Can You Buy Land In Thailand As An Expat Property Investor?

Thailand is a very beautiful country and an increasing number of people start to realize this. A short vacation here will eventually make you fall in love with this amazing corner of the world and you might even decide to buy a small portion of land here. However, buying land in Thailand is not that easy due to the legalities involved.

Legally, foreigners are not allowed to buy land in Thailand

People who don’t have Thailand citizenship are not allowed by law to buy land in this country. They can only buy apartments and condominiums. Also, they can buy an entire building, but the land on which it is situated is not in their possession. However, there is still a trick you can take advantage of if you want to buy land in Thailand as a foreigner and that is by starting a private company.

Companies in Thailand are allowed to own land

All that you have to do is to start a private limited company which features both Thai and foreign ownership, but the foreign ownership needs to be 49% or less. Afterwards, you are legally allowed as a foreigner to own land in Thailand. However, it is very important to take advantage of the help if a professional lawyer as starting a private limited company is not something you can do in a coffee break. A lawyer will provide helpful guidance and counsel and he will also take care of all the required paperwork as well.

There are multiple types of title deeds in Thailand

Before purchasing land or properties in Thailand, it is a good idea to familiarize yourself with different types of title deeds available in this country. For example, Chanott Ti Din is some of the best title deeds in Thailand and they are accurately ​surveyed. You can find such title deeds in some of the most developed regions of the country. On the other hand, Nor Sor Sam title deeds are very frequent throughout Thailand and they feature plenty of records of ownership.

How to buy real estate in Thailand

Especially if you are doing this for the first time, make sure that you hire a real estate attorney who can guide you through this process and who will make this transaction safer and more secure. Some of the most important documents you need, among many others, are your passport and an Exchange Control Form, but if you are buying with the help of a company you also need a list of shareholders, notaries certificate, and etc. When all is said and done, the easy way out for a foreigner is to buy a condo as opposed to land in Thailand.