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Thai
Government has the rule that in every Condo/Apartment, max 49% of
the units can be sold to foreigners as 'free to hold'.
All our
condo's are within this 49% part as so, when you buy one from us you
are automatically entitled to own it fully !
To buy
a condominium as a foreigner you have to think on some important
things about the transfers of the money to buy a condo as well as
how to check the paperwork.
If you
are in Thailand yourself and are buying the condominium in your own
name, then you need your passport as well as the Foreign Exchange
Transaction Form FETF. This Form can be obtained at the bank (200
Baht) and is the showing proof
that you have brought foreign currency into the country to purchase
the condominium.
You
should take note of the following to obtaining a FETF:
1. Remittances must be
sent in exactly the same name as that on the purchase contract, i.e.
if JOHN DOE is the purchaser then the name JOHN DOE must appear on
the remittance advice. J. Doe or Doe Enterprises are unacceptable.
2. Transfers of funds
must be made in FOREIGN CURRENCY only and NOT in Thai Baht, i.e. if
you are working in US Dollars then remit in US Dollars. Do not remit
in Thai Baht.
3. Amounts transferred
must be more than $20,000 in order to obtain a FETF form. (The
bank will NOT ISSUE you a FETF form for amounts less than
$20,000.)
4. The purpose of the
remittance MUST be stated on the remittance advice. This should be
"FOR THE PURCHASE OF A CONDOMINIUM". |
