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Foreign nationals can own condominium units as freehold owners in buildings where no more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if it is currently below 49%.
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 Andaman Riviera you have to follow these steps:
1 Bedroom Installment Milestone Payment Deposit Immediately £2,280 1st Installment within 15 days after signing the contract. Deposit is included. 35% 2nd Installment within 60 days after the first payment 35% 3rd Installment after completion of internal decoration 15% 4th Installment upon completion of construction in October 2021 15% 2 Bedroom Installment Milestone Payment Deposit Immediately £4,570 1st Installment within 15 days after signing the contract. Deposit is included. 35% 2nd Installment within 60 days after the first payment 35% 3rd Installment after completion of internal decoration 15% 4th Installment upon completion of construction in October 2021 15% 3 Bedroom Installment Milestone Payment Deposit Immediately £6,850 1st Installment within 15 days after signing the contract. Deposit is included. 35% 2nd Installment within 60 days after the first payment 35% 3rd Installment after completion of internal decoration 15% 4th Installment upon completion of construction in October 2021 15%
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.