Thinking of owning a slice of paradise in Thailand? You're not alone. But can foreigners actually buy a property here? Let's break it down.
First thing first — yes, foreigners can buy a property in Thailand, but there are a few important rules to know.
Foreigners can fully own a condo as long as no more than 49% of the total floor area of the condo building is owned by foreigners.
But what about land? Unfortunately, foreigners cannot directly own land in Thailand.
So, what are the alternatives?
One option is to lease the land long-term. Thai law allows leases of up to 30 years, which can be renewed.
Another option is to set up a Thai company to purchase the land, but this requires a majority of Thai ownership in the company.
While there are some restrictions, with the right approach, you can definitely call Thailand your home away from home.
If you are also thinking about a new life in Thailand, click the Apply For Residency button and let us help you.
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