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Originally Posted by Beaver1
You need to invest 10 million baht to qualify for a biz visa.
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not really - you can also open a BOI company but the process is difficult and long
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Other short term option would be a tourist or education visa
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tourist is only for maximum 90 days - education visa still exist but they will check in school if you are there from time to time
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or long term marriage or retirement if you are over 50.
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the retirement is still the easiest one if you have money on the bank.
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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)
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not really - the buying contract will show what you can do and what not. holiday rentals in condos are not allowed.
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I think you can buy a condo or an apartment yourself because you only buy the apartment, and not the land it is on.
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correct - exception is a BIG investment I think it is 800 million. with such an investment you get a permit to own up to 1 Rai (wich is 1600 sqm)
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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.
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correct - but you can split the 51 over more than one person and make a contract that
every desicion needs at least a 60% majority.
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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.
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such a contract would be invalid in the moment when it is signed.
there is no longer contract than 30 years with NO option for renewal.
there are people that have such contracts but they are sitting on a time bomb.
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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
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finding a good lawyer is more important because there are many many things that can happen.