Foreign Investors & Land Acquisition by a Thai Co., Ltd.
Foreign land ownership in Thailand faces stringent legal restrictions aimed at safeguarding the country's interests. The legal framework ensures that land ownership remains primarily in Thai hands to prevent what might be seen as a "sell-off" that could disadvantage Thai nationals. As a result, direct land ownership by foreigners is nearly impossible, except under very specific circumstances, like the Condominium Act, bi-national agreements or respective BOI benefits. 1. Examples of restrictive Nature in other Legal Matters The restrictive nature of Thai land law shows, for instance, if a Thai national, married to a foreigner, purchases property and documentation must be signed to certify