Thinking about buying a condo in Bangkok, but as I understand it, it's best to have a thai bank account for the money to pass through. However, I was planning to get a DTV (since I'm too young for a retirement visa) and with the latest changes I understand this prohibits you from getting a bank account (or is not easy anyway). How would I make this work? Is my only option a different visa (which requires more investment)? Or is there some way that if you're planning to buy a condo, you can get a bank account for that purpose?
TLDR : Answer Summary
When considering purchasing a condo in Bangkok, it's commonly believed that having a Thai bank account is necessary for the transaction. However, you can transfer funds directly from your overseas bank account, which is preferable for foreign property purchases, as it avoids complications like foreign exchange tax if paying in Thai Baht. Additionally, holding a DTV visa doesn't hinder your ability to buy property, as it's possible for both locals and foreigners, even those on tourist visas, to purchase condos in Thailand. After the purchase, individuals can typically open a Thai bank account using documentation related to the condo.
DTV VISA RESOURCES / SERVICES