Yes, foreigners are allowed to own land in Thailand, but there are certain restrictions and requirements that apply.
Under Thai law, foreigners are not permitted to directly own land in Thailand. However, there are several ways that foreigners can obtain ownership or long-term use of land in Thailand, including:
- Leasing land: Foreigners can lease land for a period of up to 30 years, with the option to renew the lease for additional periods. The lease must be registered with the Land Department and the leasehold ownership is recorded in the land title deed.
- Setting up a Thai company: Foreigners can set up a Thai company and use the company to purchase land in Thailand. The company must be at least 51% owned by Thai nationals, and the foreigner’s ownership in the company must be recorded in the company’s articles of association.
- Obtaining a land ownership certificate: Foreigners can obtain a land ownership certificate, which grants the holder the right to use and occupy the land for a period of up to 90 years. This option is available to foreigners who have made a significant investment in Thailand, such as building a factory or investing in a development project.
It is important to note that all land transactions in Thailand must be registered with the Land Department and are subject to Thai laws and regulations. It is recommended that foreigners seek legal advice before purchasing or leasing land in Thailand