Popular Post snoop1130 Posted July 15, 2022 Popular Post Share Posted July 15, 2022 Effective from September, foreigners will be able to buy up to 0.16 hectares of land in Thailand for residential purposes if they meet certain requirements, said Government Spokesman Thanakorn Wangboonkongchana today (Friday). Land ownership in Thailand by foreigners is intended to attract pensioners, the wealthy, foreigners who want to work from Thailand and specialists who want to work in the country, he said. Basic requirements include a minimum investment of 40 million baht for at least three years in businesses in the kingdom or in an Infrastructure Fund in accordance with the Trust for Transactions in Capital Market Act B.E. 2550 (2007). Full Story: https://www.thaipbsworld.com/select-foreigners-can-own-0-16-hectares-1-rai-for-residential-use-in-thailand-from-september/ -- © Copyright Thai PBS 2022-07-15 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. Monthly car subscription with first-class insurance, 24x7 assistance and more in one price - click here to find out more! 60 Link to comment Share on other sites More sharing options...
Popular Post Thailand Posted July 15, 2022 Popular Post Share Posted July 15, 2022 De ja vu-again! 10 9 Link to comment Share on other sites More sharing options...
Popular Post 2 is 1 Posted July 15, 2022 Popular Post Share Posted July 15, 2022 So you have to have 1.1 million € and give up that for 3 years to get what!!!!!! 1 rai land. What kind house millionaire build in land size 1 rai!? Ok dont need cut grass coz dont have space for carden. 17 2 2 21 Link to comment Share on other sites More sharing options...
Popular Post peterfranks Posted July 15, 2022 Popular Post Share Posted July 15, 2022 As far as I'm aware, that has been the law for many years already. So what has changed? 11 2 Link to comment Share on other sites More sharing options...
Popular Post Reposed Posted July 15, 2022 Popular Post Share Posted July 15, 2022 40 million baht to 'own' less than 1/2 an acre...? Bwaaa-hahahaha! Beverly Hills wannabes... What business in today's economic climate would be wise to invest in, in the Land of Schemes? 17 1 3 4 Link to comment Share on other sites More sharing options...
Popular Post Boomer6969 Posted July 15, 2022 Popular Post Share Posted July 15, 2022 How can they overrate the attractiveness of this dump so much. 24 1 2 4 12 Link to comment Share on other sites More sharing options...
Popular Post hotandsticky Posted July 15, 2022 Popular Post Share Posted July 15, 2022 2 minutes ago, Boomer6969 said: How can they overrate the attractiveness of this dump so much. .....and YOU live here? 7 3 1 4 15 Link to comment Share on other sites More sharing options...
BKKTRAVELER Posted July 15, 2022 Share Posted July 15, 2022 I am a bit confused with this new scheme. Do you have to invest at least 40 million baht for 3 years PRIOR to be eligible to buy up to 1 rai of land? Or do you have to invest at least 40 million baht in a land of max 1 rai and keep it for a minimum of 3 years? 1 1 Link to comment Share on other sites More sharing options...
Popular Post Reposed Posted July 15, 2022 Popular Post Share Posted July 15, 2022 10 minutes ago, BKKTRAVELER said: I am a bit confused with this new scheme. Do you have to invest at least 40 million baht for 3 years PRIOR to be eligible to buy up to 1 rai of land? Or do you have to invest at least 40 million baht in a land of max 1 rai and keep it for a minimum of 3 years? Spokesman Thanakorn Wangboonkongchana: Oh, we haven't thought of that yet....get back to ya soonest. 2 16 Link to comment Share on other sites More sharing options...
Popular Post blackcab Posted July 15, 2022 Popular Post Share Posted July 15, 2022 38 minutes ago, 2 is 1 said: So you have to have 1.1 million € and give up that for 3 years to get what!!!!!! 1 rai land. No. You have to invest 40 million baht of foreign funds you have remitted to Thailand and exchanged in Thailand for Thai Baht. Then you have to purchase the land after you have received permission. Just the 40 million baht gets you no land. This law has been in existence for many years, it is just being dusted off and put into practice. The key point from previous times is that you could not sell or bequeath the land to a non-Thai citizen, which might create problems for inheritance planning. 19 2 Link to comment Share on other sites More sharing options...
pokerface1 Posted July 15, 2022 Share Posted July 15, 2022 55 minutes ago, 2 is 1 said: So you have to have 1.1 million € and give up that for 3 years to get what!!!!!! 1 rai land. What kind house millionaire build in land size 1 rai!? Ok dont need cut grass coz dont have space for carden. The wealthy Chinese would be okay as they often build up to the boundary limits with no garden it’s quite a common practice in Australia. 2 Link to comment Share on other sites More sharing options...
Popular Post kevc Posted July 15, 2022 Popular Post Share Posted July 15, 2022 Everything they talk about concerning foreigners is always down to how much money they can squeeze out of them, certainly makes you feel welcome and wanted. 24 6 5 Link to comment Share on other sites More sharing options...
Popular Post garyk Posted July 15, 2022 Popular Post Share Posted July 15, 2022 (edited) 1 hour ago, Reposed said: 40 million baht to 'own' less than 1/2 an acre...? Bwaaa-hahahaha! Beverly Hills wannabes... What business in today's economic climate would be wise to invest in, in the Land of Schemes? This is more a bar-girl and a gullible foreigner scheme on steroids.. Edited July 15, 2022 by garyk 4 1 10 Link to comment Share on other sites More sharing options...
Popular Post Laughing Gravy Posted July 15, 2022 Popular Post Share Posted July 15, 2022 32 minutes ago, blackcab said: No. You have to invest 40 million baht of foreign funds you have remitted to Thailand and exchanged in Thailand for Thai Baht. Then you have to purchase the land after you have received permission. Just the 40 million baht gets you no land. This law has been in existence for many years, it is just being dusted off and put into practice. The key point from previous times is that you could not sell or bequeath the land to a non-Thai citizen, which might create problems for inheritance planning. Well put. I guess its difficult to cure stupid. 1 3 Link to comment Share on other sites More sharing options...
Popular Post JonnyF Posted July 15, 2022 Popular Post Share Posted July 15, 2022 Do these guys not realize what that type of money can buy in Europe. And it's not subject to the whim of the next general. You actually own it forever. Your kids can inherit it. 40 million investment for 1 rai? Are they serious? 13 1 1 1 Link to comment Share on other sites More sharing options...
Popular Post redwood1 Posted July 15, 2022 Popular Post Share Posted July 15, 2022 1 Rai = 1600 meters... Enough room to build a modest house and maybe squeeze a small swimming pool in.....But that's about it... 2 1 Link to comment Share on other sites More sharing options...
2009 Posted July 15, 2022 Share Posted July 15, 2022 1 hour ago, 2 is 1 said: So you have to have 1.1 million € and give up that for 3 years to get what!!!!!! 1 rai land. What kind house millionaire build in land size 1 rai!? Ok dont need cut grass coz dont have space for carden. Yeah, it's just priceless. 1 Link to comment Share on other sites More sharing options...
Popular Post 2009 Posted July 15, 2022 Popular Post Share Posted July 15, 2022 34 minutes ago, kevc said: Everything they talk about concerning foreigners is always down to how much money they can squeeze out of them, certainly makes you feel welcome and wanted. Yeah, but they do it to each other too. Almost everyone is a con artist here. They've grown up around this kind of behavior and learned all the tricks of the trade. Then, us farang come over all kind, honest, naive, and as dumb as mules. Easy money. 5 2 3 1 Link to comment Share on other sites More sharing options...
Popular Post overherebc Posted July 15, 2022 Popular Post Share Posted July 15, 2022 (edited) 16 minutes ago, redwood1 said: 1 Rai = 1600 meters... Enough room to build a modest house and maybe squeeze a small swimming pool in.....But that's about it... Where do you put the 2 car garage? Or do you leave the Bentley on the street? Edited July 15, 2022 by overherebc 9 Link to comment Share on other sites More sharing options...
Popular Post blackcab Posted July 15, 2022 Popular Post Share Posted July 15, 2022 25 minutes ago, JonnyF said: 40 million investment for 1 rai? Are they serious? No, a 40 million investment to obtain permission to buy up to 1 rai. You have to additionally pay market rates for the land. 1 rai in Bangkok in upper Sukhumvit will cost another 20-30 million. 1 rai on the centre of Bangkok up to 800 million. 2 1 1 Link to comment Share on other sites More sharing options...
Popular Post peterfranks Posted July 15, 2022 Popular Post Share Posted July 15, 2022 13 minutes ago, overherebc said: Where do you put the 2 car garage? Or do you leave the Bentley on the street? One Rai is plenty. I have 1 Rai, built a 350 sqm house, 3 bedrooms and double car carport, a 11 x 6 meter swimming pool, 40 sqm maids quarters on it. And guess what, I still have 800 sqm meter of lawn left. Far too much to maintain. 12 1 1 1 Link to comment Share on other sites More sharing options...
Popular Post dj230 Posted July 15, 2022 Popular Post Share Posted July 15, 2022 I mean if people are buying magical coins on the internet for tens of thousands of dollars, this might just work 4 11 Link to comment Share on other sites More sharing options...
Popular Post steelerian Posted July 15, 2022 Popular Post Share Posted July 15, 2022 how do the monkeys who dream up these crazy schemes remain in positions of power? i love this country, but man is it retarded. 10 1 2 Link to comment Share on other sites More sharing options...
EricTh Posted July 15, 2022 Share Posted July 15, 2022 As if many multi-millionaires want to come to live in Thailand and just buy 1 rai of land. With 40 million baht you can get a decent house in a western country. 2 Link to comment Share on other sites More sharing options...
Gottfrid Posted July 15, 2022 Share Posted July 15, 2022 3 hours ago, peterfranks said: So what has changed? They are now marketing the possibility Link to comment Share on other sites More sharing options...
nattaya09 Posted July 15, 2022 Share Posted July 15, 2022 Delusions of grandeur ???? 1 Link to comment Share on other sites More sharing options...
blackcab Posted July 15, 2022 Share Posted July 15, 2022 Off topic posts have been removed. Link to comment Share on other sites More sharing options...
Popular Post pomchop Posted July 15, 2022 Popular Post Share Posted July 15, 2022 40,000,000 Thai Baht equals 1,092,299.20 United States Dollar 5 Link to comment Share on other sites More sharing options...
Popular Post webfact Posted July 15, 2022 Popular Post Share Posted July 15, 2022 Thailand eyes 1 million new expats with 10 year visas and land ownership By Online Reporter Thai government spokesperson Thanakorn Wangboonkongchana. File photo Thailand hopes that offering 10 year visas and the option to own land for residential use will help to attract 1 million new expats, which in turn will generate over 1 trillion baht to the local economy. Up until now, foreigners owning land in Thailand had been prohibited. However, government spokesperson Thanakorn Wangboonkongchana on Friday (July 15) confirmed plans to relax Thailand’s rules on land ownership for foreigners. The move, first reported by Hua Hin Today earlier this week, and still subject to cabinet approval, would see foreigners granted permission to own land for residential purposes providing they invest 40 million baht, (approximately US$1 million) in Thailand over three years. Full story: https://www.huahintoday.com/hua-hin-news/thailand-eyes-1-million-new-expats-with-10-year-visas-and-land-ownership/ -- © Copyright Hua Hin Today 2022-07-16 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. Monthly car subscription with first-class insurance, 24x7 assistance and more in one price - click here to find out more! 5 Link to comment Share on other sites More sharing options...
webfact Posted July 15, 2022 Share Posted July 15, 2022 Thailand’s new policy on land ownership rights aims to boost domestic economy among high-potential foreigners, government says By Nop Meechukhun PHOTO: Prachachat Bangkok – The Thai government has clarified in that the policy of land ownership rights to attract high-potential foreigners that it only aims to allow specific foreign investors for housing with not more than 1 rai in specified areas, without selling the entire land. Government spokesperson Thanakorn Wangboonkongchana stated today, July 15th, that the government would grant permission to certain groups of high potential foreigners to stay in the Kingdom according to economic and investment stimulus measures issued on May 25th, 2022. The four main groups of high-potential expatriates are the wealthy population, the retirees, the businessmen/investors who want to work in Thailand, and special “experts”. Full story: https://thephuketexpress.com/2022/07/15/thailands-new-policy-on-land-ownership-rights-aims-to-boost-domestic-economy-among-high-potential-foreigners-government-says/ -- © Copyright The Phuket Express 2022-07-16 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. Monthly car subscription with first-class insurance, 24x7 assistance and more in one price - click here to find out more! 1 Link to comment Share on other sites More sharing options...
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