- 1 THB= Approximately 1.4 MUR
At SIAMORIS, we open the doors to foreign ownership of condominiums throughout Thailand, empowering Mauritians and global investors to legally own freehold property in the most sought-after cities — from Bangkok to Phuket, Chiang Mai to Hua Hin, Pattaya to Samui.
We are not real estate agents. We are a dedicated property portal and advisory platform, connecting you directly with licensed developers and owners while guiding you through every legal, financial, and practical step — from property discovery to ownership, rental, and resale.
Whether you seek a vacation retreat, a retirement residence, or a long-term investment, SIAMORIS ensures that your journey to owning in Thailand is secure, straightforward, and tailored to your needs.
Our Story
SIAMORIS was founded by Dana Kim-Soo, a Mauritian entrepreneur with extensive experience in researching and understanding customer needs across multiple industries, including tourism, real estate, events, marketing, and more. After building successful companies in Mauritius, Dana identified a powerful opportunity for Mauritians and other foreign buyers to invest confidently in Thailand’s thriving condominium market.
Fluent in French, Creole, and English, and currently learning Thai to better navigate the local environment, Dana has visited Thailand numerous times over the years. These visits provided valuable insights into its property market, lifestyle, and long-term investment potential. Today, she is based in Bangkok, fostering connections with trusted developers and genuine property owners to ensure every property offered through SIAMORIS meets strict standards of authenticity and legal compliance.
Thailand offers what many Mauritians dream of: modern, luxury living at competitive prices, strong rental yields, full freehold ownership options for foreigners, and an unmatched tropical or vibrant city lifestyle. Yet for many, navigating a foreign country’s property laws, banking processes, and ownership rules can feel overwhelming and challenging.
That is where SIAMORIS comes in.
We act as your trusted bridge between Mauritius and Thailand, making the buying process transparent, legal, and stress free. By working directly with developers and owners, we ensure no agent markups, no hidden fees, and full compliance with the Thai Condominium Act.
Whether you are seeking a retirement retreat, a profitable rental property, or a vacation home in the heart of Asia, SIAMORIS guides you every step of the way.
Mission Statement
Our mission is simple: Make it easy, safe, and rewarding for Mauritians and foreign investors to own property in Thailand.
We remove the barriers that often stop buyers — language, legal complexity, and unfamiliar banking rules — by handling all the details with full transparency. From helping you choose the right condo and securing the necessary FET or Credit Note for ownership registration, to managing your property after purchase, SIAMORIS is with you from start to finish.
Backed by experience in fast-growth industries, deep market insight from living in Thailand, and a network of trusted partners, we focus on delivering:
Clear legal guidance for safe, compliant purchases.
Direct-from-developer prices with no agent commission.
Access to exclusive units within the 49% foreign quota.
Post-purchase services — rental, resale, and property management.
For us, it’s not just about selling property.
It’s about creating opportunities for Mauritians to grow their wealth, expand their lifestyle options, and invest in a future they truly want — with expert support on the ground in Thailand.
Free Virtual Viewing
Not in Thailand yet? No problem. Explore your chosen property in real-time from anywhere in the world — free of charge.
-Live video walk-through with our trusted local partner
-View the unit, facilities, and surrounding area
-Ask questions and get answers instantly.
Why choose SIAMORIS?
Legal Foreign Ownership Made Easy
We help foreigners, especially Mauritians, legally own freehold condos in Thailand under the Thai Condominium Act. Our team simplifies the legal process, ensures full compliance, and provides verified documents, so buyers can invest confidently without hidden risks, loopholes, or confusion. Clear ownership. Transparent steps. No legal shortcuts. Ask ChatGPT
Zero-Agent Markup, 100% Transparency
We are not agents. We list verified properties directly from developers or owners — meaning the price you see is the real price, with no middleman markups, no inflated commissions, and no hidden fees. You pay the owner or developer directly
Legal Coordination & Financial Clarity
From FET forms to contracts in your name, we work closely with trusted Thai legal experts to guarantee every document is legally binding and fully compliant. Our process ensures your ownership is secure, your investment is protected, and every step is handled with transparency and professionalism—no surprises, no shortcuts.
End-to-End Property Services
Whether you're buying, renting out, reselling, or searching for a new property, our support doesn’t end at purchase. We offer continuous assistance through property management, rental coordination, resale support, and future investment scouting—ensuring your Thai real estate journey is smooth, secure, and profitable at every stage of ownership.
Flexible Investment & Lifestyle Options
Whether you're seeking a vacation home, steady rental income, or a retirement base in Thailand, we help you find the perfect condo to match your goals. With full legal transparency and personalized guidance, we ensure your investment aligns with your lifestyle, budget, and long-term plans—no stress, just smart choices.
Built for Mauritian and International Buyers
We understand the unique concerns of international property buyers — especially Mauritians. From visa guidance and currency exchange to banking support and cultural clarity, SIAMORIS bridges the gap between Thailand and your home country. We simplify the process, speak your language, and offer solutions built around your specific needs.
Your Path to Foreign Ownership
Steps to Buy a Condo as a Foreigner
Buying a home can be easy if you know the steps. The buying process may differ slightly depending on the developer or seller, but everything will always follow the terms stated in your contract.
. Follow this simple guide to navigate the process with confidence. We’ll cover everything you need to know to find and secure your dream property.
Timeline: 3–6 weeks depending on your availability, developer speed, and whether you’re in Thailand or abroad.
Step 1: Choose Your Dream Condo
• Browse our listings or tell us your preferences
• We shortlist verified properties that match your goals
• All prices come directly from developers or owners — no agent markup
Step 2: Book a Free Consultation
Not sure where to begin? Schedule a free online consultation.
We’ll explain the steps to legally own a freehold condo as a foreigner:
Thai foreign ownership laws (Thai Condominium Act)
Legal documents and payment rules
Visa options and long-stay benefits
Taxation, inheritance, and rental implications
Step 3: Schedule a Virtual Tour (Optional) or an in-Person Viewings
Whether you’re overseas or already in Thailand, we make property viewings easy and accessible.
If you’re in Thailand:
We’ll arrange an in-person viewing with our trusted local representatives, who will ensure your experience is smooth, safe, and informative. You’ll have the chance to inspect the property up close, ask about the neighborhood, and understand the lifestyle each location offers.
If you’re not in Thailand:
We offer high-quality virtual tours of each shortlisted condo. You’ll be able to explore the unit, building facilities, and surroundings from the comfort of your home. Our local partners will guide you in real-time through video call, answering your questions and providing detailed insights.
We want you to feel fully informed and confident in your decision — no matter where you are in the world.
Step 4: Choose Your Condo & Reserve It
Once you’ve selected a unit, you reserve it by paying a reservation fee between 50,000 Baht and 200,000 Baht (or equivalent to 75,000 MUR or 300,000 MUR), depending on the developer and unit.
All payments must be made from a personal bank account in your name (not company or third-party) and sent from outside Thailand in foreign currency.
This ensures that you will be eligible to receive one of the required ownership documents:
FET Form (Foreign Exchange Transaction Certificate) — issued automatically for transfers above USD 50,000 (or equivalent to 2.4 millions MUR)
OR
Credit Note / Confirmation of Inward Remittance Letter — issued by the receiving Thai bank for lower amounts, and still accepted by the Land Department under Section 19 of the Condominium Act
This step is legally required to register the property under your name as a foreigner.
We confirm unit availability directly with the developer before you transfer the funds.
A reservation agreement is signed to secure the unit in your name.
This amount is deducted from the final purchase price.
⚠️ Foreign Quota Check:
Before any payment is made, we verify that your selected condo unit falls within the legal 49% foreign ownership quota of the building — a mandatory requirement for foreigners to hold full freehold title.
Step 5: Legal Due Diligence (Optional but Recommended)
Hire an independent Thai property lawyer (optional but ideal) to:
• Conduct a title deed search at the Land Department
• Review zoning laws, foreign quota, and building permits
• Ensure no mortgages, liens, or legal issues exist
• Review and finalize the Sale & Purchase Agreement (SPA)
Step 6: Sign the Sale & Purchase Agreement (SPA)
If you’re in Thailand:
Sign documents in person. Required documents:
Passport copy
Arrival stamp page
Signed SPA & Reservation Agreement
If you’re not in Thailand:
• Documents will be shipped to you.
• You must hand-sign them (no e-signatures allowed).
• Notarize and legalize via Thai Embassy or Apostille.
• Courier the original signed documents back to Thailand.
📌 Important: Land Department does not accept scanned or electronic copies.
Documents you’ll sign include (If Applicable- the buyer’s lawyer reviews it first):
• Sale & Purchase Agreement
• Power of Attorney (for ownership transfer and electricity name change)
• Passport copy
If Buyer will be joining an investment program:
• Lease Agreement.
• Tax application forms
POA Representation Options: • You may appoint a lawyer or our licensed agent using the Land Department POA (Form Tor Dor 21).
• SIAMORIS does not act as POA.
Step 7: Initial or Full Payment (Based on Developer/ Seller Terms)
If you’re in Thailand:
Before leaving Mauritius, activate online banking with international transfer access, increase transaction limits, and keep your Mauritian SIM active for OTP. Alternatively, sign a Power of Attorney allowing a trusted person to visit your bank and handle the transfer if needed. This ensures flexibility while you’re in Thailand.
Transfer Purpose: Must state “For purchase of condominium unit in Thailand.”
All funds must be transferred from outside Thailand in foreign currency and converted to THB upon arrival.
The Thai receiving bank will issue one of the following:
A Foreign Exchange Transaction (FET) Form — issued for single transfers over USD $50,000 (approx. ฿1.7 million)
A Credit Note or Confirmation Letter of Foreign Currency Inward Remittance — issued for transfers under USD $50,000, also accepted by the Land Department.
These forms are mandatory for foreign buyers to legally own a condo in Thailand.
This step guarantees that your condo will be registered in your name with full legal clarity, meeting all requirements of the Thai Condominium Act.
Step 8: Remaining Payment-If Applicable
The remaining balance (if payment hasn’t been completed already) is usually paid 1–3 weeks after the SPA is signed, depending on the developer’s schedule and legal readiness.
• Payment must come from the same foreign account in the buyer’s name to maintain consistency for FET or credit note issuance.
We assist you with:
• Currency exchange and bank coordination
• Tracking of FET or Credit Note issuance
• Secure payment guidance with the developer or seller
Buyers can still make multiple smaller payments as long as they come from the buyer’s overseas account and each transfer includes the correct purpose.
⚠️ The Thai bank will issue a Credit Note or Foreign Currency Inward Remittance Confirmation Letter instead of an FET form — both are valid for ownership registration under Section 19 of the Condominium Act.
Step 9: Ownership Transfer & Title Deed
The final ownership transfer is conducted at the Land Department.
Ownership is transferred only after the Land Department confirms full payment.
If you’re in Thailand: • Attend the appointment in person with your documents.
If you’re not in Thailand: You may appoint a licensed lawyer or representative using the Land Department POA form (Tor Dor 21).
• The POA must be notarized and legalized at the Thai embassy or via Apostille.
Documents the Buyer Provides:
• Passport + proof of address
• Visa (if available)
• FET Form (Thor Tor 3) – or if not eligible, a Credit Note or Foreign Currency Inward Remittance Confirmation Letter from the receiving Thai bank.
• Notarized POA (if absent)
Documents the Seller Provides:
• Original title deed (Chanote)
• ID or passport
• House registration book (Tabien Baan)
• Company documents (if seller is a company)
• Marriage/divorce cert (if jointly owned)
Fees & Taxes (may vary by agreement):
• Transfer fee: 2% of appraised value (not market price) is used to calculate transfer fees and taxes (split or by buyer/seller).
• Withholding tax: Based on income/tax status of seller and how long they’ve owned the condo- Paid by the seller, unless otherwise agreed.
• Stamp duty: 0.5% (Only applicable if the seller owned the condo for over 5 years and is not subject to SBT. Stamp duty is not paid if SBT is applicable. Only one of the two applies- Paid by Seller
• Specific Business Tax (SBT): 3.3% (if seller held unit less than 5 years)- Paid by Seller
After transfer, you receive:
• Chanote title deed
• Tabien Baan (house registration)
Step 10: Move In, Rent Out, or Let Us Manage It
Upon completion: • You receive keys, condo documents, and warranty info.
• If furnished, sign inventory checklist.
You decide what comes next:
🏡 Live in it
🌴 Use it as a vacation home
💼 Rent it out for income
We offer full rental and property management:
• Listing and tenant sourcing
• Contract handling
• Cleaning and maintenance
FREQUENTLY ASKED QUESTIONS
Yes — foreign nationals, including Mauritians, can legally own freehold condominiums in Thailand under the Thai Condominium Act. The only restriction is that foreign ownership in any one building cannot exceed 49% of the total sellable floor area. We ensure the unit you choose is within this quota before any payment is made.
Foreigners can own a condominium unit in their own name with full freehold rights. Landed property (such as houses or villas) cannot be owned freehold by foreigners, but there are legal alternatives such as leasehold agreements or setting up a Thai company. SIAMORIS focuses on condominiums for straightforward, safe, and transparent ownership.
Prices start from around THB 2 million (approx. Rs 2.6M MUR) for smaller units in prime locations, but the total budget will depend on the city, building, and size. High-end luxury condos in Bangkok or beachfront locations will cost more.
You will need:
A valid passport
Proof of overseas fund transfer in foreign currency (FET Form or Credit Note from the receiving Thai bank)
A signed Sale & Purchase Agreement (SPA)
Power of Attorney if you cannot attend the transfer in person
Thai law requires that all funds for the purchase come from outside Thailand in foreign currency, sent from a personal bank account in your name. Your bank will state the purpose as “For purchase of condominium in Thailand.” We guide you through the transfer process and ensure the correct documents are issued for ownership registration.
The Foreign Exchange Transaction (FET) Form is issued by a Thai bank for any single transfer over USD 50,000 (around Rs 2.4M MUR). If your purchase is below this amount, the bank will issue a Credit Note or Confirmation Letter of Foreign Currency Inward Remittance, which is equally valid under Thai law for condo registration.
Most foreign buyers purchase in cash, as Thai banks rarely offer mortgages to non-residents. However, some developers offer instalment plans during construction for off-plan projects. We help you find the best payment options based on your budget.
Yes — you can complete the entire purchase process remotely. We arrange free virtual viewings, handle document couriering, and work with trusted legal representatives so you can buy without travelling.
