Are foreigners allowed to own land in Thailand?

Are foreigners allowed to own land in Thailand?

Generally, foreigners are not allowed to directly purchase land in Thailand. It is a commonly unknown fact that although a foreigner cannot own land in Thailand, he can own the house or structure built thereon. One only has to apply for a construction permit to build the house in his own name.

How much land can a foreigner own in Thailand?

In theory foreign individuals can own land up to 1 rai (1600 square meters) under section 96 bis of Land Code Amendment Act (1999) for residential purposes through the Board of Investment which requires a 40 million baht investment into Thailand in specified assets or government bonds beneficial to the Thai economy.

Why can’t foreigners buy land in Thailand?

There are restrictions in Thai law which prevent foreigners from owning landed property. The Thai shareholders they find should be legitimate investors, as well as interested parties who have a say in running the company going forward. A foreigner may not own more than 49\% of the shares.

Can foreigners buy landed property in Thailand?

What are the restrictions on foreigners buying and owning property in Thailand? Foreigners can purchase up to 49 per cent of the condominium units in any freehold condominium in Thailand, but are not allowed to buy landed property outright. They are allowed to purchase leasehold landed property for up to 30 years.

Can foreigners buy land in Thailand 2021?

Yes, Foreigners Buying Property in Thailand can take freehold ownership of a structure in Thailand, however foreigners are not permitted to own land in Thailand. Foreigners may enter into a long lease agreement, commonly known as “Leasehold” to secure the land.

Can foreigners buy farm land in Thailand?

Foreigners can’t own land in Thailand. However, a Thai registered company can own the land, and a foreigner can open a company if they meet the requirements. In addition, a foreigner married to a Thai national CAN own land in Thailand.

Can foreigners buy farmland in Thailand?

Can a foreigner buy a villa in Thailand?

Given restrictions on land ownership, foreigners cannot own a villa outright, rather they must purchase a leasehold agreement. In general, this process is straight-forward and you should expect an offer of a 30-year lease on any villa or home, which is the maximum duration for any leasehold in Thailand.

Can a foreigner get Thai citizenship?

Citizenship depends on the immigration status and the marriage status of the parents. A person born to either a Thai father or mother, regardless of birth place, may apply for Thai citizenship. A foreigner who would like to obtain Thai Citizenship must go through the naturalization process.

Can foreigner buy condo in Thailand?

There are no restrictions on nationality and every foreigner who can enter Thailand legally (there are no visa-class requirements) can buy and own a condo unit within the foreign ownership quota of the condominium, but every foreigner must personally qualify for ownership under section 19 of the Condominium Act.

Can a foreigner be a farmer in Thailand?

The law allows foreigners to run farm businesses in Thailand in the form of a joint-venture company in which Thais must own at least 51 percent. Alongkorn said several countries had expressed interest in investing in growing food in Thailand since he made official visits to the Middle East from March.