Buy a condo, no visa needed?

[sqwakvfr]

Met an interesting guy  while doing laundry. He asked how long I have been in CNX and I replied 7 years.  This guy said he was from Seattle,is an American citizen and was born in China.  He had been in CNX for a week and just loved it. He was going to buy a condo next week for 5 Million baht.  I asked if he had a long term visa and he said "no need because when I buy the condo I can stay as long as I own the condo".  He had told me he was 60 years old and retired.  I asked him where he heard that buying a condo allows him to stay in Thailand without a visa.  He said the real estate agent told him there were many long term beneftis to buying a  condo. This lead to a 20 minute serious converstaion about the need for all foreingers to obtain a proper visa and I that I never heard of buying a condo entitles the owner to right to stay in the country without a visa. He may have confused Thailand with other countries that allow such benefits after the purchase of a condo/apartment.  He did also state he wants stay in Thailand forever. I suggested he call his real estate agent as soon as possible.  I am not sure he believed me. 

 

Has anyone ever heard of such a tihng in LOS? 

[Asean Tiger]

No, he is confused or has been duped. Now if he has already One Million US dollars and other qualifications AND buys a USD 500,000   property in Thailand  he could qualify as a Wealthy Global person under the LTR visa scheme. 

[Jingthing]

Unfortunately not.

[proton]

Never believe an estate agent, immigration officer or Police officer at face value

[Peterw42]

Its only bridges that allow a stay so long as you own one.

It just so happens, I have a bridge I can sell you.

[bamnutsak]

1 hour ago, sqwakvfr said:

Has anyone ever heard of such a tihng in LOS? 

 

My vaguest recollection was that, way back when, the investment visa was 3,000,000 THB, now it's 10,000,000 I think.

 

 

[Keeps]

23 hours ago, Peterw42 said:

Its only bridges that allow a stay so long as you own one.

It just so happens, I have a bridge I can sell you.

Does it have any existing AN members already living underneath it? I am quite interested but not really looking for sitting tenants.

 

Taking into account the number of trolls on AN I suspect it might be a bridge of multiple occupancy.