The foreign quota in 5 steps
In Thailand, a condominium may not sell more than 49% of its saleable floor area to foreigners in freehold. Before you sign, you must confirm that the current foreign share is below 49% and that your unit can be registered under that quota.
1. Request the juristic person letter
The juristic person manager (the condo's management body) issues a dated letter stating the total foreign-owned area and how much quota is still available.
2. Verify at the Land Office
The Chanote must reflect the situation as of the day of transfer. You check it in person using the title deed number.
3. Transfer funds from abroad
The FET form (Foreign Exchange Transaction) proves the funds came from overseas — it is mandatory to acquire under the foreign quota.
4. Reservation and booking deposit
Expect a booking deposit of 5% to 10% before the transfer is signed.
5. Transfer at the Land Office
Signature, payment of the fees (2% transfer fee, specific business tax if held under 5 years, withholding tax) and handover of the Chanote to the new owner.
