Owning a House and Land in Thailand - Foreign Info

วันที่ 29 กรกฎาคม 2551

According to Thai law, any person can register any type of building in their own name; therefore a foreigner can own a building on the land and may register such ownership local district’s Land Office. Certainty of possession of land and house is assured by being the owner of the house. If arranged in this manner, then the house will be separate from the land, and will not be a component part under Civil Law.
It is clearly stated under Thai law that foreigner cannot own freehold land except the following conditions
-          Become a Thai resident/citizen
-          Receive an inheritance the total area including the land which has or has not been acquired must not over 1 Rai (1,600 sqm.) for a residential purpose
-          Bringing the money not less than forty million Baht into Thailand for investment to the amount as prescribed in the Ministerial Regulation, which shall be not less than Baht forty million and the land which has been acquired must not over 1 Rai (1,600 sqm.) for a residential purpose
-          Acquisition of land applying under other laws such as the Promotion of Investment Act, B.E. 2520 (1977), the Industrial Estate Authority of Thailand Act, B.E. 2522 (1979), the Petroleum Act, B.E. 2514 (1971).
-          A foreigners can have a 30 year lease with a prepaid option to renew for a further two times of 30 years each
-          Usufruct Interest, which is limited to a 30 year maximum period with an option to renew, allows a foreigner temporary ownership rights to things on or arising from the land. Usufruct Interest expires upon the death of the holder and cannot be inherited but it cane be sold or transferred
-          Any company with more than 40% foreign interest buys land will be investigated by the Central Land Office in Bangkok to assure that the company has not been established in an attempt to avoid the prohibition against foreign ownership of land.