As a foreigner, you are generally not allowed to own land in Thailand. However, there are a few options available for foreigners who want to own property in Thailand:
- Leasehold: You can lease land for a period of up to 30 years, with the option to renew the lease for additional periods.
- Condominium ownership: Foreigners are allowed to own condominium units in Thailand, provided that at least 51% of the units in the building are owned by Thai nationals.
- Setting up a Thai company: You can set up a Thai company and have the company own the land on your behalf. However, you will need to have at least 51% Thai ownership in the company.
- Nominee arrangements: You can also enter into a nominee arrangement, where you hold the land through a Thai national who acts as a nominee on your behalf. This option is not legally recognized and is generally not recommended.
It is important to note that these options may not be suitable for everyone and each has its own set of risks and considerations. It is recommended that you speak to a reputable agent before making your purchasing decision.
You can get a free consultation from UnionSPACE Thailand team and/or check out their Company Incorporation Package for Property Acquisition
