Land Ownership in Thailand
foreign ownership restrictions
Foreigners are generally prohibited from owning freehold land in Thailand. The restrictions are not absolute, however. Under section 86 of the Land Code Act, foreign ownership may exist pursuant to a treaty (although no such treaty currently exists), and since 1999 qualifying foreign investors may acquire up to one rai of residential land under section 96 bis of the Land Code Act, subject to strict statutory requirements and ministerial approval. In practice, relatively few foreigners qualify under this exception. Foreigners who unlawfully acquire land, either directly or through a Thai nominee, may be required to dispose of the land and may be subject to criminal penalties under the Land Code Act, including section 111.