As a foreigner, owning land in Thailand is restricted, but there are legal ways to invest in property, including land and houses. Here’s how you can structure ownership:

  1. Buying a Condominium (Freehold Ownership) – Easiest Option
  • Under the Thailand Condominium Act, foreigners can own 100% freehold of a condo, as long as foreign ownership in the building does not exceed 49%.
  • This is the safest and simplest way for foreigners to invest in Thai property.
  •  You must transfer the purchase funds from abroad and declare them as “condo purchase funds.”

 

  1. Leasehold Land and House (30-Year Lease) – Secure & Legal
  • Foreigners can lease land for up to 30 years, with two automatic renewals (up to 90 years).
  • You can own the house built on the leased land (separate from the land ownership).
  • Lease agreements must be registered with the Land Office and should include renewal clauses.

Best for: Personal residences, vacation homes, or rental properties.

  1. Setting Up a Thai Company (For Business Investment or personal Living)
  • A foreigner can establish a Thai Limited Company, where the foreign ownership is capped at 49%, while Thai shareholders hold 51%.
  • The company can legally own land and property.
  • You must ensure the company is legitimately operating (not a “nominee” setup, which is illegal).
  • This is a common method for investors looking to buy land for villas, resorts, or rental businesses.

Best for: Investors wanting to develop or rent out property.

 

  1. BOI (Board of Investment) or Foreign Business Act
  • If you invest heavily in Thailand’s economy, the BOI may grant special land ownership rights.
  • This option is rare and usually applies to large-scale businesses, such as hotels or factories..

Best for: Large-scale business investors

 

  1. Thai Spouse or Thai Partner (Marriage Route)
  • If married to a Thai citizen, the Thai spouse can buy land in their name.
  • However, the foreign spouse must sign a declaration stating they have no claim on the land.
  • The house can still be owned by the foreigner through a lease agreement.

Best for: Foreigners married to Thai nationals.

Which Option is Best?

  • For investment and Personal living: Thai company ownership (only legally structured and active).
  • For rental income: Leasehold or a Thai company setup
  • For personal use: Leasehold (30 years) or buying a freehold condo