Can foreigners buy or own property in Thailand?

Yes, foreigners are allowed to own condominium units in Thailand as long as the foreign ownership in the building does not exceed 49% of the total units.

In addition, foreigners can own land and villa in Thailand through a leasehold agreement, which allows them to lease the land period of 30 years. This setup also welcomes the possibility of maintaining a contractual agreement for two subsequent renewals (30 years + renewal for 30 years + another renewal for 30 years, totaling a 90-years lease for the buyer).

Alternatively, foreigners can form a Thai company and purchase property in the company’s name, A foreigner who takes part of the company should not own more than 49% of the shares of the company.

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