Can A Foreigner Own Real Estate In Thailand?

Yes, a non-Thai can own real estate in Thailand — but with limitations depending on the type of property:

Condos – Yes, with conditions

Foreigners can legally own condominiums in Thailand under the following rules:

The foreign quota (ownership by foreigners) in a condo project must not exceed 49% of the total sellable area.

The funds used to purchase the condo must be transferred into Thailand in foreign currency (recorded via a Foreign Exchange Transaction Form).

Ownership is freehold — you get the title deed.

Many foreigners in Thailand have come to enjoy the privileges of owning their own Condo in Thailand.

Although a foreigner can own a Thai condo in freehold, there are restrictions under Thai law. 

We highly recommend using one of our qualified law partners before proceeding to buy a Thai condominium.

Land & Houses – No direct ownership

Foreigners cannot own land in Thailand directly. 

However, there are legal alternatives:

Leasehold: You can lease land for up to 30 years, renewable (some go for 30+30+30 years).

Thai Company: You may set up a Thai majority-owned company to purchase land (strict legal scrutiny applies).

Thai Spouse: If married to a Thai citizen, land can be bought in the Thai spouse’s name, but the foreigner must sign a declaration waiving claim to the land.

A Thai company can be structured so that a foreigner would have more voting rights. This method would allow a foreigner to control real property in Thailand.

We highly recommend using one of our qualified law partners before undertaking the purchase of Thai Real Estate through a Thai company.

Common Strategy for Foreign Buyers

Buy a condo in your own name (simple, safe).

Lease land and build a house (common for pool villas).

Own a structure (the house) but not the land, with a lease on the land.

⚠️ Important: Any attempts to circumvent land ownership laws (e.g., nominee shareholders) can be legally risky.