CoreInvestments

Ownership & Legal

Can foreigners own land in Thailand?

Direct Answer

No. Foreign nationals cannot own land freehold in Thailand under the Land Code. The practical alternatives are: registered 30-year leasehold (the standard route), purchase through a Thai-majority company (legally restricted and high-risk), or — in narrow cases — an LTR/BOI structured-investment exception.

Detailed Explanation

The Land Code's prohibition on foreign land ownership applies regardless of marriage to a Thai national — a Thai spouse may own land freehold, but the foreign spouse must declare the funds as a gift with no claim.

Thai-company structures (a Thai-majority limited company holding the land, with the foreigner as minority shareholder and director) are widely marketed but legally fragile. Nominee shareholders are illegal under the Foreign Business Act and the structure invites regulatory scrutiny.

The most defensible foreign-control structure on landed property is a registered 30-year leasehold with contractual renewal clauses and, where permissible, a superficies right granting ownership of the building separate from the land.

Investor Considerations

  • Treat landed property as a leasehold instrument, not a freehold equivalent.
  • Avoid Thai-company-as-nominee structures regardless of how they are marketed.
  • Separate building ownership from land lease where the structure allows.

Risks & Limitations

  • Nominee Thai-company structures can be unwound by authorities and the asset lost.
  • Leasehold renewal is not statutory — counterparty-failure risk over 30+ years is real.
  • Disputes over Thai-spouse ownership escalate in divorce and inheritance scenarios.

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About the Author

Frank Satar

Chief Founder & Research Director · Core Investments

Frank Satar is the Chief Founder & Research Director of Core Investments. With more than three decades of experience across real estate, finance, hospitality and investment advisory, he specialises in analysing tourism demand, infrastructure growth and property market fundamentals across Thailand. His research is guided by a simple principle: We begin with demand, not property.