Investment visa
What to do with 10 million baht?
The downturn has had a definite upside for anyone planning to relocate in Thailand. To woo foreign investors, the government has revived the investment visa, which was first introduced in the aftermath of the catastrophic Asian Crisis of 1997.
In common with many countries around the world, Таиланд is keen to attract well-off retired and semi-retired foreigners who can appreciate its phenomenal quality of life and, in return, give the economy a boost.
In November last year Thailand made its killer move in the global scramble for high-quality residents by introducing an attractive new visa – albeit one with a price tag of 10 million baht.
The investment visa offers the right to live in Thailand to anyone bringing 10 million baht into the country and putting it into property, government bonds or an account in a Thai bank – or any combination of those three that hits eight digits in baht.
Holders are prohibited from earning a wage in Thailand, but should get an unlimited right to stay here – as long as they remember to renew their visa annually.
Expats who took up the earlier version of the investment visa – which required an investment of only 3 million baht – still have the right to live in Thailand even after their visa was abolished in 2006.
Another attraction is that the investment visa has no age restriction. The retirement visa – which requires a monthly income of 65,000 baht or an 800,000-baht bank deposit – is only open to foreigners who are at least 50 лет.
So, the problem is: where to put your 10 million baht?
Unsurprisingly, as a real estate agent, I am going to say your best bet is property. But it is, anyway. For a start, it saves on rent. The return is also way above what bonds and bank deposits are offering.
Your options with 10 million baht in Thailand’s current property market are also fairly broad. This is not a tremendous sum for many expats – it works out at about €200,000, $300,000 or £180,000 – but it can get a desirable property in Bangkok or in Thailand’s resort destinations.
Bangkok residents with an eye on investment should consider that 80% of expats are looking to buy or rent one- and two-bedroom properties on Sukhumvit. At the moment, two-bedroom condos near a skytrain station are about 90,000 к 120,000 baht per square metre.
Поочередно, 10 million baht could get you a villa at the seaside, with a swimming pool and 800 square metres of ground (although your ownership rights are much less clear than with a condo).
But the best of both worlds could be to pick up a pair of condos: one in the city and another in a resort town. This can open up an income stream as well as cheap weekends at the beach.
Rental incomes of between 5% и 7% are quite feasible in Thailand – way above what most markets can offer.
If you opt to buy in a resort and are looking for a return, you should consider what the market wants – which is to be as near the beach as possible. A beach-front studio usually trumps a one-bedroom condo that is a kilometre away from the sea – although being near a golf course is another major draw.
In my view, Bangkok-based expats could definitively consider a weekend place in Паттайя или Хуа Хин. In their extremely different ways, they both provide a comprehensive antidote to the city within a couple of hours’ drive. Both also offer opportunities for renting out accommodation to tourists.
I would add here that, if you are the sort of person who reacts badly to Pattaya’s earthy sense of fun, you might be surprised how family-friendly Паттайя and Jomtien have become – much more about golfing than ping-pong, these days.
По-прежнему, if you appreciate tranquility and traditional Thai culture, you could well find your spiritual home in the royal resort of Хуа Хин, where Bangkok’s haute monde have been spending their weekends for almost a century now.
But wherever you choose to buy a second home, it can pay to find a development offering a guaranteed rental income. Many projects in Бангкок as well as resort destinations now deliver a guaranteed return for up to five years. If you are happy to wait, you can also pick up great bargains by buying off-plan.
Посмотреть сообщение:
Investment visa
Входящие термины поиска для статьи:
568 всего просмотров, 3 пока сегодня
