Jump to content

Changes to laws on foreigners owning land set for 2022


Recommended Posts

1pm.jpg

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.

 

1pm1.jpg

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. 

 

asean_now_BB.jpg
  • Haha 2
  • Sad 1
Link to post
Share on other sites
  • Replies 64
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

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

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 k

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 pr

Posted Images

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?

  • Like 1
Link to post
Share on other sites
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

Link to post
Share on other sites
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

  • Like 1
  • Haha 1
Link to post
Share on other sites
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

  • Haha 1
Link to post
Share on other sites
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..

  • Haha 1
  • Confused 1
Link to post
Share on other sites
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?

Link to post
Share on other sites
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 

Link to post
Share on other sites
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.

  • Like 1
Link to post
Share on other sites
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

  • Confused 1
Link to post
Share on other sites
1 hour ago, mokwit said:

 

duplicate for whatever reason I don't know

Edited by TunnelRat69
  • Confused 1
Link to post
Share on other sites
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 by Neeranam
  • Like 1
Link to post
Share on other sites

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... 

  • Thanks 1
Link to post
Share on other sites
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 '

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    No registered users viewing this page.


×
×
  • Create New...