Marriage is one of the biggest decisions any individual can make. Marriage will change nearly everything – from management of personal assets to the mindsets needed to make a decision not only for oneself, but for the entire family. Speaking of assets, it makes good sense to have a pre-nuptial agreement.
The condominium is the ideal investment for any foreigner in Thailand. It’s the only the form of real estate that expats and foreign retirees can place their money into, as according to the laws of Thailand. The 1979 Condominium Act of Thailand lays out the rules for foreign ownership of condominium units in the country.
Just in case that you do not remember, click here to refresh your knowledge on what the law says about foreign condominium ownership.
If you want to visit Thailand, you might want to research first about the requirements for foreigners entering the Kingdom of Thailand. Fortunately, as it is a very tourist-friendly country, you can find it easier to visit Thailand as compared to visiting other countries in the Asia-Pacific. There is actually a way for you to enter Thailand while complying with a minimal number of requirements.
Thailand is one of the fastest developing countries in Southeast Asia. It is preferred by businessman and retirees from Europe, particularly the UK, as an investment hub. Despite drastic changes in political leadership in the past decade, Thailand’s economy remains stable and is, in fact, still growing.
We have mentioned several times that it is totally legal for a foreigner to acquire a condominium unit in Thailand. To recap, Thai law makes a provision for foreign ownership of condos provided that 60% of the units in the project are reserved for Thai locals. If the remaining 40% allowance has been bought up by the foreigners, what does a foreign national looking to own a condominium unit do?