Foreigners who want to live or invest in Thailand often wonder how they can own land in Thailand.
Here are 3 possible ways for Foreigners to own land in Thailand:
- A foreigner can acquire land by inheritance as statutory heir and register an ownership in such land after having obtained permission from the Minister of Interior. However, in this case, the total plots of land including the land which has already been acquired (or has not yet been acquired) shall not be exceeding of those specified by Thai Land law, for examples, land for residential purpose not exceeding 1 Rai per household, land for commercial purpose not exceeding 1 Rai, land for industrial purpose not exceeding 10 Rai, and land for agricultural purpose not exceeding 10 Rai per household. (1 Rai of land = 4 Ngan (or 1,600 Square Meters)
- A foreigner can acquire land only for a residential purpose and the land to be purchased shall not be more than 1 Rai in area (=1,600 Square Meters) by bringing the money into the Kingdom for investment of at least 40,000,000 THB (Forty Million Thai Baht) in accordance with the rules and conditions concerning the period of investment, the location of land and the business activities under having obtained permission from the Minister of Ministry of Interior. For more details on this, please see this article http://thailawyers.com/can-foreigners-own-land-in-thailand/
- A foreigner can acquire land by applying for acquisition of land under other laws such as the Promotion of Investment Act, B.E. 2520 (1977), the Industrial Estate Authority of Thailand Act, B.E. 2522 (1979), the Petroleum Act, B.E. 2514 (1971). Detailed Information regarding the Promotion of Investment Act and the Industrial Estate Authority of Thailand Act can be obtained from the Board of Investment (BOI) at tel. + 66-2537-8111 and from the Industrial Estate Authority of Thailand at tel. +66-2253-0561 respectively. For more information about Thailand BOI and the process of getting Thailand BOI promotion, visit http://thailawyers.com/thailand-boi/
Contact Thailawyers for further information and consultation on land and property ownership in Thailand.