Knowledge Center for Laws and Regulations
Foreigners are allowed to own real estate in Thailand under specific conditions outlined by laws and regulations as the following:
1. Foreigner who has invested THB 40M.
Foreigners who receive approval from the Minister of the Interior to acquire land for residential purposes, as per Section 96 of the Land Code, in conjunction with the Ministerial Regulation on Criteria, Procedures, and Conditions for Foreigners to Acquire Land for Residential Purposes, B.E. 2545. The conditions for approval include investing a minimum of 40 million baht in a designated business or project and maintaining that investment for at least 5 years. The land must be located within Bangkok, Pattaya City, municipal districts, or areas designated as residential zones under urban planning laws.
2. Company under BOI Promotion
Companies that owned by 100% foreigners if permitted by the Board of Investment of Thailand will be eligible to own land for specific purpose of usage such as the location of factory, office or residential in accordance with the permission granted by the government case by case basis.
3.Land under Industrial Estate Laws
Foreign industrial operators may own land within industrial estates for their business operations under the Industrial Estate Authority of Thailand Act, B.E. 2522
4.Company in Eastern Economic Corridor Development zone
Foreign entities operating in special economic zones, which have received investment promotion, can own land within those zones for business activities as per the Eastern Economic Corridor Development Act, B.E. 2561 (EEC).
5.CONDOMINIUM
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Foreigner is allowed to purchase the ownership of the condominium within the 49% foreign quota of the building. Furthermore, the fund that will be used for the purchase of such condominium must be brought in full from overseas.
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