FOREIGN BUYER'S GUIDE

THAI PROPERTY FOR INTERNATIONAL BUYERS

If you’re a foreign buyer looking to own a Thai property, MQDC can guide you on laws, ownership, and lifestyle benefits. As a global investor you have a clear route to a secure long-term investment or second home in Thailand.

STANDARD PROCESS

STEP-BY-STEP

BUYING AT THE FORESTIAS AS A FOREIGNER

A condominium at The Forestias is an investment in high-quality real estate offering a premium lifestyle in a green neighborhood tailored for your well-being. As a foreigner you can purchase property securely in Thailand by following these steps:

STEP
1
SELECT PROJECT AND UNIT
STEP
2
RESERVE UNIT AND SIGN AGREEMENT
STEP
3
PAY DOWN PAYMENT
STEP
4
INSPECT UNIT BEFORE TRANSFER
STEP
5
MAKE FINAL PAYMENT AND TRANSFER OWNERSHIP

HOW TO PAY

STANDARD METHOD

BOOK BY CREDIT CARD (PAYMENT GATEWAY)

TRANSFER FUNDS IN OVERSEAS CURRENCY TO THE DEVELOPMENT ACCOUNT

OTHER EXPENSES

FREEHOLD OWNERSHIP

Transfer Fee 2% – Split between the buyer and the seller or as agreed
Electricity Meters – Installation and monthly service charge
Miscellaneous Expenses – Administration such as application forms at the Land Department

DOCUMENTS YOU NEED

A copy of your passport
A copy of your credit card (if you use it to book)
A copy of your marriage certificate (if any)
A copy of your spouse’s passport (if any)
Foreign Exchange Transaction Form (FET)

You need an official document prepared under BOT regulations to prove your remittance of foreign currency into Thailand.

DOCUMENTS YOU NEED TO BUY PROPERTY

You can legally purchase real estate in Thailand if you prepare the right documents from the start. These documents will ensure smooth, accurate, and secure ownership transfer under Thai law.

You need these documents:

CHECKLIST
DETAILS
KEY POINTS
Passport
Original valid passport and copy
Used to verify your identity according to Thai law
Valid Visa
Tourism/long-term residence/Elite Visa, etc.
Shows your legal right to stay in Thailand
Foreign Exchange Transaction Form (FET)
Document from Thai bank specifying purpose: “to purchase real estate”
Used for ownership registration
Bank Certificate
Showing money transfer from abroad in USD, EUR, etc.
Used to apply for FET and ownership transfer
Sale and Purchase Agreement
Property details, price, party information
Required for land registration
Power of Attorney
Certified by embassy/authority in the home country
Used when you cannot proceed personally
Various Expenses
Transfer fee, specific business tax (SBT), stamp duty/WHT, lawyer fee (if any)
Prepare your budget in advance

OWNERSHIP RIGHTS

THAILAND PROPERTY OWNERSHIP

FREEHOLD CONDOMINIUMS

Foreigners can hold freehold ownership of condominium units in Thailand under Condominium Act B.E. 2522 (1979). But only 49% of a building’s units can be owned by foreigners so check this quota before buying.

LEASEHOLD PROPERTIES

Foreigners can register leasehold rights at the land office for a condominium or land. You can use land through a leasehold and own buildings or structures on the land. Thai law limits the maximum of lease period of the land for 30 years. Thereafter, the new agreement is to be made between two parties regarding the lease of the land, provided that the new agreement of the land lease should not exceed 30 years

INDIVIDUAL
COMPANY
Purpose
Residential use
Residential use by executives/specialists
Residential use by factory workers
Location
Bangkok, Pattaya, municipal areas, or residential zones under urban planning (excluding military safety zones)
Within 50 km of the business with BOI privileges
Area
≤ 1 rai
≤ 10 rai
≤ 10 rai (≤ 100 sq. wah/family, contiguous plots ≤ 1 rai/THB 50M paid-up capital)
≤ 20 rai
≤ 1 rai/300 workers/THB 50M paid-up capital
Investment/Registered Capital
≥ THB 40 million
Registered Paid-Up Capital
THB 50 million ≤ 10 rai to THB 500 million ≤ 10 rai
Registered Paid-Up Capital
THB 50 million ≤ 1 rai to THB 1 billion ≤ 20 rai
Investment Period
≥ 5 years with annual document submission
Throughout the entire investment duration
How to Invest
- Government bonds, state enterprise bonds, or bonds guaranteed by the Ministry of Finance
- Real estate investment trusts (REITs) or property funds
- Equity shares in juristic persons promoted by the BOI
- Investment in businesses promoted by the BOI
The company must be BOI-promoted
Key Law
Land Code Act
Investment Promotion Act

Rules for Foreigners Purchasing Houses and Land Freehold option.

VISA PROCESS

VISA TYPES

If you want to live in Thailand, whether for a short or long time, you must choose the right visa from the start. Each type has specific conditions that affect duration and your work rights and benefits.

Thailand Privilege (Elite Visa): This long-term visa is ideal if you want to invest in real estate like The Forestias in Bangna.

Thailand Privilege details

Non-Immigrant Visa: Includes types B (business), O (family), ED (education), and O-A (retirement).
Retirement Visa: For foreigners of 50+ with the necessary income or savings.
SMART Visa: For investors, experts, and entrepreneurs in government-promoted sectors.