Why Taiwanese pick Phuket
The #1 foreign market in Thailand — pool villas, branded residences and 30+30+30 leases are common.
Main Taiwanese segments we see here: long-term investors · retirees · digital nomads · expanding business owners.
Typical holding structures in this province: 30+30+30 long-lease plus usufruct overlay.
Legal & ownership structure for Taiwanese
Taiwanese 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 Phuket 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 Phuket context
Recommended visas for Taiwanese settling in Phuket: LTR-Wealthy · Elite · Investment (B) · Work (B).
Transfer fees & taxes at the Phuket Land Office: 2% transfer fee · 0.5% stamp duty · 3.3% Specific Business Tax (if held <5 years) · withholding income tax.
Wiring funds from Taiwan: TWD outbound capped USD 5M/yr; Mega Bank Bangkok branch frequent; Taiwan-Thailand 1999 DTT in force — an FET form is required before registration of ownership.
NYC Legal's service in Phuket
End-to-end due diligence · title/zoning/EIA checks · bilingual contracts (Mandarin Chinese (Traditional)/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 Phuket to close in person, or handle it remotely via Power of Attorney + online notary.
FAQ
Can Taiwanese buy a condo in Phuket?
Yes, within the 49% Foreign Quota of the building. Funds must be wired from abroad with an FET form.
Can Taiwanese own land in Phuket?
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 Phuket.