast of Phuket, 400 meters from Rawai Beach. The infrastructure of the area: a restaurant with the option of delivering meals to the villa, a cleaning service, a kids club, a park and a water park, a school, a kindergarten, a medical center.
Walking distance to: Rawai promenade, restaurants, markets, 24/7 stores, SPA.
Professional management company.
Rental Pool program for those who want to combine their own accommodation with an investment: 40% of the income to the investor, 60% - to the management company (all expenses are on the share of MC). Projected profit: 6-10% p.a.
Foreign nationals can own the building (villa) in their own name, but not the land that it stands on.
Foreign nationals cannot own land in Thailand in their own name. The options for a foreigner to make use of the land are via a long-term lease or by investing in a Thai company that owns the land.
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The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure.
In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.
After you have found the right property at Rawai VIP Villas & Kids Park you have to follow these steps:
A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years.
Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.
Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.