AN EXCELLENT OPPORTUNITY TO OWN A BEACHFRONT LAND CLOSED TO INTERNATIONAL SCHOOL

FREEHOLD

According to the law, land ownership is technicallyonly possible for Thai nationals and Thai entities.Consequently, foreign owners can buy land indirectly by setting up a Thai company.project offers freehold schemes. Under current Thai law, freehold ownership is only available to Thai
nationals or Thai registered companies.

Therefore, establishing a business as a holding vehicle for landed property is a common practice, particularly in Phuket,Pattaya, and Hua Hin, where many homebuyers and investors opt for villas and houses.

Despite the complexities involved, purchasing landed property offers buyers unique control, lifestyle benefits, and independence that may be preferable compared to condos. Investing in house and lot as an asset class has demonstrated significant capital appreciation returns

LEASEHOLD

Foreigners can opt for the relatively straightforward choice of buying landed property on a leasehold basis, allowing them to enjoy the property for a period of 30 years, with possible extensions.

Many residential developers, particularly in coastal cities like Phuket, Pattaya, and Hua Hin, facilitate this process by offering foreign buyers the opportunity to purchase villas and houses on long leasehold terms.

It’s important to note that leasehold extensions are contractual agreements between the developer, landowner, and property buyer. 

Question:
I heard you could buy land with a BOI investment. Is this true?

Answer:
Yes, it is true. You will need a 40 million Baht investment to bring this to fruition.The Thailand ‘Board of Investment' (BOI) will
allow you to buy and own freehold land up to 1 rai (1600 square meters) under section 96 of the 1999 Land Code Amendment Act.

Question:
I've heard that if you're married to a Thai you can buy land?

Answer:
Yes, that it true. But you can't register it in your name and you have to waive your rights to the property. Foreign nationals cannot own freehold land. A freehold land title must be registered in a Thai person's name or a company name.