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Foreign
Buyer Info
Foreigner Buyer Information
Foreigners are allowed to purchase condominium units in Thailand
in their own name, but cannot own Land in their own name. For condominiums,
there is a maximum quota of 40% foreign ownership ratio which is calculated
on an area basis. In order to purchase a condominium, foreigners are
required to transfer funds from overseas with funds denominated in
foreign currency. Once the funds are transferred, they are required
to be marked as a "condominium purchase" and needs to be
verified through obtaining an "FET - Foreign Exchange Transfer"
certificate (previously called "Tor Thor 3") from the receiving
bank in Thailand. The FET document is required when transferring the
Title Deed at the Land Department for foreigners. |
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