Foreign nationals can buy real personal property as part of the investment project called "IRS" (Integrated Resort Scheme) from a developer who has received specific approval by the BOI (Board of Investment) and the purchaser will also get a purchase permit from the BOI.
As part of this purchase, foreign nationals have the opportunity to apply for a residence permit.
In addition to the IRS system, the RES (Real Estate Scheme) allows to purchase with no minimum purchase price a property to a developer who has received specific approval says "RES" (Real Estate Scheme) by the BOI.
As part of this purchase, citizens cannot apply for a residence permit unless the purchase price of the property is more than 500,000 dollars (412,500 euros or about Rs 16,087,500)
