Buying property in Thailand

As a foreigner, you can purchase and invest in certain properties in Thailand. For the most cost-effective and straightforward purchase or investment, you will need a Thailand Privilege Visa.

This long-term visa with privileged entry offers exclusive benefits and luxurious perks that make buying property in the country easier and more rewarding.

This article explains why the Thailand Privilege Visa is the best visa if you want to buy a property in Thailand for your own use or as an investment.

Is it possible to purchase real estate with a Thailand Privilege Visa?

With few exceptions, foreigners cannot purchase land in Thailand in their own name, regardless of visa status. However, the Thailand Privilege Visa allows the purchase of apartments, villas, and other real estate in Thailand, but not the land itself.

You can also invest in real estate such as condominiums to rent or resell them. It is even possible to own several apartments in different complexes, but not an entire complex, as Thai law prohibits foreign ownership of more than 49% of a complex.

The advantages of buying property in Thailand with a Thailand Privilege Visa

The best thing about the Thailand Privilege Visa is the multitude of benefits that make real estate investment easier and more rewarding. There are hundreds of perks; here are a few examples that will enhance your experience:

Opening a Thai bank account

As a member of Thailand Privilege, you can open a Thai bank account much more easily than with other visa types and receive free support from Thailand Privilege staff. Given the high property prices, an account is essential to pay fees and generate rental income.

As a valued member, you benefit from exclusive offers on savings and foreign current accounts (FCD) from Bangkok Bank and Kasikorn Bank. This provides you with special conditions when opening a savings or FCD account with either of these two leading banks in Thailand. Opening such accounts is not possible with comparable Thai visas.

Discounts and special offers

The Thailand Privilege Visa includes numerous discounts and benefits that make buying property more convenient and cost-effective, such as:

  • 20% special discount on rooms in private luxury villas from Borderless Villa in Phuket.
  • Exclusive discounts on daily rentals (over 3,300 Baht per day) or monthly rentals (over 61,300 Baht per month) for serviced apartments at Center Point, Sukhumvit 10.
  • 20% special discount on moving services from Goodmove.
  • And every month more offers and discounts are added (some also in the real estate sector).

    • With a Thailand Privilege Visa, you can make the most of your money and achieve more with less effort.

    Free wealth and legal advice

    Buying a property is always a major investment. Therefore, it's advisable to seek expert advice before making a decision. Fortunately, the Thailand Privilege Program offers free consultations on wealth building and legal matters to help you grow and manage your finances. These include:

  • 30-minute legal consultation at the law firm MDR Accounting Law Firm.
  • 60-minute legal consultation at TNY Legal.

    • How to obtain a Thailand privilege visa

    To take advantage of all these valuable property benefits, you must first apply for a Thailand Privilege membership. This includes both the benefits and the visa. Unlike most other Thai visa applications, the Thailand Privilege visa has fewer entry requirements and shorter processing times, making it significantly faster and easier to obtain.

    You can also receive free assistance with your Thailand Privilege Visa application by contacting a General Sales and Services Agent (GSSA). GSSAs are government partner organizations that will prepare, review, and then submit your application free of charge on your behalf. With their help, you will receive your visa without errors or delays.

    Contact Siam Legal for professional support.

    To obtain a Thailand Privilege Visa and start your property purchase in Thailand with the best possible benefits, contact Siam Legal. We will support you with your application. As a government-approved GSSA (Government Sales Agent), our Thailand Privilege Visa consultants have the necessary expertise and experience to help you obtain your visa quickly and easily. Thanks to our partnership with the Thai government, we offer our Thailand Privilege Visa services free of charge.

    We have a team of qualified real estate lawyers whose expertise ensures a smooth and risk-free process for your real estate investments. So you can rest assured when buying property, we handle everything for you, from land registry research and contract review to support with ownership transfers and much more.

    Contact Siam Legal today to buy or invest in Thai real estate smoothly and without interruptions.

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