Answereda year ago
How can someone buy a condo in Thailand without a local bank account?
Can I ask how someone can buy a condo in Thailand if they can't have a bank account? Before somebody says a tourist is not supposed to buy a condo: I personally own real estate and know plenty of people who own RE in countries where they are tourists.
Answer summary
Buying a condo in Thailand without a local bank account can be challenging but possible. It is crucial to transfer funds from a foreign account to the seller's account. Condos owned by foreigners are considered foreign investments, so funds must be transferred in foreign currency. One can open a Thai bank account with a purchase agreement, allowing funds to be transferred and documented properly for the land office. Alternatives like using cryptocurrency or an escrow account have also been suggested.
16 repliesnewest first
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Sean *******
Use an escrow account.
Tommaso *********
@Vittorio *****
ti serve un escrow account, quindi qualcuno che presti il conto per il deposito. Se hai un amico con un conto Thai usa il suo altrimenti devi pagare un’agenzia che ti presti il proprio conto
Sean *******
@Tommaso ********
Better to use a lawyer who handles condo sales.Sean *******
@Tommaso ********
They will be able to get you the Foreign exchange certificate if buying Foreign quota. This isn't needed if buying Thai/Company quota.Tommaso *********
sure this is the paid solution
Pascal ***********
With a purchase agreement, Thai banks will allow you to open a bank account so you can transfer the money from your foreign bank to your Thai bank account.
The bank transfer must be done in a foreign currency and mention the purchase of that condo.
Then your Thai bank will issue a document for the land office that you have brought foreign funds into the country for your purchase.
The bank transfer must be done in a foreign currency and mention the purchase of that condo.
Then your Thai bank will issue a document for the land office that you have brought foreign funds into the country for your purchase.
마리오 ***
Maybe you shouldn’t buy RE here if you need to seek banking advice from FB.
Vittorio ******
OP@마리오 **
well maybe you shouldn’t date thai prostitutes and have mongrel children with them
Tin **********
Btc
Jef ********
Yeah you actually can’t buy it’s using a local account. The funds need to be transferred from your home country. Since condo ownership for foreigners is considered a “foreign investment “ and I’ve been told
That if you transfer it from a Thai account you will have issues at the land office transferring it to your name 👌
That if you transfer it from a Thai account you will have issues at the land office transferring it to your name 👌
Anonymous ******************
@Jef *******
You can buy leasehold and company. You can buy car, gold and motorbike. You can buy a Condo with Chanote too if you know how to do. All my money is from Thailand.Jef ********
Anonymous participant 683 yeah you’re right but buying a condo has to be from a foreign account. Since it falls under a foreign investment scheme.
What I meant by that if you had 3m thb in a Thai a Thai bank you would have to transfer it back to your home country first and then send it to have it transferred to your name at land office
What I meant by that if you had 3m thb in a Thai a Thai bank you would have to transfer it back to your home country first and then send it to have it transferred to your name at land office
Elías ********
As everybody else does: with one's bank account from one's own country 🤷🏻
Jari **********
Use crypto.
Pete *******
Foreign bank deposits into the sellers account usually works....
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