Foreigners cannot buy land in Thailand, only condominium units and apartments. Foreigners cannot make up more than 40% of the condominium´s unit-owners. However, a foreigner can buy a whole building, minus the land on which it is built.
Can a foreigner buy a condo in Thailand?
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 a foreigner buy 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.
Can you own an apartment in Thailand?
In Thailand, foreigners may only own a condominium in his/her own name. Foreigners can take ownership of a condo by either purchasing a condo unit with a freehold title or entering into a long lease agreement, commonly known as “Leasehold”.
Can foreigners buy landed property in Thailand?
What are the restrictions on foreigners buying and owning property in Thailand? Foreigners can purchase up to 49 per cent of the condominium units in any freehold condominium in Thailand, but are not allowed to buy landed property outright. They are allowed to purchase leasehold landed property for up to 30 years.
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.
Is it worth buying a condo in Bangkok?
The reason why most foreign nationals consider buying condos in Thailand, particularly in Bangkok, is because the selling price for a condo for sale in Bangkok, or even a luxury condo in Bangkok and other cities and provinces in Thailand are generally more affordable than in many other countries, especially as there …
Can I live in Thailand permanently?
Obtaining status as a Permanent Resident (PR) in Thailand has many advantages. It allows you to live permanently in Thailand, with no requirement to apply for an extension of stay. … You will also be able to apply for an extension of stay and Permanent Resident status for your non-Thai family members.
Is it hard to get Thai citizenship?
Becoming a citizen of Thailand is a lengthy and difficult process. Before even applying for citizenship, you need to be a permanent resident of Thailand for 5 years living there continuously, (which includes 3 years of owning a business in Thailand or working for a Thai company).
Can foreigners own houses 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 rent property in Thailand?
Although foreigners cannot legally own land, they are allowed to own buildings. Renting land and building a house is an increasingly popular option for foreigners. First, you lease a piece of land and register a “right of superficies.” Obtaining a right of superficies allows you to own a building on the rented land.
Is living in Thailand safe?
Safety. On the whole, Thailand is an extremely safe country and the most criminal acts targeting foreigners being purse snatchings from passing motorcycles. However, there are still some things you should keep in mind in regards to your personal safety when living in the country long-term.
Where is the best place to live in Thailand?
The Best Places to Live in Thailand
- Hua Hin — A Thai beach resort town. …
- Retire in idyllic Koh Tao. …
- City living in Chiang Mai. …
- Iconic Phuket. …
- An off-the-grid escape in Khao Lak. …
- Relax in beautiful Koh Samui. …
- Krabi — Thailand’s best-kept secret. …
- Expat living in Ao Nang.
Is dual citizenship allowed in Thailand?
As the law currently stands, a Thai citizen who is born with another nationality, a person who naturalizes as a Thai, or a Thai who takes a foreign citizenship are generally allowed to maintain their Thai citizenship without issue.
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.
How can I get Thai citizenship?
Thai Citizenship Requirements
- You must be at least 18 years old.
- You must have lived in Thailand as a Permanent Resident for at least five years on the same type of visa that you have at the time of application.
- You must have a clean criminal record and no history of trouble with the police.