Why Korean pick Nonthaburi
Nonthaburi sits in กลาง Thailand and has its own real-estate context and zoning quirks.
Main Korean segments we see here: long-term investors · retirees · digital nomads · expanding business owners.
Typical holding structures in this province: personal-name condo or 30-year lease with registered usufruct.
Legal & ownership structure for Korean
Korean have no special land-treaty; the standard Thai framework applies.
Condos: foreigners may collectively own up to 49% of the saleable area — some buildings in Nonthaburi are already full; we verify before any deposit.
Land: no direct foreign ownership. Options are 30+30+30 long lease, usufruct, superficies, or a Thai Limited Company (49% foreign + 51% bona-fide Thai).
Visa & tax in the Nonthaburi context
Recommended visas for Korean settling in Nonthaburi: LTR-Wealthy · Elite · Investment (B) · DTV.
Transfer fees & taxes at the Nonthaburi Land Office: 2% transfer fee · 0.5% stamp duty · 3.3% Specific Business Tax (if held <5 years) · withholding income tax.
Wiring funds from South Korea: KRW outbound limit USD 50k without filing; Shinhan / KB Kookmin branches in Bangkok ease compliance — an FET form is required before registration of ownership.
NYC Legal's service in Nonthaburi
End-to-end due diligence · title/zoning/EIA checks · bilingual contracts (Korean/Thai) · Notarial Services Attorney · Land Office liaison · tax filings.
Fees depend on structure — from quoted on request for personal-name condos and quoted on request + for Thai company structures.
We travel to Nonthaburi to close in person, or handle it remotely via Power of Attorney + online notary.
FAQ
Can Korean buy a condo in Nonthaburi?
Yes, within the 49% Foreign Quota of the building. Funds must be wired from abroad with an FET form.
Can Korean own land in Nonthaburi?
Not in personal name. Use 30+30+30 long lease, usufruct, superficies, or a properly structured Thai-majority company.
Do I need a visa first?
Not for a condo purchase, but LTR-Wealthy is recommended for Tax ID, local bank account and tax filings.
Can I sign remotely?
Yes — Power of Attorney plus online notary. NYC Legal acts as your attorney through the closing.
What does it cost?
quoted on request for standard condo deals including Foreign Quota checks and Land Office filing in Nonthaburi.