There are a few options for foreigners looking to buy property in Thailand:
- Freehold ownership: Foreigners are allowed to buy and own condominium units outright in their own name. To do this, the condominium must be registered in the foreigner’s name, and the foreigner must provide proof of ownership (such as a sales and purchase agreement).
- Leasehold ownership: Foreigners are also allowed to lease land for up to 30 years, with the option to renew the lease. The lease must be registered at the Land Department and a copy of the lease agreement must be kept on the property.
- Nominee ownership: Foreigners are not allowed to directly own land in Thailand, but they can use a Thai nominee to hold the land on their behalf. This arrangement should be carefully structured and documented to ensure that the foreigner has control over the property and can sell or transfer it as desired.
- Company ownership: Foreigners are allowed to own land through a Thai company, as long as the company is at least 51% owned by Thai nationals.
- Foreigners are allowed to own condominium units outright as long as the building is registered with the Condominium Act and at least 51% of the units in the building are owned by Thai nationals.
- To purchase a condominium unit, a foreigner must provide proof of ownership, such as a sales and purchase agreement, and register the ownership at the Land Department.
- Foreigners are allowed to lease land for up to 30 years, with the option to renew the lease. The lease must be registered at the Land Department and a copy of the lease agreement must be kept on the property.
- Foreigners are not allowed to directly own land in Thailand, but they can use a Thai nominee to hold the land on their behalf. This arrangement should be carefully structured and documented to ensure that the foreigner has control over the property and can sell or transfer it as desired.
- Foreigners are allowed to own land through a Thai company, as long as the company is at least 51% owned by Thai nationals.
- Condominium ownership: To purchase a condominium unit, a foreigner must provide proof of ownership, such as a sales and purchase agreement, and register the ownership at the Land Department. The condominium unit must be registered in the foreigner’s name and the foreigner must provide proof of ownership, such as a sales and purchase agreement. The condominium building must also be registered with the Condominium Act and at least 51% of the units in the building must be owned by Thai nationals.
- Leasehold ownership: Foreigners are allowed to lease land for up to 30 years, with the option to renew the lease. The lease must be registered at the Land Department and a copy of the lease agreement must be kept on the property.
- Nominee ownership: Foreigners are not allowed to directly own land in Thailand, but they can use a Thai nominee to hold the land on their behalf. This arrangement should be carefully structured and documented to ensure that the foreigner has control over the property and can sell or transfer it as desired.
- Company ownership: Foreigners are allowed to own land through a Thai company, as long as the company is at least 51% owned by Thai nationals.