Can I buy a condo in Bangkok without a Thai bank account while on a DTV visa?

Question

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?

Ask Thailand · Answer

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.

Stephen ******** · Answer

I would check Bangkok Bank. While a bank account on anything other than a long term is difficult, I think that owning/buying a condo meets the criteria on a short term visa.

Jesper ******* · Answer

You don't need a long term visa to buy condo....many ppl with tourist visa have bought condos anyway u need a agent to assist you in your purchase they have a way round to open a bank acct with cert in deposit and option to purchase find reputable hosing agents

Rok ******** · Answer

The foreign quota condo must be bought by funds from abroad so you are in luck.

Garnett ***************** · Answer

Don’t you have to be a Thai citizen to own real property in Thailand?

Joy ***** · Answer

U need to transfer from overseas to buy a condo in thailand,if not u will need to pay for FET if u buying with thai baht ,after u purchase a condo u can go open a bank account with ur condo snp etc

Brandon ************ · Answer

You don't have to have a bank account to buy a condo,  you can transfer the money directly from your home bank account. In fact it can make it easier in some cases, because you're only allowed to buy a condo with money transferred internationally, and that's obvious if you transfer it directly from overseas.

Can I buy a condo in Bangkok without a Thai bank account while on a DTV visa?

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