Buy Condos And Let Rent It

[ultime]

Hi,

I'm willing to buy 2 condominiums and let rent them but I've been told that foreigners name can't let rent more than one condominium.

I own an offshore BVI company, it appears that an offshore company can own condos in Thailand and there is no limit to let rent them, does anybody can comfirm this please?

Thanks.

[tangoll]

I do not know about a BVI company owning a condo in Thailand. You need to check this with a local lawyer, but I think I can safely say that the Land Dept office will express all kinds of difficulties to transfer ownership of your condo to your BVI company's name when it becomes time to complete the transaction.

There is no limit to the number of condos that an owner can rent out. You would need to pay tax on the rental income though.

If you are truly interested in purchasing condo units in prime locations of Bangkok, you can contact me, either leave a message here, or by email to <pcmar at netvigator dot com>