Answereda year ago
Can a DTV visa holder buy and rent out a condo in Thailand?
Just clarifying but is there any policy that stops a DTV holder from buying an apartment or condo? Is renting out the property also legal on a DTV visa?
Answer summary
A DTV (Digital Tourist Visa) holder can legally buy an apartment or condo in Thailand without any restrictions tied to their visa status. Renting out the property is also generally permitted; however, technically, managing the rental personally could be deemed as working without the appropriate visa, thereby posing potential legal issues. To operate strictly within the law when renting, it's advised to employ a property manager or have a Thai national handle the rental. Additionally, income generated from rentals in Thailand is subject to taxation regardless of the rental manager's nationality, even for those who spend less than 180 days in the country.
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Anonymous ******************
Money and passport is all that matters when buying a condo.
Dany ********
You can do it, but it is a horrible investment
Peter *********
@Dany *******
Trump will crash the markets again in the not too distant future. You have been warned.Dany ********
@Peter ********
a crashed market is the best opportunity to put money into. lots and lots of gains. huge potential. i cant wait for it. :)Dany ********
@Peter ********
how is that of any relevance to finances in 2025? did you check the decades long graph and not just a few years? do you know about DCA investment strategies? you go back 17 years to proof anything that isnt of any relevance? did you check what happened after? did you see the allmost 100% gains in last 5 years? do you know about the 11% average gains over the massive timespan of90 years???
Peter *********
@Dany *******
I thought you weren't doing it in 2008, makes sense now.Dany ********
@Peter ********
what are you talking about? you seem to be new to finances.Dany ********
@Peter ********
why would it matter why it dipped when you consider it a longterm investment? i am up like accumulated 30% and only hold it a few years with a monthly deposit. feel free to check the 90 year development. i am up hundreds of percent on crypto invests but that is highly volatile and risky… risk/reward. but the big ETF are all very safe investments longterm.Peter *********
@Dany *******
Not if you plan to live in it for 20 years.Dany ********
@Peter ********
what exactly is your math behind that? how much is your condo in the calculations?i see condos advertised all the time for 3-5mil baht. small small small ones. (25-40m2)… a house sized one for a multiple of that.
while you can rent a small small condo for less than
*****
baht per month. sure, the price increases over 20 years so take that into account. but if you rent for 10k for 1 month, that is 120k per year. 1.2mil for 10 years. even if its 1.5 for 10 with the price increases. you will look at less than 3mil for 20 years.now consider that you have the 3mil available and put them into an invest instead (for example S&P500 ETF) which yields 10% annualy. you are looking at +300k yearly or 25k monthly. even a super conservative invest with just 5% returns would pay for your rent + utility automatically.
besides that, it is way better to stay flexible. you are allways one bad neighbor away from having a horrible
time and then cannot move and cannot do anything about it. things in thailand change super fast… a property is just a burden.
Dany ********
@Peter ********
not very factual your answer with little arguments. i could also say „you are one new crazy thai regulation or another coup away from loosing everything“. makes the same sense 😅 while probably even more likely.btw: S&P500 averaged 11% over 90(!) years. it went through plenty of world wide recessions, crazy presidents and whatever. but a very conservative person could get 5% on very conservative investments from
a bank…
real estate here just isnt a good investment. also the quality of buildings is often sh*t. so many red flags… i would recommend everyone to stay away from it… just rent and be flexible.
Peter *********
@Dany *******
43m2 for 2.4m which rents for 15K to 20k a month. With investments you're now one Donald Trump brainwave/crash away from losing thousands.
Ryan ******
And a house ?
Henrik *****
You can own the house, but not the land. Only Thai people can own land.
(Short version)
(Short version)
Ryan ******
@Henrik ****
so need Thai girl or that right ? 😅Henrik *****
No, you just need to be satisfied by renting the Land.
Elías ********
No problem. You can even buy a condo as a visaless tourist. The property itself won't grant you special migratory rights, tho.
Brian *********
I saw one video where a lawyer suggested that owning and renting multiple condos could be a problem. You might then be considered to be working as a property manager even if you own the properties. One is OK for sure.
Suhaan *********
No policy as such to rent for personal use or buy a property. We rented a villa, got our TM30, a residence certificate, bought a bike on our name and now buying a condo. All while living here on DTV.
Anonymous *************
OP@Suhaan ********
thanks!
Ja***
Buying is no problem. Renting it out is technically illegal if you are managing the rental yourself because that is considered 'working'. But you are very unlikely to have problems, especially with only 1 property. If you wanted to be 100% legal you would have to use a property manager or a Thai person to manage it for you. You also need to file a tax return for your rental income, even if you stay in Thailand less than 180 days in the tax year.
Anonymous *************
OP@Ja***
i see..thanksSuhaan *********
@Ja***
Why file income tax for staying in Thailand for less then 180 days? Do you have a link to show that?Suhaan *********
Got it.
Sefton ********
@Suhaan ********
domestic source income is taxable irrespective of personal residency.
Keith *******
@Suhaan ********
Because you're generating income inside ThailandJa***
@Keith ******
Correct
Greg ********
You can buy a condo on Visa Exempt or even without ever visiting Thailand :-) Renting it out no issue either.
Anonymous *************
OP@Greg *******
I see. Thanks!
Steve *******
What visa you have, has nothing to do with ownership or rental of condos. You're good.
Anonymous *************
OP@Steve ******
Thanks!
Stuart *********
Buying an apartment or condo is not dependent on a visa type. Renting the apartment is also irrelevant on what visa type you hold.
Anonymous *************
OP@Stuart ********
Thanks!Activity
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