Foreign individuals or foreign owned companies are not allowed to own a direct interest in land. Thai Law restricts foreigners from buying or owning land, however ownership is made possible under the following conditions :
- The Board of Investment (BOI) and the Industrial Estates Authority (IEA) has mandate to permit
promoted companies land ownership for the purpose of the promoted business.
- Permission can be granted under the Petroleum Act for use in approved projects.
- Banks and financial Institutes that have become foreign owned.
- An individual who invests a minimum of 40 million baht in authorised securities in Thailand may
buy up to one Rai (1600 sq m) of land for residential purposes only
These exceptions do not present hindrances to the majority of foreigners considering investment in Thailand. There are exceptions to the rule and fully legitimate avenues in which a foreigner may purchase land or property
Without prejudice. The information presented on these pages are solely guidelines. Nikolsons strongly recommend you consult with a qualified lawyer before commencing any business transaction.