Foreigners are not allowed by Thai laws to completely own a land in Thailand, but you still have options to buy a land here as a foreigner :
- One of the most common way is to rent the land with a 30 years contract. Although the Thai laws restrict the land ownership for foreigners, it’s totally legal to hold a land lease 100% on your name for a maximum of 30 years. The contract is theoretically renewable 2 times depending on the owner’s will.
- The second best option is to set-up a Thai Limited Company using the service of a (good) lawyer.
- If you are married to a Thai National you can buy a land or a property but this process have a lot of limitations. Careful crafting of a prenuptial agreement is recommended (advised by a lawyer).
- Another way is to use the Board Of Investment (BOI), Thai laws allow a foreigner to own a limited plot of land as soon as he invests a certain amount of money in the country. This kind of property is limited to residential purposes only.
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Here are some websites covering the topic of buying a land in Thailand as a foreigner :
- on Siam-Legal.com : Buying Land in Thailand
- on SamuiForSale : Foreign Land Property Ownership Thailand
- on Thailand-Lawyer.com : Thailand Land Lease
Check out our latest land for sale in Koh Chang listings. We also have an exclusive opportunity to rent land plots in a new exciting commercial area : see our page about the new project LB complex.