Foreigners must know
The 1954-enacted Land Code Act in Thailand governs ownership of land. Thai nationals only are permitted to own land in Thailand under the terms of the Land Code Act. Although it is illegal for foreigners to possess land in Thailand, they are permitted to lease it for up to 30 years.
Through a company.
Through a corporation that is registered in Thailand, foreigners can own land there. However, Thai citizens must possess at least 51% of the business.
Through a lease.
Foreigners can lease land in Thailand for a period of up to 30 years.
Through a concession.
Foreign nationals may be given special permission by the Thai government to possess property for projects like resort construction or factory construction.
It is significant to highlight that Thailand's foreign land ownership laws are convoluted and complex. It is crucial to seek legal advice from a knowledgeable attorney if you are a foreigner considering purchasing or renting land in Thailand.
Here are some additional things to keep in mind about foreign land rights in Thailand:
- Foreigners are not allowed to own agricultural land.
- Foreigners are not allowed to own land in national parks or other protected areas.
- Foreigners are not allowed to own land that is close to the border of Thailand.
It is crucial to be aware of these limitations if you are a foreigner thinking about leasing or purchasing land in Thailand.