Investing in Thailand Real Estate Laws for Foreigners (2025 Guide)

Thailand has always been one of the most attractive destinations for property investment in Asia. With its tropical climate, booming tourism, and affordable luxury, many foreigners are interested in buying real estate. However, Thai property laws for foreigners come with specific restrictions and opportunities.

Here’s a clear guide to help you understand the legal framework before investing in Thailand real estate in 2025.

1. Can Foreigners Own Land in Thailand?

Foreigners cannot directly own freehold land in Thailand under current law. Land ownership is reserved for Thai nationals. However, there are legal structures that allow foreigners to secure long-term control, such as:

• Leasehold agreements (up to 30 years, renewable).
  
  

• Thai limited company ownership (foreigners can own up to 49%).
  
  

• Board of Investment (BOI) special privileges (for large investors).
  
  

2. Condominium Ownership: The Most Popular Option

Foreigners are allowed to buy condominiums (condos) in Thailand freehold, as long as:

• Foreign ownership in the building does not exceed 49% of total units.
  
  

• Funds are transferred into Thailand in foreign currency (with a Foreign Exchange Transaction Form as proof).
  
  

This makes condos the most straightforward and secure way for foreigners to own property in Thailand.

3. Leasehold Properties

If you want to invest in land or houses, you can sign a leasehold agreement for up to 30 years, with the option to renew. While leasehold does not give full ownership, it provides secure long-term use, especially for residential villas.

4. Setting Up a Thai Company

Another common method is to establish a Thai limited company, where the foreigner holds up to 49% and Thai nationals hold 51%. The company can then legally own land. However, this structure must be genuine (not just a nominee setup), and annual compliance costs apply.

5. Important Legal Documents & Taxes

• Chanote Title Deed: The strongest form of land ownership document.
  
  

• Transfer Fees & Taxes: Around 6–7% of the property price.
  
  

• Due Diligence: Always verify the title deed and developer credibility.
  
  

Conclusion

Foreigners cannot directly own land in Thailand, but with the condo freehold option, leasehold agreements, or company structures, there are several safe ways to invest. Working with a reliable real estate agency and legal advisor is essential to ensure a smooth and secure transaction.

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