One of the required documents for obtaining an LTR visa is medical insurance with coverage of at least USD 50,000 for each applicant. At the same time, the insurance policy must meet certain requirements, which are important to consider before submitting the application. What are the insurance requirements for the LTR visa? The insurance must …
Recently, co-owners of a well-known condominium received property tax bills — with almost all of them being charged at a rate of 0.3% of the apartment’s value. Why was the tax so high? Let’s take a closer look at when the 0.02% rate applies and when the 0.3% rate applies. When does the 0.02% rate …
Property Tax in Thailand: When Does the 0.02% Rate Apply and When Does It Apply at 0.3%? Read More »
Tax Residency in Thailand You can accurately determine your tax status on December 31, once it is clear how many days you have actually spent in Thailand. How tax residency is determined Resident — 180 days or moreNon-resident — 179 days or less Your status does not depend on the type of visa and is …
We have suspended work with the DTV visa for several practical reasons. Despite its formally simple entry requirements, in practice this visa is becoming increasingly unpredictable. Let’s break down how it differs from the LTR visa and why the choice is obvious in most cases. Why we do not work with the DTV visa 1. …
The first investment visa in Phuket has been processed by our company. Basis Real estate: Timeline Result A Non-B visa was obtained: Next step: Additionally, a re-entry permit was issued (in this case — free of charge). Why this is the first case According to Immigration authorities, applications are submitted regularly, but in most cases …
The first investment visa in Phuket has been obtained Read More »
Let’s review which visas are available to property owners and which one to choose if your goal is to open a bank account. Visas Available to Property Owners Investment Visa (3 months + 12 months) Property value: from 3 million THB Suitable for: LTR — for High-Net-Worth Individuals (10 years) Option 1: Option 2: LTR …
Visas, Real Estate, and Bank Accounts in Thailand Read More »
The main myth:“After the death of a foreigner, all their property goes to the state.” This is not true.Let’s review the most common misconceptions and what actually happens in practice. Company Shares Are Not Inheritable Myth: Shares cannot be passed to heirs.Reality: Shares are assets, just like real estate, funds, or vehicles, and they can …
Can property purchased on the secondary market be used?Yes. Both primary property from a developer and a condominium purchased from an individual are acceptable. Can multiple properties be used?Yes, for example, two units worth 2 million THB each.However, it is important that the properties are located within the same condominium. Is a villa (house + …
Visa for Property Owners Worth from 3 Million THB: FAQ Read More »
Thailand offers the possibility of obtaining a visa based on property ownership. Let’s review the conditions, requirements, and key aspects of the process. Who Can Apply The applicant must own real estate: Mandatory requirements: Conditions for Application Process: Required Documents Property documents: Additional: Visas for Family Members It is possible to obtain visas for: Conclusion …
Visa for Property Owners Worth from 3 Million THB Read More »
When purchasing property from a developer, contracts often include the following clause:“In the event of the buyer’s death prior to the registration of ownership, the developer shall transfer the contractual rights to their heir ______.” At first glance, this may seem like a convenient solution. However, in practice, such a clause does not protect the …
