Thailand

In Thailand, foreigners are required to obtain a tax identification number (Tax ID) during the finalization stage of a property purchase, particularly when paying taxes related to the transaction. This number is necessary for registering the property in the buyer’s name and reporting to the tax office, for example, when calculating notary fees or sales tax. The tax identification number is crucial for completing the legal formalities associated with property purchases in Thailand.

To obtain a tax identification number (Tax ID) in Thailand, a foreigner must visit the local tax office (Revenue Department) and submit the required documents.

To open a bank account in Thailand, a foreigner must visit the bank and submit the necessary documents.

Yes, documents translated from a European language to English for use in Thailand must be certified with an apostille to be recognized by Thai authorities. An apostille is an international certification of document authenticity and is required for foreign documents such as contracts, notarial deeds, and powers of attorney. After obtaining an apostille, the documents can be translated and presented to the appropriate Thai authorities, such as the Land Department, during property transactions.

Yes, a bank in Thailand will need proof of the source of funds for purchasing property, especially if you are a foreigner. This requirement stems from anti-money laundering regulations. The bank will require evidence that the funds for the purchase are legally sourced, such as by providing documentation like sale agreements, bank statements, or income-verifying documents. This documentation must be provided when completing the transfer and registering the property.

Yes.

To check the land registry (Land Title Deed) in Thailand, one must visit the office responsible for land and property registration, known as the Land Office. In Thailand, land registries are stored and managed by these offices, which are located in each region and province. Here are the steps to check the land registry:

• Visit the Land Office
  Locate the appropriate Land Office: A land registry check must be conducted at the office in the region where the property is located. Each province has its local branch of the Land Office.
  Submit an access request: You can visit the local Land Office in person and submit a request to view the land registry for a specific property. You must know the plot number or other identifying details of the property.
  Documentation: The Land Office official will review the land registry and may provide details on the owner, encumbrances, mortgage, and legal status of the property.
• Authorize a local lawyer or agent
  If you are unfamiliar with the Thai legal system, you can authorize a local lawyer specializing in real estate or a transaction agent to check the land registry on your behalf. A Thai lawyer or agent can also assist in interpreting the records and clarifying the property’s legal status.
• Online
  In Thailand, there is no publicly accessible, online system for checking land registries, as in some other countries. This process requires an in-person visit to the Land Office or acting through a lawyer.

Important Notes:

• Types of land titles: There are various types of land ownership documents in Thailand, such as Chanote (full ownership title), as well as Nor Sor 3 and Nor Sor 3 Gor (which grant ownership rights with certain restrictions). A land registry check will help identify the type of document.
• Translation: All documents will be in Thai, so a sworn translator may be needed if you are not fluent in the language.

Checking the land registry in Thailand is crucial before purchasing a property to ensure the seller is indeed the property owner and that there are no debts or other legal restrictions on the property.

Several types of taxes and fees must be paid when buying property in Thailand. These costs may be divided between the buyer and seller, depending on the agreement. Below are the main taxes and fees related to purchasing property in Thailand:

• Transfer Fee
  Amount: 2% of the property’s value (assessed by the tax office, not necessarily the market value).
  Who pays: These costs are typically shared between the buyer and seller, but this can be agreed upon individually in the contract.
• Specific Business Tax (SBT)
  Amount: 3.3% of the property sale price (or assessed value if higher).
  When it applies: This tax is levied if the seller sells the property within five years of purchase, except in some cases such as a private sale without intent to trade properties.
  Who pays: Typically paid by the seller but may be negotiated.
• Withholding Tax on Capital Gains
  Amount: Depends on the seller’s status:
  • For individuals: Tax is calculated on a progressive scale based on the property’s value and the duration of ownership. The final amount is calculated based on Thailand’s income tax scale (0% to 35%).
  • For companies: The rate is 1% of the sale price or assessed value (whichever is higher).
    Who pays: Usually paid by the seller.
• Stamp Duty
  Amount: 0.5% of the property’s sale price (or assessed value).
  When it applies: Stamp duty is only payable if there is no requirement to pay the Specific Business Tax (SBT).
  Who pays: Typically paid by the seller.
• Land and Building Tax
  Amount: Introduced in 2020, tax rates vary depending on the type of property:
  • Residential properties: 0.02%-0.1% of the assessed value.
  • Agricultural land: 0.01%-0.1%.
  • Other types of property (e.g., commercial): up to 1.2%.
    Who pays: This annual tax is paid by the property owner.

Important Notes:

• Negotiations: The responsibility for paying individual taxes can be negotiated. Transfer costs are often split between buyer and seller, while taxes like the Specific Business Tax and capital gains tax are usually borne by the seller.
• Tax Valuer: Tax offices assess the property’s value for tax purposes, which may differ from the actual purchase price on the market.

Taxes and fees vary based on the property type, its value, and the length of ownership before sale.

To purchase property in Thailand via a proxy, you must draft an appropriate Power of Attorney authorizing the designated person to act on your behalf during the purchase process.

You can create a specific power of attorney, which grants the agent permission to perform specific tasks solely related to purchasing property. This is the most common type of power of attorney in such transactions. A general power of attorney is also possible, but it’s less common since it grants the agent broader powers beyond the property purchase itself.

Notarized Authentication

The power of attorney must be notarized, especially if you are outside Thailand and sending documents from abroad. A notary will confirm your identity and signature. If the document is prepared outside Thailand, it may also require legalization by the Thai embassy or consulate in the country where it was drafted.

Translation to Thai

If the power of attorney is in another language (e.g., English), it may need to be translated into Thai by a certified translator. Thai authorities, especially the Land Department, may require a Thai version.

Monthly fees vary based on the type of property, location, amenities, and management policies. Here are the main costs property owners might face:

• Maintenance Fees:
  • Apartments: Typically collected monthly or annually for maintaining common areas (e.g., pool, gym, security, cleaning). Costs range from 3 to 12 THB per square meter.
  • Detached Homes: In gated communities, fees range from 500 to 5,000 THB monthly, depending on location and services.
• Property Tax:
  • Since 2020, property tax rates range from 0.01% to 0.1% of the property’s value, depending on usage (residential, commercial, etc.). Owners of units valued under 50 million THB may be exempt.
• Utility Bills:
  • Electricity: Costs range from 0.1 to 0.2 USD per kWh, with average monthly bills between 30 to 100 USD for units with air conditioning.
  • Water: Monthly costs are low, around 6 to 15 USD.
  • Internet and Cable: High-speed internet costs between 15 to 40 USD monthly, depending on provider and speed.
• Sinking Fund:
  • A one-time fee upon purchasing a condo, typically between 10 and 25 USD per square meter, used for future major repairs.

Taxes depend on the type of property rented, its value, and whether renting is a business activity. Rental income in Thailand incurs income tax on a progressive scale from 5% to 35%, property tax from 0.3% to 0.7%, a 1% rental tax, and potentially 7% VAT (for commercial leases).

Capital gains tax applies to transactions increasing asset value. The rate depends on factors like property type, ownership duration, and transaction amount.

Foreigners can purchase property, but there are restrictions on land purchases. Buying a condominium is the easiest option, as foreigners can own these properties outright.

Property management fees in Thailand vary depending on property type and service scope. Typical fees include:

• Property Management Fees:
  • Condominiums: Typically 5-10% of monthly rental income. Higher standards (e.g., luxury apartments) may incur higher fees.
  • Private Homes: Fees range from 10-20% of monthly rental income.
• Tenant Placement Fees:
  • Agencies often charge 50-100% of the first month’s rent for tenant placement, depending on the property value and lease term.
• Advertising and Promotion Fees:
  • Agencies may charge extra for professional photos, online ads, or local media listings.
• VAT:
  • Thailand’s VAT is 7% on some services, including property management.

Foreigners can invest in commercial properties, including hotels, by partnering with Thai citizens, leasing land long-term, or through investment incentives offered by Thailand’s BOI agency. Consulting a lawyer or financial advisor in Thailand is recommended to understand local regulations.

Converting a condo into an office requires approvals from local authorities, compliance with building regulations and safety codes, and business registration. Local regulations apply, especially in condominiums, so consulting a legal or tax advisor is recommended.

Capital gains tax applies to property sales, based on the difference between purchase and sale prices. Tax rates depend on factors like property type and ownership duration.

Yes, inheritance is possible, but consulting a lawyer is advisable to ensure a smooth process.

If purchasing property as a company for commercial use, VAT is deductible if the company is VAT-registered. Refunds apply only in specific cases where input VAT exceeds the VAT owed. Consulting a tax advisor is recommended.

Renovation rules vary by property type and location:

• Apartment Management Consent: Approval is needed for structural changes that may affect building stability.
• Structural and Construction Changes: Major renovations require permits from local authorities for safety compliance.
• Private Homes: Restrictions are generally lighter, though changes to utilities or major structural modifications may still need permits.

All renovations must comply with Thai building and safety standards.

Basic insurance like fire and liability insurance is usually required, while others (e.g., flood or construction insurance) may be recommended based on property type and location.

Foreign banks typically cannot directly establish a mortgage in Thailand. Mortgages are generally provided by Thai banks, requiring cooperation with a Thai financial institution.

Transferring ownership to a family member incurs certain tax obligations, even for gifts or sales. Consulting a lawyer or tax advisor helps ensure compliance with regulations.

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Renting to tourists in Thailand involves income tax on rental earnings, which varies based on rental volume, as well as VAT for long-term rentals. Local laws may also require additional permits or taxes.

The finishing standard for developer properties in Thailand can vary significantly based on location, project type, and market segment (low, mid-range, luxury). Generally, developers in Thailand offer both “shell and core” (structurally finished) and “turnkey” (ready to move in) standards. Here are the main features of developer property finishing standards in Thailand:

Basic Finish (Shell and Core)

• Walls and Floors: Properties offered in a basic finish may have finished walls (usually painted in white or neutral colors) and prepared floors (e.g., concrete, without a final finish).
• Installations: Electrical and plumbing installations are typically in place but may lack final fittings like switches, outlets, or bathroom fixtures.
• Windows and Doors: Windows and doors may be installed but without full finishing details (e.g., without handles or skirting boards).
• No Furniture: In a shell state, the property is generally unfurnished, with no appliances or kitchen and bathroom fixtures.

This standard is more popular for standalone houses or villas, where buyers often want to finish the interior to their own preferences.

Turnkey Finish

• Floors: Properties in the “turnkey” standard are usually finished with high-quality materials, such as porcelain tiles, parquet, or laminated panels, depending on the price segment.
• Walls: Walls are finished, painted, or wallpapered, ready for move-in.
• Kitchen: The kitchen is usually equipped with cabinets, countertops, a sink, and basic appliances like a stove, induction hob, or hood. In luxury apartments, an oven, dishwasher, or refrigerator may also be included.
• Bathrooms: Bathrooms are fully finished and equipped with sinks, shower enclosures, toilets, mirrors, and bathroom fixtures. Luxury apartments may also include a bathtub or bidet.
• Air Conditioning: In the “turnkey” standard, most properties in Thailand have split-type air conditioning in the main rooms (e.g., living room and bedrooms).
• Furniture: Sometimes, developer properties come with basic furniture (e.g., built-in wardrobes, beds, table, and chairs), but this is more common in “fully furnished” investments.

Luxury Finishing

In luxury and premium projects, you can expect a higher finishing standard:

• Materials: Natural stones (e.g., marble, granite), high-quality wooden floors, tempered glass, premium fixtures.
• Kitchens and Bathrooms: The highest quality appliances and materials, often from premium brands. Fully equipped kitchens with the latest appliances.
• Smart Technologies: In some luxury projects, “smart home” solutions are available—control of lighting, air conditioning, blinds, or security systems via mobile apps.
• Large Windows and Terraces: Luxury properties often offer panoramic windows with views and spacious terraces or balconies.

Additional Services and Amenities

Developer properties in Thailand, especially in condominium segments, also offer numerous amenities, such as:

• Pools and Gyms: Many projects have pools, gyms, and even spas available to residents.
• Security and Monitoring: Standard includes 24/7 security, surveillance, and building access via magnetic cards or biometric systems.
• Concierge Services and Rental Management: In luxury condominiums, concierge services and rental management options for investors are often available.

Customization Options

In some projects, especially high-end ones, developers offer buyers the opportunity to customize interior finishes (e.g., color, materials, or layout) during the construction phase.

It is advisable to use the services of a local financial advisor or lawyer specializing in mortgages and real estate to better understand the process, available offers, and regulations regarding mortgages for foreigners in Thailand.

Banks in Thailand offer mortgages to foreigners (who have residence and income in Thailand) for purchasing properties, mainly condominiums. The loan terms, including financing amount and required documents, may vary depending on the bank and property specifics. Thorough research and consultations are recommended before deciding on a purchase.

Developers in Thailand often offer the option to obtain financing for property purchases, both through their own financing programs and partnerships with banks. However, it’s worth carefully researching the available options and terms to make the best financial decision.

To obtain a license for short-term rental of an apartment in Thailand, you must register a business, obtain the appropriate licenses and approvals, comply with local regulations, and ensure suitable conditions for guests. Due to variations in regulations across regions, it’s always worth consulting with a local lawyer or real estate advisor to ensure compliance with all legal requirements

The down payment for purchasing property on credit in Thailand is usually between 20% and 30% of the property’s value, and foreigners may face additional requirements. It’s advisable to consult local specialists for detailed information on a specific case.

The annual property tax in Thailand ranges from 0.01% to 0.3% of market value, depending on the property’s use. Owners may apply for exemptions and tax relief, and the tax is calculated based on the market value determined by local authorities. Consulting a local tax advisor for details on specific situations is always recommended.

It is advisable to use the services of a local financial advisor or lawyer specializing in mortgages and real estate to better understand the process, available offers, and regulations regarding mortgages for foreigners in Thailand.

Banks in Thailand offer mortgages to foreigners (who have residence and income in Thailand) for purchasing properties, mainly condominiums. The loan terms, including financing amount and required documents, may vary depending on the bank and property specifics. Thorough research and consultations are recommended before deciding on a purchase.

A Thai bank may block a transfer from Europe for property purchases for various reasons, including capital transfer regulations, document verification, and compliance with legal requirements.

Before making a transfer, it’s worth consulting with a lawyer or advisor specializing in real estate purchases in Thailand. This can help avoid issues related to documentation and regulatory compliance.

Communication with the Bank: Contact the Thai bank and inquire about specific requirements for international transfers in the context of purchasing property to ensure that you meet all criteria.

If spouses have a marital agreement, they are required to present it during the transaction.

Yes, you can pay for property in Thailand via a transfer from a European bank, but certain requirements must be met:

The transfer must be made in a foreign currency, typically U.S. dollars (USD), which the Thai bank will then convert to Thai baht (THB). The Thai bank will issue a Foreign Exchange Transaction Form (FETF) certificate, which is necessary for registering property in a foreigner’s name. It is important to include correct information on the transfer, such as the purpose, to avoid issues during registration. Before the transaction, it is advisable to contact a Thai bank or consult your lawyer to ensure all requirements are met.

Yes, you can pay for property in Thailand using a transfer from Revolut, but certain requirements must be met:

The transfer must be made in Thai baht (THB). The Thai bank will issue a Foreign Exchange Transaction Form (FETF) certificate, which is necessary for registering property in a foreigner’s name. It is important to include the correct information on the transfer, such as the purpose, to avoid issues during registration. Before the transaction, it is advisable to contact a Thai bank or consult your lawyer to ensure all requirements are met.

Yes, documents intended for use in Thailand must be translated to English and authenticated with an apostille to be recognized by Thai authorities.

Transfer fee and tax reductions (temporary): The Thai government occasionally introduces temporary reductions on transfer fees and taxes associated with real estate transactions to stimulate the market. For example: The transfer fee may be reduced from 2% to 0.01%-0.1% under temporary government relief measures. Similarly, the Specific Business Tax or Stamp Duty may be reduced. These benefits are often available for a limited time and may apply to both Thai citizens and foreigners. It is advisable to monitor legal changes and consult a lawyer or real estate agent. Benefits for businesses and investors: If you are purchasing property as part of a business or investment, certain tax benefits may be available under special programs supporting foreign investments, such as in economic zones or in collaboration with BOI. This may include lower taxes for businesses investing in commercial or industrial properties. Property purchase as part of an investment program: Under certain investment programs, the Thai government offers facilities for foreigners buying property, such as the Thailand Elite Visa program, which may include preferential tax treatment, depending on the program.

Yes, in this situation, both spouses should be present in person, or one spouse may represent the other with a Polish notarized power of attorney translated into English with an apostille.

Yes, but only after all inspections are completed and the building occupancy permit is issued.

Typically, it is 14 days.

Choosing a reputable developer: Check the developer’s background: Research the developer, including reviews from other clients, completed projects, and their market reputation. Ensure the developer has the necessary licenses and certifications. Consulting professionals: Hire a local real estate agent: A good agent can help you find the right property, negotiate the price, and understand local regulations. Consult a lawyer: Use a real estate lawyer to help you understand contracts, regulations, and ensure transaction security. Remote property viewing: Virtual tours: Many developers offer virtual property tours. Ensure you can view the property from various angles to get a complete picture. Documentation: Prepare documents: Make sure all property documents are complete, including the sales contract, building permits, title deed, etc. Verify that the developer has permission to sell the property to foreigners. Secure payment methods: Use secure payment methods: Avoid sending money through untrusted channels. Use escrow accounts, which securely hold funds until contract conditions are met.

Safely buying property in Thailand online requires diligence and proper preparation. Working with experienced professionals, thorough research, and understanding local regulations are key elements to a secure purchase process

Buying property in Thailand can be complex, especially for foreigners. Therefore, hire a real estate agent. Working with an experienced agent can ease the buying process. The agent can assist with negotiations and understanding local regulations. Consider using a lawyer specializing in real estate law to ensure all contracts comply with the law.

Steps: Reservation agreement Deposit payment. Sales agreement. Document preparation. Payments. Transaction completion. Property registration.

International transfer: If buying property as a foreigner, you must transfer funds from abroad to a Thai account. Thai law requires that the funds for purchasing property (e.g., condominium) originate from abroad. The receiving bank must issue a Foreign Exchange Transaction Form (FETF) (for transactions above USD 50,000), which confirms that the funds came from abroad. This document is required for property registration in your name.

2. Thai bank account:

You can open a Thai bank account if you plan to purchase property. Funds transferred from abroad to this account can later be used to pay the developer or seller. The transaction should be labeled “For the purchase of property in Thailand” to meet legal requirements.

3. Cash payment:

In exceptional cases, cash can be used to buy property; however, large cash transactions are rare and require proof of the source of funds. Anti-money laundering regulations can complicate this method, so a bank transfer is recommended.

Note that:

For foreign currencies: If you carry cash over USD 20,000 (or equivalent in other currencies), you must declare it upon entering Thailand. This includes both cash and other easily negotiable financial instruments like traveler’s checks. Failure to declare larger amounts may lead to confiscation, so it’s essential to comply with these regulations.

Yes, we provide legal assistance for an additional fee.

The property purchase should be well-planned to avoid this situation. However, if the transaction cannot proceed due to valid reasons, you may negotiate with the developer, who might agree to cancel the contract without losing funds if valid arguments are presented. It’s always worth discussing this with the developer before signing the contract.

No, there is no such requirement. The essential point in this situation is to provide all necessary documents.

The reservation payment is made by a bank transfer.

Yes, unfortunately, there is a risk that a developer in Thailand may not complete the construction, as in many other countries. Construction projects can sometimes be delayed or halted entirely for reasons such as financial problems, insufficient management, issues with permits, or a lack of buyers. To minimize this risk, pay attention to a few key points before buying property in a development project:

Developer’s reputation Check the developer’s history and reputation. Established developers are more likely to complete the project. Reviewing past projects, reviews, and buyer feedback is advisable. Preliminary agreement Carefully analyze the preliminary agreement (Pre-Sale Agreement) terms. Ensure it includes information on the construction completion date and any penalties for delays. The agreement should also contain clauses on fund reimbursement in case the developer fails to complete construction. Escrow account Thailand has introduced escrow regulations to help protect property buyers. Funds paid by the buyer are held in an escrow account and disbursed to the developer only when the construction milestones are met.

After selecting a property, you may submit a reservation application, usually including basic information such as your contact details and property preferences.

Reservation deposit: Most developers require a deposit ranging from approximately 270 EUR to 2,700 EUR. The deposit amount may vary depending on the developer and the property’s value. This payment serves as security for the developer that you are serious about purchasing the property.

Reservation agreement: After paying the deposit, the developer prepares a reservation agreement detailing the property, reservation conditions, and deposit refund terms in case of cancellation. Be sure to read and understand the terms before signing.

For example, if you buy property worth approximately 133,000 EUR, the total fees may look like this:

• Civil transaction tax: 2% of 133,000 EUR = 2,660 EUR
• Registration fee: 0.01% of 133,000 EUR = 13 EUR
• Notary fees: 1.5% of 133,000 EUR = 1,995 EUR
• Insurance: 270 EUR (example amount, depends on policy)

Total fees: Approximately 4,938 EUR (excluding capital gains tax and other potential costs).

Total fees for purchasing property in Thailand can vary significantly depending on property value and local regulations. It’s advisable to plan for additional expenses to avoid unpleasant surprises during the purchase process. Consulting a local lawyer or advisor for detailed cost information is always a good idea.

If the client selects a different property from the Devetoper database, the agent will receive compensation for the transaction.

It depends on the developer and the amount of the deposit.

Buyers have several options to enforce their rights if the developer fails to meet the contract terms: negotiating with the developer, taking legal action, withholding payments, or using an escrow agreement. It’s best to consult a real estate lawyer to determine the optimal strategy.

Typically, it’s 30% or more.

The reservation process may take about 7 days from the time the property is selected.

Yes

Yes, but there are some restrictions on land purchases. The easiest option is to buy a condominium, where foreigners can hold full ownership.

Yes

Buying property in Thailand’s primary market can be safe but requires proper preparation, including thorough verification of the developer, legal status of the property, and using professionals like lawyers or agents. Compliance with local regulations, including foreign land ownership restrictions, is essential for a safe and legal transaction.

The lawyer’s fee depends on the transaction value and the required activities to finalize it.

No, an authorized person with a notarized power of attorney, such as an agent, can sign on your behalf.

Yes, but keep in mind there are restrictions on bringing cash into Thailand.

The costs associated with owning property in Thailand vary depending on the property type and its intended use, but owners should account for taxes, management fees, repair and maintenance costs, and any legal expenses. For those renting out properties, additional costs may include rental income tax.

Owning property in Thailand does not affect your tax residency unless you meet additional conditions related to the length of stay and other criteria that may establish your tax resident status in Thailand. For detailed information on tax residency rules, it’s advisable to consult a tax advisor in Thailand.

Foreigners can purchase property in Thailand through a company, provided they meet certain legal requirements, including a minimum Thai ownership percentage in the company. However, full land ownership rights for foreigners remain restricted. Consulting a lawyer is recommended to ensure compliance with Thai law.

No, this is not possible. However, you can use a mortgage loan where you receive funds from the bank for any purpose, with the mortgage secured on a property in Poland. However, this type of loan comes with high interest rates.

In Thailand, after purchasing property, you can rent it out, but several factors should be considered:

• Rental Intent Declaration: If you are buying as a foreigner, ensure the property complies with foreign land ownership regulations. This generally means it must be a condominium, where foreigners can own up to 49% of units in a building.
• Rental Agreement Registration: After purchasing the property, you don’t need additional permits to rent it out, but it’s important to register the lease with local authorities (especially if the tenant is foreign) to avoid issues with Thai immigration services.
• Rental Income Taxes: Renting out property requires income tax payments. Rental income is taxable in Thailand. Foreigners must register with the Thai tax office and pay income tax on rental income.
• Ban on Short-Term Rentals: Short-term rentals (e.g., under 30 days) are regulated and require a special license. Short-term rentals, similar to those offered on platforms like Airbnb, may involve additional registration and licensing requirements in Thailand.
• Tenant Protection: Thai laws protect tenants, so it’s essential to include appropriate terms in the rental agreement, specifying rent amounts, payment dates, and obligations of each party.
• Property Management: If you do not live in Thailand, consider working with a property management agency to assist with daily management, lease negotiations, and property maintenance.

You can sell or gift the property in Thailand, but the process requires adherence to local foreign property ownership regulations. Tax obligations related to these transactions should also be considered. It’s recommended to consult a lawyer or advisor to ensure the entire process is legal.

In the case of two or more property owners, all parties’ consent is required for the sale.

Yes, developers in Thailand are required to provide warranties on new properties covering structural defects and other issues. The warranty period depends on the type of defect and can range from 1 to 5 years. During this period, property owners have the right to request repairs or replacements of defective items.

In Thailand, buying property does not directly entitle you to citizenship. While there are programs for long-term stays, such as the investment visa, property ownership does not automatically lead to citizenship:

• Citizenship by Investment: Thailand offers programs like the “Investor Visa” or “Thailand Elite Visa,” which allow foreigners to stay long-term in the country, but these do not directly lead to citizenship. These programs may require investment in property, but there is no guarantee of citizenship after several years.
• Residency Programs: Those seeking residency in Thailand can apply for a residence visa based on investment or long-term stay. To apply for citizenship, additional requirements like a specific length of stay in Thailand (usually 5 years with residence status) and financial stability must be met.
• Naturalization Process: To gain Thai citizenship, one must undergo a naturalization process, including Thai language proficiency, income requirements, length of stay, and integration into Thai culture. Property investment alone is insufficient for citizenship eligibility.

Summary:

Purchasing property in Thailand does not provide automatic citizenship. However, you can apply for long-term residency through investment, which may facilitate obtaining an investment visa or Elite Visa, but the naturalization process for citizenship requires meeting more specific criteria.

Thailand does not specify a limit on the number of properties a foreigner can purchase. However, there are regulations on the maximum area of property ownership allowed to foreigners.

Buying property in Thailand does not grant automatic residency rights. However, depending on the investment amount and other factors, there are options for obtaining an investment, business, or retirement visa. Consulting a lawyer or visa advisor for detailed information on available options based on property plans is recommended.

Yes, it is possible, but a notarized power of attorney must be prepared.

Service is provided in Thai or English, but a Polish-language translator is available on-site.

Yes, airport pickup is provided.

No, accommodation during the stay related to the property purchase is not included in the price. We can help choose a hotel.

The maximum amount is the equivalent of 20,000 U.S. dollars.

During the visit to Thailand, you can view four properties per day.

If the client misses the flight and does not arrive at the airport in Thailand, they should contact DEVETOPER as soon as possible to inform about their absence and try to arrange a new, convenient meeting time. It is important to do this in advance. DEVETOPER understands such situations and may agree to reschedule.

If the client expects an extended absence and cannot personally participate in the purchase process, they may grant power of attorney to a trusted person who can represent them in Thailand. This person can act on their behalf, signing necessary documents and finalizing the purchase.

In some cases, it is also possible to sign documents remotely, for instance, using electronic signature tools. However, it is advisable to consult this option with a DEVETOPER advisor to ensure compliance with local law.

To reserve an apartment for a stay related to a property purchase, the client can either book independently through reservation platforms like Booking, or indicate their interest in reserving through the DEVETOPER platform via the intermediary panel. This process can only be initiated during the client’s trip registration for a property purchase in Thailand. In the form completed by the intermediary, the preferred type of apartment, length of stay, and number of people can be specified.

The keys to the property are provided upon signing the notarial deed.

No, the client will not receive a refund of the deposit, as the money will have already been allocated for the reservation of a hotel or apartment.

No, the mentioned services are not charged separately.

Yes, such support is provided by the intermediary.

Yes.

Yes, but remember that there are restrictions on bringing cash into Thailand.

In Thailand, there are no specific regulations regarding the maximum amount of the deposit in a preliminary agreement, but general guidelines on practices related to such agreements apply.

Deposit as part of the preliminary agreement: In a preliminary agreement, the deposit serves as security for both parties involved in the transaction. The deposit amount usually ranges from 5% to 10% of the property value, but it may vary based on negotiations between the parties.

Market practice: While the deposit is not formally legally restricted, in practice, it is an amount considered fair and aligned with market customs. Typically, this is a sum ranging from 5% to 10% of the property price, ensuring a serious commitment to the transaction.

Deposit refund rules: If the transaction does not proceed due to one party’s fault, the deposit may be refunded or retained, depending on the terms of the agreement. If the seller fails to fulfill the agreement terms, they are usually obligated to return the deposit in double the amount.

No formal limits: There are no statutory limits on the maximum deposit amount in Thailand, but this amount should be agreed upon in the preliminary agreement and be reasonable in the context of the property’s value.

It is recommended, especially if you are not a Thai citizen, to consult a real estate lawyer before signing a preliminary agreement to ensure the terms are appropriate and fair.