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Foreign nationals can own the building (villa) in their own name, but not the land that it stands on.
Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.
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, you have to follow these steps:
Villas (TQ) Installment Milestone Payment Reservation Deposit Immediately $8,760 1st Installment 25% Completion 10% 2nd Installment 50% Completion 10% 3rd Installment 75% Completion 10% 4th Installment On handover 60% Villas (FQ) Installment Milestone Payment Reservation Deposit Immediately $8,760 1st Installment Upon contract signing 20% 2nd Installment Foundation Completion 15% 3rd Installment Rooftop Completion 15% 4th Installment On handover 50% Condo (TQ) Installment Milestone Payment Reservation Deposit Immediately $5,840 1st Installment Upon contract signing 10% 2nd Installment Down Payment 15 Installment 30% 3rd Installment On handover 60% Condo (FQ) Installment Milestone Payment Reservation Deposit Immediately $5,840 1st Installment Upon contract signing 20% 2nd Installment Foundation Completion 15% 3rd Installment Rooftop Completion 15% 4th Installment On handover 50%
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.