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Foreign
Buyer Info
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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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