How can an unmarried couple on DTV visas in Thailand purchase a condo without issues related to bank accounts and the FET letter?

No need to sell your condo as you will not be able to do it. If you do then you will take a 50% lost. Just rent it out for cheap at that point.

Make sure that you put in comments ,funds to be used to purchase property .

Next Step Hua Hin Expat Services can help you

Let me explain as per my knowledge

1. You need to opt for FET anyhow no matter what for condo registration

2. And to do so you have to transfer all the money to a Thai bank from your home country and in order to do so you need to understand one thing very clearly how much that condo is worth of?

3. If it is above 3 mil. Then you go to Thai banks and ask for to open account because if it’s over 3mil. You can open an account and transfer funds to purchase the condo and opt for long term stay visa as well if you need the law is already in exercise in Thailand

4. If below 3mil. Then you are not eligible

If you

Need more info then can dm me I. An guide through as I bought a property recently in Thailand and bought a land as well in my wife’s name and built a house in my name also

DTV technically is a long term tourist visa.

More than a year ,tourist visa holders can not open a bank account.

Use a lawyer or if the property is directly from a construction company,you can make a swift to the their account .

Your only hope is to ask around a few visa agencies and see if they can help

Pourquoi vouloir contourner les règles établies ? C'est organiser l'échec de votre entreprise.

You can transfer it to your lawyers, or you can transfer it to the sale agent. Both are excepted as evidence for the foreign deed. There are strict requirements on what you need to place in the reference box when transferring the funds. Personally I would only remit to the lawyers. I see you have mentioned that you already engaged a lawyer for the due diligence.... Not all law firms are the same. Please do your own due diligence when selecting a law firm for the purpose of due diligence. Siam Legal will give you a free initial consultation, should you require some piece of mind if you aren't feeling secure with your current choice👍

You will need a Bank account to deduct for electricity bills from PEA (even can do wothout) But in one of my condos in Jomtien, the juristic offoce help with a statement and a bank contact. And on the foreign quota most are there only on tourist visas or visa free stay. It can however bi tricky but not impossible so dont give up, there is no Law that prohibit it, just internal bank rules.

Devil’s advocate:

A DTV is a tourist visa. Why would a tourist want to buy property in Thailand? What signal would this send to the Thai government?

Solution:

Rent. Invest your money abroad until you’re sufficiently wealthy or of age to obtain a more suitable Thai visa.

I can recommend

@Lawyers **********************

, they will give you some solid advise

Agent

Use an attorney, which you should be using anyway for the due diligence on the property you are buying.

Just rent I’ve been here 16 years it’s the best way you can walk away anytime you like and if it isn’t a high end building you won’t sell it easily

You can no longer open a bank account on a tourist visa and the DTV is classed as a tourist visa. As I understand it you need to show the FET to register your ownership of the property so you'll need to find some way of getting one. I don't know much about the working of FET but it might be worth exploring to see if you transfer the funds directly to the seller if they can provide an FET or perhaps more safely to a legal intermediary that can provide one?

Who is the FET?