By When you are a foreigner living in Thailand, some things you can own are limited, such as owning land and property. However, there are still plenty of things that you can spend your money on if it is burning a hole in your pocket. If you are looking to make a significant purchase when living in Thailand and not sure how to spend your money, below are some of the options you have which may be suitable, depending on how much you can afford to spend.
Buying A Yacht
There are no limitations to buying a yacht if this is something you are interested in doing. There are many options available in Thailand, so you will need to find yourself a good broker, and when you are looking for a yacht for sale, Phuket will have some of the best options available. However, keep in mind that there are running costs to owning a vessel, and if you do not maintain your yacht correctly, this can affect the resale value when you look to sell it in the future.
Buying Property
As a foreigner, you cannot own land in Thailand, although there are some loopholes to get around this. However, you can own a condo unit or multiple units, so you can also consider buying yourself a luxurious condo. There are close to half a million empty condos in Thailand, so there is plenty for you to choose from, and you will need to decide what part of the country you want to get one. If you have the funds available, you can always get a few of them and spend your time travelling around the country between your different properties.
Buying A Business
You can also consider buying a business while you are in Thailand, and although there are limitations on the jobs a foreigner can do, you can own a business within the restricted sectors. You will want to get a business in a field that you are passionate about, which will help to make it more fun than work, and there are plenty of options available. There are also plenty of established businesses you can buy, or you can set one up from scratch, and you will need the services of a reputable accountant or lawyer to do this.
These are a few things you can consider investing a significant amount of cash into, but there are more options as well. Ensure you consider all your options carefully before taking the plunge, and ensure you are happy living and working in the Land of Smiles first.
