The basics are – husband and I are Non Thai – Retirement Visas for last 5 years – both have Bank Accounts here (needed for Visa).
All funds held in Thailand arrive via Intl Trnsfr – proof exists of outside source of funds (Pensions) since inception.
We are considering buying a Freehold Condo.
I have been told that such a purchase has to use funds sourced from outside Thailand.
1. However it has now been suggested that I cannot use those funds already in Thailand even though they originated from outside.
Anybody any experience of this situation?
2. For Visa 800K Baht has to be held in Thailand or a certain income – I am aware of the rules.
I think I read at one time that the purchase value of the Condo investment could be used for the Retirement 800K Baht Visa ruling as opposed to funds in Bank Account.
Anybody any experience of this situation?
Hoping for comments.
800K Baht Ruling – Condo Owner
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I would never buy a condo..WHY? Thai neighbors make noise ALL the time anywhere…I av always rented because of this n when “I do not care neighbors” come along I av moved easily…Also, with buying u r at the mercy of the condo controllers at all times..
Renting allows u to move whenever with no worry of money….I av done this for 20 years…Best Wishes..