john donson Posted Saturday at 03:04 AM Share Posted Saturday at 03:04 AM IF I could find a Thai bank that give me a mortgage to buy a condo, there is no need for a FET for the land department ? Yes, chances are slim to zero... I would offer the whole sum as collateral + make them 5-7% a year but would want to pay it off quickly. Money is in Thailand since 2011, was sent to FCD account, converted to THB later, bank pretends they cannot make a new FET because it was 13 years ago, so royally screwed as I do not want to sent it back home country and back here and be taxed 25% at least Yes money was sleeping in an low interest account, till I got divorced as I never expected to lose my current house in ex name, blabla... Anybody else in this situation ? Link to comment Share on other sites More sharing options...
Delight Posted Saturday at 05:07 AM Share Posted Saturday at 05:07 AM Inorder to buy a condo in a a foreign name you will always require a FET. The only solution that I can think of is to buy a condo that currently is in a company. The seller must accept Baht The benefit of company is that it is easy to bequeath. downside -you must have the company audited every year 1 Link to comment Share on other sites More sharing options...
Foxx Posted Saturday at 10:19 PM Share Posted Saturday at 10:19 PM If you have a foreign identification card there is not a requirement for the money to have come from abroad. That's according to this site: https://www.siam-legal.com/thailand-law/benefits-of-having-thai-permanent-residency/#:~:text=For instance%2C the,E. 2534 (1991). Link to comment Share on other sites More sharing options...
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