Buying Property in Thailand
As a foreigner in Thailand, you are able to purchase certain types of property and invest in real estate. For the most cost-effective and convenient experience when purchasing or investing in property, you need a Thailand Privilege Visa.
This long-term privilege-entry visa provides exclusive advantages and luxury perks that make it easier and more rewarding to buy property in the country.
This article explains why the Thailand Privilege Visa is the best visa if you’re looking to buy property in Thailand for yourself or as an investment.
Can You Buy Property on a Thailand Privilege Visa?
With very few exceptions, no foreigner, regardless of visa, can purchase land in their name in Thailand. However, the Thailand Privilege Visa allows you to buy condominiums in Thailand, as well as villas and other structures, but not the land itself.
You can also invest in property such as condominiums with the intention of renting it out or reselling it. You can even own multiple condo units in different complexes, though not an entire condo development as Thai law also prevents foreign ownership of more than 49% of a development.
The Benefits of Buying Property in Thailand with a Thailand Privilege Visa
The best part of the Thailand Privilege Visa is the wealth of benefits you can enjoy that make investing in property easier and more rewarding. While there are hundreds of perks, here are some examples to enhance your experience:
Opening a Thai Bank Account
Being a member of Thailand Privilege allows you to open a Thai bank account much more easily than with other visa types, and you can get free assistance from Thailand Privilege staff. As property prices are high, it’s important to have an account to be able to pay the required fees and receive income if you’re renting your property.
As a valued member, you also have access to exclusive offers for savings and Foreign Current Deposit (FCD) account services at Bangkok Bank and Kasikorn Bank. This provides special conditions when you open a savings or an FCD account at one of these two leading banks in Thailand. Opening bank accounts of this kind is not possible with similar Thai visas.
Discounts and Special Deals
The Thailand Privilege Visa includes many discounts and promotions to make property ownership more convenient and cost-effective, such as:
- 20% special room discount on private luxury villas owned by Borderless Villa in Phuket.
- Exclusive discounts on daily (over 3,300 baht per day) or monthly rentals (over 61,300 per month) for serviced apartments at Center Point, Sukhumvit 10.
- 20% special discount on moving services hosted by Goodmove.
- And more deals and discounts (with some related to real estate) added each month.
You can stretch your money far with a Thailand Privilege Visa and get more with less.
Free Wealth and Legal Advisory
Purchasing a property is always a big investment, so it’s best to get some expert advice before making a decision. Fortunately, the Thailand Privilege Program provides complimentary wealth and legal advisory sessions to learn about increasing and managing your finances. These include:
- 30-minute legal consultation at MDR Accounting Law Firm.
- 60-minute legal consultation at TNY Legal.
How to Get a Thailand Privilege Visa
To get all of these valuable real estate benefits, you first need to apply for a Thailand Privilege Membership, which will provide both the benefits and the visa. Unlike most Thai visa applications, the Thailand Privilege Visa has fewer entry requirements and shorter processing times, so it is much faster and more straightforward to obtain.
You can also receive free assistance with your Thailand Privilege Visa application by reaching out to a General Sales and Services Agent (GSSA). GSSAs are government-partnered organizations that will prepare and review your application, and then manage the submission of it on your behalf, all free of charge. With their assistance, you’ll be able to receive your visa without any missteps or delays.
Contact Siam Legal for Professional Assistance
To obtain a Thailand Privilege Visa and get started on buying property in Thailand with the best possible advantages, reach out to Siam Legal for assistance with your application. As a government-approved GSSA, our Thailand Privilege consultants have the skills and experience to help you secure your visa fast without any complications. Most importantly, due to our partnership with the Thai government, we offer our Thailand Privilege Visa services for free.
We also boast a team of qualified property lawyers with the expertise to ensure that your real estate investment journey is smooth and risk-free. To give you peace of mind when making property purchases, we handle the busy work on your behalf by performing title searches, reviewing your contract, assisting with transfer ownership procedures, and more.
Contact Siam Legal today to purchase or invest in Thai real estate seamlessly without any disruptions.
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