Koh Samui Commercial
The beautiful island of Koh Samui is swiftly becoming a hotspot for investment and commercial endeavors from all over the globe.
With a booming tourist industry, attracting over 1.5 million people a year and a base island population of around 50,000 locals (Thai and Foreign), many people come to the island hoping to tap into the tens of millions of dollars spent annually.
When starting a business on the island there are a few ways to go about it. Firstly, you can buy a residential dwelling and convert it into a commercial building. Secondly, buy commercial property that is already established and develop your own brand or lastly, purchase an existing business, including the name, property and assets, off a previous owner.
There are a wide array of commercial businesses on Koh Samui, mainly tailored to the tourists and ex-pat communities. These can include restaurants, bars and clothing stores as well as diving schools, massage and spa facilities, small hotels and much more.
It is always good to keep in mind that you should be taking reliable and solid legal advice any time you buy commercial or sell commercial buildings or businesses. Thailand’s laws are very different from western laws so having someone to lead you through the legal process and to protect your rights is highly recommended. Also be aware that in Thailand foreigners cannot own any land in their own name. Many local legal firms on Samui can help with this and provide trustworthy and reliable services. Owning a property/building is however legal and straight forward.
Investment in Koh Samui commercial property can be very profitable and rewarding. If balanced well, the laid back beach lifestyle and friendly locals make the prospect of working and living on the island just that little bit more inviting.
Companies like Koh Samui Property Portfolio (KSPP) are specialist in the market of commercial property and large residential developments, with year of experience and knowledge of property investing worldwide.
KSPP can be contacted at www.kohsamuipropertyportfolio.com
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