We draw the attention of anyone planning to come to Thailand to purchase a condominium unit: opening a bank account based on a 30-day entry stamp is currently technically impossible.
According to Section 19 ter (5) of the Condominium Act of Thailand, B.E. 2522 (1979), when transferring ownership of a condominium unit, the buyer must provide a document confirming that funds equivalent to the purchase price have been transferred into Thailand from abroad (Tor Tor 3 form). To obtain this document, the buyer must open a bank account in Thailand, transfer the required amount from their overseas account, and notify the bank of the purpose of the transfer upon receipt.
Thus, in accordance with the Condominium Act, every buyer must open a bank account in Thailand prior to purchasing a condominium unit.
At the same time, to open a bank account, it is necessary to obtain a Certificate of Residence from the Immigration Office. Currently, the Immigration Office does not issue such certificates to tourists staying in Thailand on a 30-day entry stamp.
Therefore, if you plan to purchase a condominium or open a bank account for other purposes in Thailand, we recommend obtaining a tourist visa in advance.