Requirements For Foreign Property Buyers

[dreamweaver]

Hi,

I'm planning to buy a condo in BKK and need some informaton on the following:

1) Any conditions that a foreigner must meet before he/she could buy a condo? For eg, need to have a minimum sum of bank balance etc

2) Annual property tax rate for foreigners

3) Legal fees

4) What are the things that a foreigner need to produce before he/she can open a bank account in Thailand?

Thanks

[stuxv]

I built a house in Phuket and opened three seperate bank a/c's without any visa or proof of money. It is pay in instalments with the first up front with a clause that if you miss a payment you lose it.

For the bank I found SCB to be really on the ball.

As to tax on Condo's, don't know.

Hope that helps a bit.

[billaaa777]

This is what you need.

A) The Money

Copy of your passport

C) Letter from a Thai bank saying the money came from outside of Thailand for the purchase of a condo.

Thats It!

[dreamweaver]

Thanks a zil guys

Btw, does anyone know of any good property lawyers? Also, what do you all think of the A-Space condo at Sukhumvit 77?