Property Ownership in Thailand

While Thailand welcomes foreign investment in real estate, there are legal restrictions in place, particularly concerning land ownership. However, there are several legal pathways that allow foreigners to own or control property.

Land Ownership (Restricted)

Foreigners are generally prohibited from owning land outright in Thailand. However, a special provision under Thai law allows for an exception in limited cases:

• A foreigner may be permitted to own up to 1 rai (1,600 square metres) of land for residential purposes

• Must invest at least 40 million Baht in government bonds, infrastructure funds, or assets that benefit the Thai economy

• Approval is subject to review and authorisation by the Ministry of Interior

• The land must be used for personal residential use, not for commercial purposes

Due to the complex and discretionary nature of this process, professional legal support is strongly advised.

Leasehold Land

A more common option for foreigners is leasing land on a long-term basis:

• Lease agreements can be structured for up to 30 years

• Renewable terms may be possible (another 30+30 years), though not guaranteed by law

• The lease must be registered with the Land Department to be legally enforceable

Leasehold arrangements are popular for building homes, especially in resort areas. However, leases do not grant ownership and can have limitations, so due diligence is essential.

Condominium Ownership

Foreigners are permitted to purchase and own condominium units in Thailand, subject to certain conditions:

• Foreign ownership in any given condominium building must not exceed 49% of the total saleable area

• Funds used to purchase the property must be transferred into Thailand in foreign currency with appropriate documentation

• Ownership must be registered at the Land Department

Condominium ownership is the most straightforward and legally protected way for foreigners to own property in Thailand.

Ownership Through a Thai Company