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1.200+ Foreign Buyers in Thailand.

Yes — foreigners can own up to 49% of the total unit area in any registered condominium project under the Condominium Act. Ownership is freehold and registered at the Land Department. You receive a chanote-level title deed in your name.

Transfer fee is 2% of the appraised value, typically split 50/50 between buyer and seller — but this is negotiable. Additional costs include a 3.3% specific business tax (for properties held under 5 years) or 1% withholding tax.

Yes. Funds must be transferred from abroad in foreign currency and converted in Thailand. You need a Foreign Exchange Transaction (FET) form or a credit note from the receiving bank to register the purchase at the Land Department.

The LTR (Long-Term Resident) Visa offers 10-year multiple-entry stays with tax benefits for qualifying investors ($500k+ qualifying assets). The Thailand Elite visa starts at 600,000 THB for 5 years. A retirement visa (Non-OA) requires proof of 800,000 THB in a Thai bank.

Long-term rentals (30+ days) are legal without restrictions. Short-term rentals under 30 days require a hotel license under the Hotel Act — renting without this exposes you to fines up to 20,000 THB. Many buildings prohibit short-stay in their juristic rules.

Off-plan can yield 15–25% below market price but carries developer risk. Check EIA approval, the developer's previous completions and sinking fund policy. Escrow accounts are not mandated by law in Thailand — contract review by an independent lawyer is essential.

For a straightforward condo transfer, the Land Department process takes 1–3 hours on the day. You need your passport, FET form, chanote, and sale/purchase agreement. Both buyer and seller (or PoA) must be present. Processing delays are rare but budget a full morning.

Kasikorn Bank (KBank) and Bangkok Bank are most foreigner-friendly. KBank accepts a Non-B or Non-OA visa with passbook accounts. Bangkok Bank requires a letter from your embassy in some branches. SCB and Krungthai are stricter. Opening online is not yet possible for non-residents.