Answered2 years ago
Does buying a condo or villa count towards the 800,000 Thai baht requirement for a visa?
If you buy a condo or villa, does that count as the 800k thai baht needed for a visa? I read something that said that once, but never saw it anywhere else, so I wanted to be sure.
Answer summary
Buying a condo or villa does not count as part of the 800,000 Thai baht required for a regular retirement visa. This amount must be held in a Thai bank account. However, purchasing condos may qualify for an LTR (Long-Term Resident) visa provided that the investment meets specific criteria.
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Colin *********
You can't own land in Thailand
Hugo *********
How much is the medium house/condo price in say chaing Mai
Craig ************
OP@Hugo ********
way more than the 800k needed for the visa, but based off previous comments, it doesn't count for the visa.Hugo *********
@Craig ***********
how much
Michael ********
Does it have to be a condo or can it be a house ?
Craig ************
OPMichael Wilson based of the previous replies, it doesn't count for either.
Robert **************
If you invest 250k in condo(s) purchases that helps to qualify for the LTR visa. If your an American you need that 800k in Thai bank account or let agent “Handle it” for an extra fee
Craig ************
OPThanks for the info, everyone! Enjoy Thailand, I'll be there in a couple years!
Chris **********
This is a valid question I myself as well as many others probably thought the same thing and wondered. Don't be put out by some of the idiot negative comments
Todd *********
@Chris *********
fair enough, but the answer is clear. No.Chris **********
@Todd ********
yep you're right Todd the answer is no but what might be clear to you might not necessarily be clear to others we're both Canadian and from the same Providence. And it looks like we're both in Thailand now, so I found it very beneficial to take some advice from Thai people.. relax my friendChris **********
@Todd ********
sounds good Todd glad you're enjoying it. Thanks for the information on Visa alsoTodd *********
@Nongnuch *******
It depends on how one wishes to see it. What I can assure you is that nobody owns it more than I do. And it’s been a very profitable venture. Lots of angst here about foreigners not legally owning land. Fair enough. It’s the same in many nations and it’s generally good policy. But yet… many find a way.
Nongnuch ********
@Todd ********
you don't really "own" a houseTodd *********
@Chris *********
Chris, what in my comments suggests to you that I’m anything but relaxed? Sitting in my pool with a great cappucino doesn’t wind me up. And Having been here for some years now and a homeowner, I understand the value of listening to Thai people very well. But there are not any Thai people here on this string. There are several ways to avoid the 800k deposit and many do so. Even as a Canadian you can still get a letter from the embassy showing 65k baht income in Canada. LTR visa doesn’t require it. DTV also. Thai Privilege. It’s great to have options. Welcome to Thailand. More and more Canadians figuring it out
Tony *****
@Chris *********
I agree. I dont know what the problem is with some people on here. So bitter and twisted. If you have nothing good to say don’t say anything at all!!!Chris **********
@Tony ****
exactly what my dad used to say Tony. Take careTony *****
@Chris *********
cheers and you.
Travis ******
I think you may be thinking LTR 10 year visa , wealthy pensioners, ? If you own land and earn x amount, or earn XX amount twice as much and no property, bonds in Thailand, hope that helps
Bent *************
No
Gary **********
In a word no
Todd *********
No
Brandon ************
It does not. You are thinking of a different visa, an investment type visa.
For regular retirement visa/extension, it's 800,000 Thai baht in your Thai bank account.
For regular retirement visa/extension, it's 800,000 Thai baht in your Thai bank account.
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