Foreign ownership of Condominium Property according to Thai Law, foreigners may own 49 percent of aggregate saleable unit space of a condominium building while the remaining 51 percent must be owned by either Thai nationals or majority owned Thai companies.
Foreigners are required to remit at least USD 20,000 into Thailand per transfer to receive a FOREX Transfer Form. This form will be needed to transfer the unit under foreign ownership and also remit money back out of Thailand if so needed in the future.
Note: Conversion to Thai Baht has to be done in Thailand and not before transfer is made into the country. Furthermore, instruction on transfer must state for the purchase of property.
Note: The Common Fee or management/maintenance fee is used for general monthly maintenance of the building, common areas, security, pool maintenance, etc. More Information: Disclaimer information provided should be used as a guideline only. We suggest that you refer to our professional sales team at 081 450-0002 and a legal advisor before buying a property in Thailand.