Buy property in Thailand as Foreigner

Foreigners Can Legally Own Property in Thailand – Here’s What You Need to Know

If you would like to buy property in Thailand as a foreigner read this before.

Thailand continues to be a popular destination for foreign property investors, thanks to its lifestyle, climate, and high-quality real estate offerings. While foreigners can legally own property in Thailand, it’s essential to understand the legal framework and restrictions to buy property in Thailand as a foreigner and make a secure and compliant investment.

Key Legal Considerations for Foreign Buyers:

• Condominium Ownership: Foreigners are legally allowed to own condominium units, with the law permitting up to 49% of the total floor area in any condominium project to be owned by foreigners. This is the most straightforward and secure form of property ownership available to non-Thais.

• Land Ownership: In general, foreigners cannot own land in Thailand. However, long-term lease agreements (usually 30 years, with possible extensions) are commonly used as a legal workaround, especially when buying villas or houses built on land.

• Thai Company Ownership: Some foreign investors establish a Thai majority-owned company to purchase land. While this is legally possible, it involves strict legal compliance and regular audits, and misuse of nominee shareholders is strictly prohibited. Professional legal advice is a must.

• Business Use and the Foreign Business Act: If the property is being acquired for business purposes, such as rental income or development, investors must also comply with the Foreign Business Act, which regulates foreign involvement in Thai business activities.

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At ENP Property, we specialize in helping foreign buyers navigate these complexities. From due diligence to legal consultation and ownership structuring, our expert team ensures that your property investment is not only rewarding—but also legally sound and worry-free.

Let us guide you through buy property in Thailand as Foreignera , safe and smart property purchase in Thailand.

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