With the investment opportunities in Koh Samui becoming increasingly tempting and profitable, many people are also enquiring into financial aid and what assistance is available in Thailand.
Koh Samui, like all of Thailand, is a predominantly a cash economy for westerners, with the only credit card facilities being available in high class restaurants and large supermarkets. The Thai banking system is also quite difficult at times, but normal services are available such as Internet banking and foreign currency accounts. This makes purchasing land and property a lot more manageable then it has been in the past. Most purchases however will be arranged in the national Thai currency, the Thai Baht (THB), so it is suggested that you talk with local accountants or agents about your relevant exchange rate as well as help with the country’s tax and repatriation laws.
Financing and financial aid for foreigners has not yet become widely available through Thai banks and organizations. Some developers and western companies on the island however can provide assistance through associated foreign companies. This allows the investor to produce less money up front for their build and means they can pay off their loan through staged regular payment at certain stages of the building process.
A company that offers this type of finance is Global Financial Services Australasia (GFS). GFS is a well-established finance company who offering financing in Thailand exclusively through Palm Construction., Co Ltd. This is a greatly appreciated service and can be a huge advantage when building your dream home.
GFS financing is straightforward and clear. They offer financial assistance up to 60% over a maximum of 15 years term from the completion date of your property with a fixed interest rate and no fees or charges, ever.
For more information please contact GFS at www.gfsaustralasia.com
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