FREQUENTLY ASKED QUESTIONS
Foreign Ownership
According to Thai law, foreigners can not own land directly, so lets look at the options available where foreigners actually can own:
- A unit registered as a condominium
- A leasehold for up to 30 years at a time (extendable)
Lets dive deeper into each option to see how its done and whats the requirements are.
Buying A Condominium
According to the condominium act of 1979, foreigners are allowed a freehold ownership of up to 49% of total unit space in a legally registered condominium project.
The person responsible for the juristic of the condomonium project must give you a letter of guarantee which must be presented to the Land Department upon transfer of ownership.
Leasehold
Long-term leaseholds are a popular choice by many foreigners. Its an easy and secure process which can be structured to be similar to a freehold ownership. Its typical that a leasehold lasts for 30 years at a time, which is extendable for another two periods which grant you a total period of 90 years. With this structure, you are the sole owner of 100% of the buildings that occupy the land, and the lessor cannot take possession of the property upon expiration of the lease as the property is separated from the land and will not be a component part under the Civil Law.
Freehold