Are you a foreign investor or expat looking to invest in a condominium in Thailand? You will usually need to transfer money to buy condo in Thailand from abroad. As you embark on this exciting venture, it’s essential to understand the process of transferring money from abroad, as it plays a crucial role in ensuring a successful condo purchase. At Whitebird Estate, we are your trusted professional real estate agency, and we’re here to guide you through the intricacies of navigating money transfers when buying a condo in Thailand.
When purchasing a condominium in Thailand as a resident or non-resident, it’s important to comply with the country’s property ownership regulations. These regulations require you to transfer funds for the condo purchase in foreign currency. This means you’ll need to ensure that the money you send from abroad complies with this requirement. Our experienced real estate agents will help you understand and adhere to these rules throughout the transaction, ensuring a smooth and compliant process.
Foreign Exchange Certificate in Thailand
To further demonstrate the legitimacy of your transaction, you must obtain “Foreign Exchange Transaction Form” certificates for each payment from your beneficiary bank as regulated by Bank of Thailand. These certificates serve as official documentation to verify that the funds are indeed intended for purchasing a condominium. Our professional real estate agency team will assist you in obtaining and organizing all the necessary paperwork, simplifying the registration process and ensuring everything is in order.
As property laws and financial regulations can change over time, it’s essential to stay informed about any modifications that might affect your condo purchase. As a reputable real estate agency, we take pride in staying up-to-date with the latest developments, providing you with expert guidance to navigate these changes confidently. With our support, you can make well-informed decisions, minimizing potential risks associated with international money transfers.
Transfer money to buy condo in Thailand
Transferring substantial sums of money across borders requires caution and attention to detail. Our experienced real estate agents will help you navigate the process, ensuring compliance with all legal requirements.
Bangkok Bank has published a very useful FAQ about transferring funds into Thailand and how to obtain the FET certificate.
For smaller transfer you can safely use money services such as Wise. Read more about sending money to Thailand here.
5 tips to buy condo in Thailand
- Plan ahead: How many years you plan to keep the condo?
- Prepare: If you plan to sell the condo later, where you will send the money to?
- Research: Where in Thailand should you buy condo?
- Test: It is recommended to stay in hotels or rental condo for some time before committing to buy.
- Partner: Find a professional real estate agent who will be on your side.
In conclusion, steps to transfer money to buy condo in Thailand, to create the ownership transfer agreements and finally to register the transfer at a local Land Department office involves navigating specific regulations and requirements. At Whitebird Estate, we are committed to providing you with professional guidance every step of the way. Let us be your partner in making your dream condo or house purchase in Thailand a seamless and rewarding experience. Contact us today to get started on your journey!
