Proof Of Foreign Money?

[sbaker8688]

I've read several times that you have to have proof that the money came from outside the country to buy property. I assume this means any property, whether it's a condo, house, or vacant land.

My question - does this only apply to real estate, or does it also apply to buying a business or shares in a corporation?

Thanks

[nokmdk]

Good question though i'm sure its been talked about a few times now in the threads. A quick search will show what they have all said. I would imagine that the money for anything would have to come from outside of Thailand. Unless a workpermit is in hand? I'll let the professionals answer more.

[charles]

I've read several times that you have to have proof that the money came from outside the country to buy property.  I assume this means any property, whether it's a condo, house, or vacant land.

My question - does this only apply to real estate, or does it also apply to buying a business or shares in a corporation?

Thanks

<{POST_SNAPBACK}>

Unless you have residency, you do need proof that money came from outside the country to buy a condo. Generally speaking, you can't buy a house or land in your own name wherever the money comes from.

Money for buying shares does not have to come from outside the country.