Can foreigners buy/own land and houses in Thailand?
In Thailand, foreigners cannot directly own land or houses. However, there are indirect methods to purchase and use property:
1. Purchasing Through a Licensed Thai Company
- Foreigners can establish a Thai-registered company to buy land or a house under the company’s name.
- However, at least 51% of the company’s shares must be owned by Thai nationals, while foreigners can hold up to 49%.
- This method involves compliance with auditing, taxation, and legal regulations.
2. Leasehold Agreement
- Foreigners can lease land for up to 30 years, with the possibility of renewal (typically structured as 30 + 30 + 30 years).
- This is the most common and convenient method for foreign property buyers.
- It is crucial to secure guarantees from the landowner (developer) to ensure lease extensions.
3. Other Options
- Joint ownership with a Thai national – However, this requires a highly trustworthy partner due to legal risks.
📌 Recommendations
- For easier transactions, consider leasehold agreements or condominium purchases (foreigners can own condos 100% if at least 51% of the building is Thai-owned).
- If buying through a company, ensure full legal compliance to avoid issues.
Thailand’s property laws can be complex, so it’s advisable to consult a reputable real estate agent or lawyer specializing in Thai property.
ATT Aung Ti Tant Thailand Company Limited is a legally registered firm in Thailand and works directly with top developers. We offer free advisory services to help you purchase property with confidence.
For inquiries, contact us via:
- Thai Office Phone:
- +66 0834202733 (Viber/WhatsApp)
- +66 0858416869 (Line/WhatsApp)
- +66 83 213 3693 (Line/WhatsApp)
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