In Thailand foreigners can't own land freehold but are allowed to secure the land through a long term lease. A foreigner can own a house (building) freehold separate from the land. Therefore the common ownership structure for foreigners buying land and house is as follows:
Freehold ownership for the house (building).
Thailand law allows for a non-
Limited companies registered in Thailand with a majority Thai ownership (51% or more) are able to buy land in Thailand, meaning the land is owned by the Company, NOT the individual.
It has been common for foreign nationals to acquire houses as minority shareholders (but with majority of votes) in a Thai majority company. However the foreigner should have a real Thai business partner in order to buy the land through a company.
Should you have any questions relating to the ownership of the property we are happy to recommend qualified legal advisors to assist you.
45/11 Moo.4 Kamala, Kathu, Phuket Thailand 83150
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