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Foreign nationals can own the building (villa) in their own name, but not the land that it stands on.
Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.
Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.
In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name. The ownership titles of these 49 units is referred to as Freehold or Foreign Quota.
This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.
After you have found the right property at Melia Phuket Karon Residences you have to follow these steps:
Payment Plan Condo Installment Milestone Payment Reservation Deposit Immediately £4,640 1st Installment Upon contract signing 35% 2nd Installment On Completion of Structure 15% 3rd Installment Lock up Stage 20% 4th Installment Unit Completion 20% 5th Installment On handover 10% Payment Plan Villa Installment Milestone Payment Reservation Deposit Immediately £9,270 1st Installment Upon contract signing 35% 2nd Installment On completion of structure 35% 3rd Installment On handover 30%
Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.