Hi,
I’ve been told today that I can’t buy a condo unless I have a retirement visa because I can’t open a bank account without a retirement visa. Is this correct? Thanks in advance.
Tamar
TLDR : Answer Summary
The claim that a retirement visa is necessary to purchase a condo in Thailand and to open a bank account is incorrect. Numerous expatriates have shared experiences where they managed to buy condos or open bank accounts under various visa circumstances, including tourist visas. While having a retirement visa may make some processes easier, it is not a mandatory requirement. Discussion reflects diverse experiences with banking policies, particularly recent changes affecting applicants with short-term visas. Most importantly, foreigners can buy property within the quota limitations without needing a Thai spouse or specific visa types.
NON-O RETIREMENT VISA RESOURCES / SERVICES
- Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
- For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
- Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
- Join the Thai Visa Advice Facebook Group to ask your questions, and get advice from others.