Thailand, Vietnam, and Cambodia are three countries that are closely related to each other.

It's an inseparable relationship even though we hate each other.
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Today, we're going to talk about real estate purchases in three Southeast Asian countries

I'm going to compare it by dividing it into condominiums and land.

Let's compare it by dividing it into real estate names, remittances, and conditions.


1-1 Name of purchase of real estate condominiums in Southeast Asia

* In Thailand, foreigners can only purchase condos under the name of the corporation.

The corporation also needs a reliable local person because the local person must have more than 51%.

If you contact a Korean tax accountant or accountant in Thailand, we have solutions for this.

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* In Vietnam, up to 30% of the total volume can be purchased under the name of a foreigner.

  This is also why Koreans and Chinese once flocked to Vietnam to buy condos.  In fact, Ho Chi Minh City's first-tier, central Hanoi,
 
  had a pretty good return.  Now, the sale price itself seems to have risen so much that it has become an uninteresting market.

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* Cambodia can also buy condominiums under foreigners' names. They can be easily purchased without any sanctions.

  In Cambodia, a revision of the law is being made to allow foreigners to sell a certain amount of ordinary houses to foreigners

  for the purpose of attracting foreign investment.



1-2 Name of purchase of real estate in Southeast Asia


* Thailand allows foreign companies to acquire BOI, IEAT, etc. to own land. It is possible only when the company's identity is clear.

Foreigners can own up to 1,600 m2 of land for residential purposes if they invest 40 million baht (W1.5 billion) over three years.

The barrier seems to be a bit high.

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* Vietnam can be granted a right to use, not ownership, only if a foreign company invests more than 20 billion dong (1 billion won)

and has a project. You can't buy land for foreigners.
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* In Cambodia, regardless of whether it is a foreign company or an individual, as the trust system comes into effect,

you can purchase any real estate using a nominal trust. I think that's the biggest advantage of Cambodian real estate.



2. Return of investment to your home country


If you invest in real estate in Southeast Asia and generate profits, you will have to send the profits and principal back to your home country.


* Thailand can transfer money to their home country after paying the documentary evidence and taxes for the principal deposit.

You can transfer money to the baht and receive it in your own currency.
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* Vietnam, like China, is prohibited from taking any funds abroad. It is a country that is essentially forbidden from paying taxes,

whether it is principal, profitable, or otherwise for loading foreign exchange reserves.

In the end, you have to bring it out using currency exchange, but it won't be easy because the price of real estate sales is large.

Of course, currency exchange is illegal.

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* Cambodia is a country where overseas funds are free to export, so you can freely deposit and withdraw money whenever evidence is ready.

Banks have a lot of lax sanctions, and they also have low currency losses because they use dollars.



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Three Southeast Asian countries, Thailand, Vietnam, and Cambodia, are easily recognized as underdeveloped countries that cannot live.

But Thailand from Southeast Asia is an unparalleled developed country Vietnam is the country that threatened Thailand in Southeast Asia.

In the 2000s, it was widely said that it would catch up with Thailand as it developed rapidly.

In conclusion, Vietnam's growth is slowing due to COVID-19, and soaring land prices may be blocking Vietnam's development,

Recently, the economy has been growing high again. There is also data released by the IMF that Vietnam will surpass Thailand in 2028.

Thailand is also a very well-organized country.

It's a country where the Japanese government has passed on a lot of laws and regulations, and it's well-equipped, like an advanced country

in Southeast Asia.

If you approach it with good conditions, you can buy real estate in Thailand.

However, the hurdles seem too high for individuals to approach. Vietnam's risks are clear.

Too often the laws and regulations change when the president or prime minister changes because it's a communist country,

and you need to be careful all the time.

Even after purchasing a Vietnamese property, you should always listen to the government's policies.

And even if a foreign corporation succeeds in purchasing land with conditions, there are many restrictions on land development.

I personally used the method of obtaining a development permit in the name of a local to purchase Vietnamese land and converting

 it into a foreign corporation, which has the disadvantage of double cost.

It's only natural that you have to be able to trust the Vietnamese locals.

Lastly, Cambodia is so generous to foreign investors that there is a statement in the Investment Act that foreign investors should not

be discriminated against from locals,

Systems such as resale are also friendly to foreigners. These laws allow you to purchase real estate freely and allow foreign

deposits and withdrawals.

If you dream of investing in Southeast Asia, I recommend you to take a look at Thailand, Vietnam, and other Cambodia,

which are noisy and hectic. Buying real estate in Southeast Asia is not easy. However, the rate of return on real estate investment

is so good that I can't give up. The above is really only part of it, so research is needed for each Southeast Asian country with

more individuals for investment.

I recommend you to study investment while referring to the big part of the above.

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