Quote:
Originally Posted by adultinnovation
What if you're renting it out as a vacation place ? is that considered a business there?
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You need to invest 10 million baht to qualify for a biz visa.
Other short term option would be a tourist or education visa
or long term marriage or retirement if you are over 50.
If you buy a condo or apartment for 10 million baht you can do whatever you want with it.
(you can use it for yourself or renting it out, it just necessary to blow the money away)
I think you can buy a condo or an apartment yourself because you only buy the apartment, and not the land it is on.
If you want to buy an own house with land, you need an thai biz partner for it.
The Thai partner keeps 51 percent of the land and is credited to the land registers
and you get 49 percent off the business.
If it comes to a dispute with this partner, that can end badly for you.
The other option is to lease land for 30 years with a renewal option for another 30 years.
But even that is complicated in Thailand, as most people do not even know exactly,
what property they really own.
Finding a good real estate company with a very good reputation and legal department, would be my first step in that biz.
Stay away from private deals.
Best regards