There are no restrictions on nationality and every foreigner who can enter Thailand legally (there are no visa-class requirements) can buy and own a condo unit within the foreign ownership quota of the condominium, but every foreigner must personally qualify for ownership under section 19 of the Condominium Act.
Can I live in Thailand if I buy a condo?
Thailand is giving condo buyers five-year residency visas for a THB10 million (USD 330,200) investment. … Your investment will give you to live in Thailand for 1 year and to renew every year for a total of five years. You will no longer have to make a dash to the border to renew your visa outside of the country.
How many condos can a foreigner own in Thailand?
Under Thai law, up to 49% of the unit area of any condominium may be owned by foreigners.
Can a non Thai own property in Thailand?
Generally, foreigners are not allowed to directly purchase land in Thailand. … It is a commonly unknown fact that although a foreigner cannot own land in Thailand, he can own the house or structure built thereon. One only has to apply for a construction permit to build the house in his own name.
Can foreigners own townhouses in Thailand?
Houses, townhouses, and detached houses are described as ‘landed’ which means they touch the land in Thailand under them or around them, and so a foreigner is not able to own one or any of these without assistance from a Thai national.
Is it worth buying a condo in Thailand?
Under the right circumstances, buying a condo in Thailand can be a rewarding purchase and a good investment. If you are a foreigner interested in buying a condo in Thailand there are several issues you need to be aware of. First, foreigners may only own 49% of a single condo development.
Can foreigners buy property in Thailand 2021?
Yes, Foreigners Buying Property in Thailand can take freehold ownership of a structure in Thailand, however foreigners are not permitted to own land in Thailand. Foreigners may enter into a long lease agreement, commonly known as “Leasehold” to secure the land.
Can foreigners own a villa in Thailand?
Given restrictions on land ownership, foreigners cannot own a villa outright, rather they must purchase a leasehold agreement. In general, this process is straight-forward and you should expect an offer of a 30-year lease on any villa or home, which is the maximum duration for any leasehold in Thailand.
What property Can foreigners buy in Thailand?
Answer: Under Thai law, foreigners cannot own land directly in their name. However, they can purchase condominiums outright (Freehold) or buy a landed property and lease the ground (usually for 30 years, with option to extend) on which the property sits. Let’s look at these in a little more detail.
Can a foreigner get Thai citizenship?
Thai law provides an expedited path to citizenship for those who have deep connections to the country through marriage. Put simply, you can apply for citizenship without first having to hold Thai Permanent Residency for five years.
Can foreigners retire in Thailand?
A Thai retirement visa is available for foreign nationals over 50 years of age who wish to retire in Thailand. This visa can be applied for in Thailand or while overseas, at a Royal Thai Embassy or Royal Thai Consulate. When applied for within Thailand it is officially known as a Non-Immigrant O-Long Stay Visa.
Can foreigners get a mortgage in Thailand?
Can Foreigners get Mortgages in Thailand? The short answer: “Yes, foreigner buyers can get access to property financing in Thailand.” Since the mid-2000 Thai Banks have tried to capitalize on Thailand’s growing popularity as an international property investment destination.
Can foreigners lease land in Thailand?
Yes. A foreigner can obtain 100% interest for a land lease in Thailand. Unlike direct land ownership, the law allows foreigners to obtain long-term land leases. … Leases of up to three years do not need to be registered but registration at the Land Department is compulsory for leases that are three years or longer.
Can a foreigner buy a condo in Bangkok?
According to Thai law, foreigners are allowed to purchase freehold condominiums sans restrictions as long as the foreigner quota ratio does not exceed 49% of the saleable area in a building.
In which countries can foreigners buy property?
These include Cyprus, Hungary, Portugal, Ireland, Malaysia, Bahamas and the UAE. In October 2012, the Portuguese government passed a law to offer ‘Golden Passport’ to attract investments. Under this, the country will give you resident status if you buy a property worth Euro 500,000 (Rs 3.65 crore) or more there.
Can foreigners own freehold property in Thailand?
Yes – a foreigner can buy and own a house (building structure) freehold in Thailand. The land however must be owned under a long term lease.