Land ownership in Thailand

According to Thai law, foreigners, (or most cases the company with 100% foreign ownership) in general are prohibited from owning freehold land in Thailand.  However, there are a few exceptions to this.

  • Leasehold.  Foreigners may hold total leasehold interest in land and house leases.  The Thai lease law allows a 30-year maximum lease period, with the possibility of renewing the lease for additional 30-year periods.
  • Condominiums. Thailand allows foreigners to own condominiums up to a total of 49% of the total in the building or development.
  • Investment. Thai property law has provisions that allow foreigners to buy and own a limited amount of land based on an investment of THB 40 M (providing that the investment is not moved out for five consecutive years), provided that the land is used for residential purposes.
  • Company with BOI promotion. Foreign companies with BOI privileges can own or lease land and build a factory in Thailand.

Contact ThaiLawyers for further information and consultation on land and property ownership in Thailand.