Thai law currently doses not allow foreigners to own land (except in very special/expensive circumstances). However, oddly enough the law does not prevent foreigners from owning buildings.
There are a number of options available to a foreigner wanting to acquire a home. Many of these options carry with them risks.
It is our opinion that for many customers the safest, most secure and least costly option (Re. the different levels of government taxes regarding property ownership) is to acquire land via a Leasehold agreement:
This option has become very popular recently due to a relaxation in Thai law.
A foreigner may lease the land for up to 30 years (with 2 successive renewals making 90 years).
If the land is for commercial use (e.g. an office) then each lease can be for 60 years each.
Typically the lease will allow the tenant to transfer ownership to any person during the term of the lease.
Ownership of all buildings on the land and rights of access are protected under the lease.
Further, most leasehold agreements will allow the tenant to own the land, at anytime in the future, should a change in government policy permit it.
We can plan and implement the most appropriate scheme for you.
We can also put you in contact with an English speaking Thai lawyer who is well versed in such matters.