Changes to laws on foreigners owning land set for 2022

[webfact]

Picture: Thai Rath

 

Deputy spokeswoman at the PM's office Ratchada Thanadirek said at the weekend that various ministries and other organisations had been tasked with coming up to changes in the land ownership laws inThailand.

 

And their considerations could result in law changes as early as 2022.

 

Ratchada was referring to last week's decisions to try and attract well heeled foreigners, retirees, workers and those with much needed skills to the country over the next five years to boost economic development. 

 

They would get long term visas and Smart Visas and not have to do 90 day reporting. 

 

It involves tax breaks and being able to work for employers both in Thailand and abroad and would aid so-called digital nomads.

 

One of the main features of the new proposals is land ownership in Thailand, a hot chestnut that has been debated for years.

 

Picture: Thai Rath

 

Ratchada said on Saturday that the Interior Ministry and Treasury would be working on changes to the law that could come in next year.

 

Others involved in the process are the Office of the National and Economic and Social Development, the Board of Investment Office and the Royal Thai Police. 

 

Pressed about whether people who would be eligible to own land must be married to Thais or not the spokeswoman said that everyone would have to wait and see what was decided. 

 

So far the plans that are proposed would have a five year validity period but that could be subsequently extended, reported Thai Rath yesterday. 

 

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[mahtin]

So the actual news is just wait and see.

"in line with the master plan under the National Strategy (2018 - 2037) on the issue of future industries and services. and infrastructure Logistics and Digital " (thairath)

Edited September 20, 2021 by mahtin

[scubascuba3]

Well heeled ????

[mokwit]

So exemption from 90 day reporting is only for the well heeled - at what wealth level do people cease to be a threat to "National security." ? It is so clear with this that 90 day reporting is about keeping us in our place.

[meechai]

For goodness sake....... Just fix the visa hassle for all.

Copy the USA....Give a 2 tear temp visa then in third year change it to permanent & make it a 10 year visa...

 

Most would be more than happy with just that with no silly 90 day checks....after all you gave a one year then you want them to check back every three months?

That was always a sore spot for most

 

As for land ownership.......forget it. Thailand is too small with 70 million citizens

Leave Thailand for Thai's

If you open ownership for foreigners it will soon price Thai's out of land ownership

 

Look at Hawaii...perfect example of a monarchy that made the mistake of letting foreigners own land

Next thing you knew the foreigners were asking their president back in their home country to protect their investments

Hawaii was then overthrown by the USA & the rest is history

[MajorTom]

12 minutes ago, meechai said:

For goodness sake....... Just fix the visa hassle for all.

Copy the USA....Give a 2 tear temp visa then in third year change it to permanent & make it a 10 year visa...

 

Most would be more than happy with just that with no silly 90 day checks....after all you gave a one year then you want them to check back every three months?

That was always a sore spot for most

 

As for land ownership.......forget it. Thailand is too small with 70 million citizens

Leave Thailand for Thai's

If you open ownership for foreigners it will soon price Thai's out of land ownership

 

Look at Hawaii...perfect example of a monarchy that made the mistake of letting foreigners own land

Next thing you knew the foreigners were asking their president back in their home country to protect their investments

Hawaii was then overthrown by the USA & the rest is history

Good points.  BUT: Its certainly possible to grant something in between unlimited land/property ownership for commercial purposes and todays condo deal. I think for many, just the right to own ones private house would be sufficient.

[mikebell]

26 minutes ago, webfact said:

So far the plans that are proposed would have a five year validity period

Then they take back 51%.  There's too many lawyers and auditors minting it by creating companies to ever allow such a measure.  The estate where I lived had 62 houses.  Covid exiled 3 or 4 & they had to sell up.  The houses were all bought by Thais. (2 as weekend cottages.)  Mr Meechai, there's a glut of houses standing empty, built by those who daren't put money in the bank.  Why not allow farangs to buy these?

[Rampant Rabbit]

34 minutes ago, webfact said:

could

would,  might ,  perhaps, maybe, same old  same old  full  on non committal..............perhaps?

[Rampant Rabbit]

36 minutes ago, webfact said:

and the Royal Thai Police. 

 

The  good  ole "finger in every pie  brigade"  theyll get the finger  alright  ,  just  not the one they want from me

[Rampant Rabbit]

26 minutes ago, meechai said:

Hawaii was then overthrown by the USA & the rest is history

Steve  Mcgarret would have sorted  all  that out!

[Elkski]

How are they going  to get intelligent buyers on a "5 year then reevaluate the deal basis"?   Or is bad money so desperately seeking things to buy they will risk it?  

[kwonitoy]

16 minutes ago, Rampant Rabbit said:

would,  might ,  perhaps, maybe, same old  same old  full  on non committal..............perhaps?

after forming a committee to study all the implications of course

[HeijoshinCool]

.

 

Yes, and BKK is opening for tourists on October 1st....

[RAZZELL]

Believe it when I see it...

 

 

RAZZ

[Rampant Rabbit]

10 minutes ago, kwonitoy said:

after forming a committee to study all the implications of course

Theyll  need an overseas  trip as a  minimum on a  private   747 hawaii or seychelles  etc

[blackcab]

An off topic post has been removed.

[kotsak]

2 minutes ago, Rampant Rabbit said:

Theyll  need an overseas  trip as a  minimum on a  private   747 hawaii or seychelles  etc

Yes, and they may learn something while in Hawaii about its history..

[VocalNeal]

58 minutes ago, mokwit said:

It is so clear with this that 90 day reporting is about keeping us in our place.

How much of the resistance to 90 day reporting is about the why rather than about the how?

[VocalNeal]

1 minute ago, kotsak said:

and they may learn something while in Hawaii about its history..

Has the Union Jack on its state flag?

[Neeranam]

1 hour ago, mokwit said:

So exemption from 90 day reporting is only for the well heeled - at what wealth level do people cease to be a threat to "National security." ? It is so clear with this that 90 day reporting is about keeping us in our place.

It doesn't say that. 

1 says for well off foreigners 

2 says just retirees

 

Looks like they are copying Australia 

[mokwit]

4 minutes ago, Neeranam said:

It doesn't say that. 

1 says for well off foreigners 

2 says just retirees

 

Looks like they are copying Australia 

My understanding from other sources is that they are considering it for retirees on the proposed 10y higher income/deposit in bank/bonds ONLY.

[phka]

If I was given full Thai citezenship I would move all my wealth to Thailand, and therse a lot of it

[jollyhangmon]

1 hour ago, webfact said:

their considerations could result in law changes as early as 2022.

 

... or maybe not ...  

 

 

[cyril sneer]

19 minutes ago, phka said:

If I was given full Thai citezenship I would move all my wealth to Thailand, and therse a lot of it

what if they reverse the decision a year later?

[MyFriend You]

1 hour ago, mokwit said:

So exemption from 90 day reporting is only for the well heeled - at what wealth level do people cease to be a threat to "National security." ? It is so clear with this that 90 day reporting is about keeping us in our place.

a Baht Millionaire??  Me thinks - Nope

[MyFriend You]

1 hour ago, mokwit said:

 

duplicate for whatever reason I don't know

Edited September 20, 2021 by TunnelRat69

[Neeranam]

49 minutes ago, phka said:

If I was given full Thai citezenship I would move all my wealth to Thailand, and therse a lot of it

Why would you do that? Also, do you think rich people should get citizenship over poor people?

 

 

 

Edited September 20, 2021 by Neeranam

[LongTimeLurker]

They were talking about this when I first moved to Thailand...................................26 years ago.

[ezzra]

So finally the penny has dropped, and they had to have an economy calamity to come up with this plan, if only they would thought about about it years ago and not now, out of desperation, they'd be laughing all the way to bountiful prosperity... 

[Scouse123]

2 hours ago, Rampant Rabbit said:

would,  might ,  perhaps, maybe, same old  same old  full  on non committal..............perhaps?

 

1 hour ago, kwonitoy said:

after forming a committee to study all the implications of course

 And after they have done the above, they will ' mull it over '