anon537687643 Posted August 24, 2018 Share Posted August 24, 2018 How is it possible for Non Thai citizens to own property in Thailand and have no visa status at all! I know of Chinese buyers who own condos but have no visa of any sort other than if they visit as a tourist ! As well as the fact they cheat tenants by not paying back deposits! Sent from my iPhone using Thailand Forum - Thaivisa mobile app Link to comment Share on other sites More sharing options...
FritsSikkink Posted August 24, 2018 Share Posted August 24, 2018 Owning a condo is 1 thing, renting your condo out as a business is working and you could do something about this. Link to comment Share on other sites More sharing options...
KittenKong Posted August 24, 2018 Share Posted August 24, 2018 52 minutes ago, markaoffy said: How is it possible for Non Thai citizens to own property in Thailand and have no visa status at all! I know of Chinese buyers who own condos but have no visa of any sort other than if they visit as a tourist ! No one needs any sort of visa to own a condo here. Link to comment Share on other sites More sharing options...
kevin612 Posted August 24, 2018 Share Posted August 24, 2018 I personally think chinese tourists are dumb, they paid such a big amount and they will have 5-7% investment return annually for rental. I don't trust the thai government or thai people because there are too much scams out there and Thais are greedy. You never know how the condo end up what happen. One day you may find out the condo belongs to somebody else. Link to comment Share on other sites More sharing options...
gk10002000 Posted August 24, 2018 Share Posted August 24, 2018 The OP title is a bit off. Land in general can not be purchased by Non Thais. Condos and other types of property can be bought by non Thais Link to comment Share on other sites More sharing options...
Suradit69 Posted August 25, 2018 Share Posted August 25, 2018 10 hours ago, markaoffy said: s it possible for Non Thai citizens to own property in Thailand and have no visa status at all! I know of Chinese buyers who own condos I know of many non-Chinese foreigners who own condos but only occupy them during the winter months while here on tourist visas. For the rest of the year they have no visa status. Hardly a Chinese phenomenon. For about ten years while working in Abu Dhabi I owned my condo that I occupied only 3 or 4 months a year. The rest of each year I had no visa status ... until I retired and took up full time residence. Link to comment Share on other sites More sharing options...
Suradit69 Posted August 25, 2018 Share Posted August 25, 2018 9 hours ago, kevin612 said: You never know how the condo end up what happen. Stunning observation. Link to comment Share on other sites More sharing options...
brommers Posted August 25, 2018 Share Posted August 25, 2018 It is wrong to say Thai people are greedy because I have numerous instances of just the opposite. One house owner where I rented actually reduced my rental when the exchange rate went south and she never increased it back to the contract price. I believe that if you give out bad attitude signals they will result in a negative attitude in return. Link to comment Share on other sites More sharing options...
Kwasaki Posted August 25, 2018 Share Posted August 25, 2018 11 hours ago, markaoffy said: As well as the fact they cheat tenants by not paying back deposits! Why don't they stay and not pay rent until the deposit recovered. 8 hours ago, gk10002000 said: The OP title is a bit off. Land in general can not be purchased by Non Thais. Condos and other types of property can be bought by non Thais Spot on.? Link to comment Share on other sites More sharing options...
jippytum Posted August 25, 2018 Share Posted August 25, 2018 To own a condo in Foreign name you need a bank account to transfer funds and a visa of some sort is generally required to open a bank account . However with a Thai company as a front there are no restrictions . A popular choice of the Chinese and others who wish to circumvent the law . Link to comment Share on other sites More sharing options...
spillige Posted August 25, 2018 Share Posted August 25, 2018 2 hours ago, jippytum said: To own a condo in Foreign name you need a bank account to transfer funds and a visa of some sort is generally required to open a bank account . However with a Thai company as a front there are no restrictions . A popular choice of the Chinese and others who wish to circumvent the law . I opened a Thai bank account to purchase a condo without a visa but I needed to show a sales agreement from the Condo Developer to do it. Link to comment Share on other sites More sharing options...
blackcab Posted August 25, 2018 Share Posted August 25, 2018 Moved to the Real Estate forum for specialist advice. Link to comment Share on other sites More sharing options...
ericthai Posted August 25, 2018 Share Posted August 25, 2018 8 hours ago, jippytum said: To own a condo in Foreign name you need a bank account to transfer funds and a visa of some sort is generally required to open a bank account . However with a Thai company as a front there are no restrictions . A popular choice of the Chinese and others who wish to circumvent the law . No visa is requied to open a bank account. Link to comment Share on other sites More sharing options...
bkkandy1308 Posted August 26, 2018 Share Posted August 26, 2018 I know of quite a few Singaporean property investors that own Thai property but have never set foot in Thailand. They base their investment decisions largely on what friends and family tell them. So, in short, you do not ever need to be in Thailand to own Thailand property. Link to comment Share on other sites More sharing options...
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