Investment Visa

[losangel27]

is there a requirement that you have to occupy the condo? or can it be a rental?

also.. can you buy 2 condos at 1.5 million each (total of 3 million) to qualify for the investment visa?

thanks

[Oleg_Rus]

yes, if you buy it first hand from project owner, not from previous owner, private person.

Another question - how to pay taxes for rented condo? who has to pay income and witholding tax for rental money ?

[Thaiquila]

Not sure about these questions, but I would like to raise a very relevant related point.

I read in a local Pattaya real estate magazine that the 3 million baht (assuming this visa is really available) must be based on what the LAND OFFICE values the property for tax purposes.

It is very common for this value to be MUCH LESS than the sales price.

For example, you might have to buy a 5 million baht condo to show a 3 million baht land office value.

I am not certain whether NEW DEVELOPMENTS are an exception to this and actually show a 1 to 1 relation between sales price and land office value.

[tuky]

any info on the visa conditions? length etc.