FAQ

• The agency fee for renting out properties is equivalent to one month's rent.
• Property tax is 0.02% (for example, a property worth 3 million Thai Baht is approximately 600 Thai Baht, and it is collected before July each year).
• Building management fees are usually paid by the homeowner, in a lump sum for one year.

• Both the buyer and seller can go to the developer together to complete the contract exchange procedures, or they can entrust New Vista International Real Estate to assist with the contract exchange procedures.
• Most developers in Thailand do not charge any contract renewal fees, so it's best to consult with the developer's contact person before reselling.
• If the transaction is completed through the New Vista, the seller will be charged a service fee, but the buyer will not be charged.

• Yes, resale is a strong point of New Vista. Many newcomers to the industry lack experience in resale transactions and are prone to oversights. Our company has assisted many clients with the transfer of ownership, with meticulous procedures and guaranteed secure transactions. New Vista is your trustworthy Thai real estate expert.

• Pre-handover inspection is available from New Vista, which offers a paid inspection service. The inspection fee is 4,500 baht for a one-bedroom unit, 5,500 baht for a two-bedroom unit, and additional fees are quoted for three-bedroom units and above.
• Once the property registration is completed, you will receive the original title deed, the Land Office registration form, and the blue household register.

• The POA Land Office transfer authorization letter must be signed by the applicant.
• Authorization for name change of water and electricity meter deposits must be signed in person.
• A photocopy of the purchaser's passport with their own signature.
• Married individuals must submit a Thai version of their marriage certificate (including whether the spouse is disclosed).
• Please provide the names of the registrant's parents.
• Recent three-month entry records into Thailand.
• Proof of overseas remittance to Thailand (FET) is required for 100% funds.
• With all the required documents prepared, the property registration can be completed in about 15 days.

• When purchasing real estate in Thailand, you must have a recent record of entry into Thailand at the time of property handover. If you are unable to complete the transfer in person, you must have a Power of Attorney (POA) and a copy of your passport notarized through the three-step notarization process in Taiwan (notary office, Ministry of Foreign Affairs, and Thai Representative Office). Our staff will assist you with this process.
• The fee is approximately 3,000 New Taiwan dollars, depending on the number of notarized documents.

• Thailand has allowed foreigners to purchase real estate in the country since 1990.
• Foreigners can purchase apartments in the building using their passports, under their own names.
• Foreigners may not own land or detached houses in Thailand on their own (except through a company).
• Foreigners may purchase no more than 49% of the total number of units in a building (Thai nationals must hold more than 51%).

• Freehold: There are absolutely no time limits; this is equivalent to land ownership in Taiwan, and the buyer retains ownership in perpetuity.
• Leasehold: Subject to a time limit of 30+30, with a 30-year term renewed every 30 years. Similar to Taiwan’s surface rights, this type of right grants only the right to use the land, not actual ownership of the land.

• The property may be held jointly by up to five people (we recommend a maximum of two), all of whom must be at least 21 years of age to purchase and register the property.

• When purchasing real estate in Thailand, you must have a recent record of entry into Thailand at the time of property handover. If you are unable to complete the transfer in person, you must have a Power of Attorney (POA) and a copy of your passport notarized through the three-step notarization process in Taiwan (notary office, Ministry of Foreign Affairs, and Thai Representative Office). Our staff will assist you with this process.
• The fee is approximately 3,000 New Taiwan dollars, depending on the number of notarized documents.

When Buying a Home in Thailand:

• Transfer Fee: 2% (the buyer and seller each pay 1%, calculated based on the published price).

When Selling Property in Thailand:

• Transfer Fee: 2% (the buyer and seller each pay 1%, calculated based on the published price).
• Specific Business Tax 3.3% Sold within five years.
• Stamp Duty: 0.5%. If sold after five years (the 3.3% special business tax does not apply).
• Income tax (capital gains) ranges from approximately 1% to 2%, with the calculation formula varying depending on the holding period.

If you need help calculating taxes, please contact a New Vista representative!

Property Tax on Apartment Buildings in Thailand:

• Property and Land Tax: For properties valued between 0 and 50 million, the tax is calculated at a rate of 0.021 TP3T based on the assessed value of the property (for example, a property valued at 3 million would be subject to a tax of approximately 600 baht). The tax is collected every July.

• Gift Tax: There is no concept of a “gift” for foreigners; it applies only to Thai nationals. If a foreign couple jointly owns real estate and, upon divorce, one party transfers their share to the other—whether through a written agreement or a court order—the transfer must be processed as a sale, and a FET foreign exchange certificate is required.

There are only two ways for foreigners to transfer real estate:
1. Methods of Property Transfer
2. In the event of the holder’s death, through inheritance

• Inheritance Tax: If the heir is a parent or a lineal relative, a tax of 5–101 TP3T is levied on the portion of the estate valued at over 100 million baht. Heirs must file a tax return within 150 days; there is no age restriction for heirs.
• Handled by an attorney; fees are charged separately.

• It is very difficult for foreigners to obtain a loan locally. Currently, only UOB Bank and ICBC offer such loans. The property value must be at least 5 million baht, and the loan-to-value ratio is approximately 50 percent, with interest rates ranging from about 61 TP3T to 81 TP3T. Borrowers must provide proof of financial capacity equivalent to at least 2 million Thai baht. Debt-to-income ratios from Taiwan must not be too high, and a credit report from Taiwan is required. Loan conditions are very strict. For more details, please contact a sales representative.
• We recommend taking out a second mortgage using your Taiwanese real estate as collateral. Mortgage interest rates in Taiwan are approximately 21 TP3T; our sales representatives can assist you.

• Any resident of Taiwan who is at least 50 years old and retired, or any foreign national holding a permanent resident card for foreign nationals in Taiwan,
  To apply for a Non-Immigrant Visa “O-A” for multiple entries into Thailand for a stay of no more than one year”

  * Taiwanese ID card, passport, 2-inch passport-style photo
  * An English-language certificate of deposit and a certified copy of the passbook showing detailed current account transaction history for at least three months (must be updated through the day before the application date, and the balance must remain at no less than 800,000 Thai baht (or the equivalent in foreign currency)) 
  * Original copy of a medical examination form from a Taiwanese hospital (must be valid for no more than three months)
  * Certificate of Entry and Exit Dates issued by the National Immigration Agency of Taiwan’s Ministry of the Interior (covering the one-year period prior to the date of application).
  * Taiwan Criminal Record Certificate (Certificate of Good Conduct) valid for three months
  * Purchase health insurance with a maximum coverage limit of $100,000 for medical expenses, which must include coverage for a confirmed diagnosis of COVID-19.
  * You can apply online in Taiwan; please visit the website of the Thai Trade and Economic Office.

  Note:
  1. It is prohibited to work in Thailand
  2. Applicants must not be listed as persons prohibited from entering the country.
  3. Visa fee: 5,600 yuan
  4. Applicants wishing to sponsor their spouse to live with them in Taiwan must submit both the original and a copy of their marriage certificate if the spouse does not meet the requirements for a “Non-O-A” visa (the spouse may apply for a “Non-O” visa).

• The Elite Card is a premium VIP service designed to exempt foreign nationals who love Thailand and wish to reside there long-term from excessive red tape. It includes airport transfers and various VIP services. The application process is simple and fast, with multiple card options available—5-year, 10-year, and 20-year terms. Our company partners with service providers for this program, waives processing fees, and can connect you with an Elite Card representative for consultation.
• As long as you have no issues with overstaying your visa in Thailand and no major criminal record, your application for the Elite Card can be approved.

• Building management fees are calculated per square meter and vary slightly depending on the development; for residential properties, they range from approximately 45 to 100 baht per square meter.
• Management fees are generally paid by the landlord and are prepaid annually.
• Payment methods for water and electricity bills in Thailand: Water bills are paid at the building management office, and the basic electricity charge is approximately 100 baht or less.

• A debt repayment fund is a one-time expenditure set aside as an emergency fund, intended to cover any one-time repairs or improvements required for a project at some point in the future.
• The debt repayment fund must be paid when the apartment is delivered to the buyer; its amount is determined by the apartment's square footage and is therefore calculated per square meter.
• When an apartment building is completed and handed over to residents, most developers require residents to pay one year’s worth of management fees in advance; during that one-year period, residents are not required to pay any additional management fees. Management fees are used to cover the day-to-day operations of the development (such as security, property administration, janitorial staff salaries, pool maintenance, elevator maintenance, electricity, and so on).

• The monthly rent and two months' security deposit will be transferred to your Thai bank account. You must open the account in person at a Thai bank; a representative from New Vista Thailand will accompany you and assist with translation, so there’s no need to worry about language barriers.

• In Thailand, there is no need to purchase common areas when buying an apartment; developers sell units based on actual floor area. Thai apartments typically include essential common facilities such as swimming pools, gyms, reading rooms, and rooftop gardens, saving you 30% or more on the purchase price.
• The developer is providing approximately 50% of parking space free of charge. Residents who apply for a parking permit may park on a first-come, first-served basis; there are no assigned parking spaces.

• There is no performance guarantee for apartments in Thailand, and each payment must be transferred to the developer's company account.
• All real estate projects undergo rigorous scrutiny. We represent Thailand’s top 10 renowned developers, minimizing the risks for our clients during transactions.

Application Process and Required Documents:

Step 1
1. Original passport of the owner
2. The two witnesses must go to the Land Office together to apply for a new title deed.

Step 2
After the application is submitted, the Land Bureau first issues a public notice, which takes about 30 days. Only after 30 days have passed can the next steps be taken.

Processing time: It is expected to take 2–3 months.

When applying for a new title deed, the property owner must apply in person; however, the owner may authorize someone else to pick it up.

Due to recent changes in Thailand’s banking policies, you must hold a long-term visa in Thailand to open a bank account. You can open a Thai baht account, a foreign currency account, and a securities account at the same time.

Examples of visas: retirement visas, elite visas, student visas, work visas, APEC Business Travel Cards, etc. New Vista can assist clients in opening bank accounts.