Why buy with Siamoris

(+230) 5708-8998

1 THB= Approximately 1.4 MUR

Why buy with Siamoris?

Buying a condo in Thailand from overseas is absolutely possible when the steps, paperwork, and taxes are handled correctly. Siamoris makes it simple for international buyers by curating the right properties and coordinating licensed local professionals (lawyers, developers, agents, banks, property managers) so you can purchase safely—often without getting on a plane.

The Siamoris difference

Condos only, foreign-friendly: We focus on condominiums that can be owned freehold under the foreign quota (max 49%) so non-residents can hold title in their own names.

Paperwork made clear: We show you exactly what the Land Department expects (original SPA/POA, foreign-remittance proof such as FET or Bank Credit Note).

Bank transfer coaching: Sample memo text your bank can use so Thai banks can issue the correct proof (FET/Credit Note) that the Land Department accepts.

15% rent-withholding clarity: When corporate payers or managers remit rent (especially to owners without a Thai Tax ID or when paying overseas), they commonly withhold 15% of the gross rent as a compliance hold. You later claim that as a credit in your annual Thai return; any excess is refunded.

Transparent fees: Buyer price is the same as going direct to the developer/seller. Any introducer/agent commission from the developer is disclosed. If a buyer advisory fee is needed, it’s agreed in writing first.

Remote flow done right: Reserve → sign originals → overseas transfers (in foreign currency) → Land Office transfer by your authorized representative.

What we do (and what licensed partners do)

Shortlist & compare: We curate buildings and units that match your budget, yield goals, and rental rules.

Diligence setup: We arrange the foreign-quota letter and a no-debt letter (where relevant), and we give you a simple SPA review checklist.

Legal review (partner law firm): Your chosen Thai property lawyer checks chanote/title, encumbrances, EIA/building permits, and reviews/edits the SPA.

Payments & proof: We provide exact transfer wording; your bank and the developer’s bank issue FET/Credit Notes showing funds came from overseas in your name.

Transfer day: We coordinate your POA appointment; your lawyer or authorized representative attends the Land Department to register title.

Rent & management: We introduce licensed property managers/agents and explain the 15% rent-withholding practice and withholding certificates you should keep.

Tax filing & refunds: We connect you with a Thai accountant to file PND 90 by 31 March and claim any refund if the 15% withholding exceeds your final tax.

How the process works (remote-friendly)

1) Reserve the unit

•⁠ ⁠Choose a unit and pay a reservation fee (typically THB 50,000–200,000) directly to the developer/seller. •⁠ ⁠Obtain foreign-quota confirmation from the juristic office and (where relevant) a no-debt letter.

2) Due diligence & SPA

•⁠ ⁠Your lawyer verifies title, encumbrances, and permits; you sign the SPA in original (notarize/legalize if abroad). •⁠ ⁠SPA allocates transfer fees/taxes (common practice: 2% transfer fee split; SBT 3.3% if seller held <5y; otherwise Stamp 0.5%).

3) Overseas transfers & proof

•⁠ ⁠Send funds from your overseas account in foreign currency (do not pre-convert to THB). •⁠ ⁠Thai receiving bank issues FET (≥ USD 50k single transfer) or Bank Credit Note (< USD 50k). Keep originals.

4) Transfer (Land Department)

•⁠ ⁠Your lawyer/authorized representative attends with your POA. •⁠ ⁠Fees/taxes paid; chanote (title deed) is updated to your name.

5) Rent-out or move-in

•⁠ ⁠Engage a manager/agent if renting. If a corporate payer/manager remits rent, expect 15% withholding on gross and ask for withholding certificates (PND 53) every month/quarter.

What we do (and what licensed partners do)

1.⁠ ⁠Condo-only focus (foreign-friendly). We shortlist buildings with available foreign quota (≤49%) so you can hold freehold title in your own name.

2.⁠ ⁠Developer-neutral curation. We compare multiple projects/units (Bangkok, Phuket, Pattaya, etc.) on livability, rentalability, building rules, fees, and exit prospects—not just what one developer wants to sell that week.

3.⁠ ⁠Paperwork made simple. We spell out what the Land Department expects (original SPA/POA, proof of foreign remittance like FET or Bank Credit Note), so you’re never stuck on transfer day.

4.⁠ ⁠No hidden mark-ups. Buyer price is the same as going direct. If a developer pays us an introducer commission, we’ll say so. If any buyer advisory fee ever applies, it’s agreed in writing first.

5.⁠ ⁠Clear tax & rent basics (no jargon). We explain the common 15% rent withholding used by many corporate payers/managers and how owners later claim credits/refunds via the annual Thai filing—so you go in eyes-open.

6.⁠ ⁠Remote purchase, zero drama. Reserve, sign originals, remit funds from overseas (in foreign currency), and have a licensed representative register title for you—without flying in if you prefer.

7.⁠ ⁠Risk filters up front. We flag common deal-killers early: full foreign quota, mis-worded bank transfers (no FET/Credit Note), unapproved POAs, unclear rental rules, or unrealistic rental promises.

8.⁠ ⁠Local, licensed bench. We connect you with independent Thai lawyers, property managers, accountants, and banks—you choose who to appoint; we coordinate the introductions.

9.⁠ ⁠Mauritius-aware guidance. Time-zone friendly, currency-transfer tips for MUR/EUR/USD, and high-level notes on claiming foreign-tax credits back home (your chosen accountant handles the filings).

10.⁠ ⁠We keep you out of the grey. No daily-rental traps where restricted, no “nominee” land schemes, no taking custody of your money—clean and compliant only.

Why Thailand condos (especially for Mauritian buyers)?

True freehold ownership (within the 49% foreign quota)

Foreigners can own condo units freehold in their personal name, provided the building’s foreign quota still has capacity (max 49% of total sellable area).

Your name appears on the Chanote (title deed). You may sell, gift, or bequeath the unit, and you can mortgage it where lenders allow.

Purchase funds come from overseas in foreign currency; Thai banks issue FET/Bank Credit Notes so the Land Department can register foreign freehold.

Strong, diversified rental demand

Bangkok (business, expats, embassies, students), Phuket/Pattaya/Hua Hin (tourism, retiree & long-stay), Chiang Mai (education, remote workers).

Demand drivers: tourism, international schools & hospitals, multinational companies, digital nomads, long-stay visas.

Buildings with transit access (BTS/MRT) or beach-adjacent stock rent more easily and resell better over time.

Modern living & cost advantage

City energy + island escapes: Bangkok’s 24/7 city life (food, culture, shopping, nightlife) and easy hops to Phuket, Samui, Krabi, Chiang Mai.

Modern buildings: pools, gyms, co-working, key-card security, concierge — easy to live, easy to rent.

Cost-of-living arbitrage: dining out, transport, healthcare and entertainment often cost less than in Mauritius, with far more choice (mega-malls, night markets, cafés, live music).

Healthcare: world-class private hospitals and dental/medical wellness make extended stays comfortable.

Move without a car: BTS/MRT, ride-hailing, frequent domestic flights.

Everyday convenience: late-night malls, delivery super-apps, on-site building management.

Low recurring taxes (helps net returns)

Annual Land & Building Tax on residential condos is low by global standards.

No council-tax style monthly bills; routine costs are mainly CAM fees (common area maintenance) and utilities you actually use.

Clear exit taxes/fees at sale (transfer fee, SBT or stamp duty, withholding on sale) are published and standardized.

Lifestyle + yield in one asset

Modern condos come with pools, gyms, 24/7 security, co-working lounges, kids’ rooms—easy to let and easy to use during your own stays.

On-site juristic offices and professional managers simplify maintenance and tenant handling.

Remote-owner friendly

Entire process can be completed from overseas (reserve → sign originals → remit → POA transfer).

Property managers can source tenants, collect rent, and coordinate cleaning/repairs.

Where corporate payers/managers handle rent, a standard 15% rent withholding is often applied and credited at year-end when you file—clean paper trail for taxes.

Access & stays

Visa-exempt stays up to 60 days (with typical 30-day extension option) let you combine long holidays + unit handovers + viewings in one trip.

Flight access: frequent one-stop routes from MRU to BKK/HKT via major hubs; good schedules make weekend or week-long inspection trips realistic.

Time-zone ease: only 3 hours apart — simple for video viewings, bank calls, and document coordination.

Predictable, centralized transfer system

Thailand’s Land Department handles registrations using government appraised values and set forms.

Standard documents (original SPA/POA, FET/Credit Note) and clear fee tables reduce surprises on transfer day.

Time-zone & access advantages for Mauritians

Business hours overlap comfortably (Mauritius is 3 hours behind Bangkok, Thailand), making bank, lawyer, and agent coordination straightforward.

Widespread English in real estate, banking, and professional services; French widely understood in hospitality.

Healthcare, education, and infrastructure

International hospitals, global schools/universities, and improving transport (BTS/MRT lines, airports) support both lifestyle use and tenant demand.

Visas that pair well with ownership

While property ownership ≠ residency, Thailand Privilege (Elite) visas and other long-stay categories make extended stays simpler for owners who visit often.