Requirements of foreigners who want to buy real estate (houses) in Thailand

Requirements of foreigners who want to buy real estate (houses) in Thailand

As I said, the government has a policy to stimulate investment in the real estate business. Therefore, there is a requirement for foreigners to buy a house. Buy land But must be subject to the specified requirements The details of foreigner buying a house in Thailand are as follows.

Foreigners can occupy a maximum of 1 rai of land.

If a house with land is transferred on behalf of a foreigner, the seller must also have proof of ownership of the building.

If a foreigner wishes to buy land or house in Thailand Must have the specified qualifications And still have to invest at least 40 million baht in Thailand with investment for not less than 5 years, as well as investing in the lawful business Combined with permission from the Minister of Interior only

If a foreigner wishes Want to buy land or house in Thailand Need to buy in Bangkok Pattaya City, municipality or in the designated area as a residential area according to the city planning law And must be outside the military safety area as well

Foreigners who are authorised to own land or real estate such as houses, condos must use it for residential purposes only.

If it is checked for breach of conditions, it must be redeemed immediately, or if the land is used for other purposes, it is also entitled to be redeemed.

Requirements of foreigners who want to buy real estate (condominiums) in Thailand

Foreigners can own condominiums in Thailand. But must be foreigners or juristic persons who are eligible as required by law only, such as

Is a foreigner authorised to live in Thailand according to the immigration law

Is a foreigner who is allowed to enter Thailand according to the law on investment promotion

Is a juristic person who is a foreigner under the Foreign Business Act Prof. 1999 and was authorised under the law on investment promotion.

By owning a foreigner’s condominium authorised by law, it must not exceed 49% of the total condo space in that project.

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