1 Rai Requirement

[Munted]

I've read that foreigners can have up to 1 rai of land, (I guess to build on). What's the legal minimum required? And how much is 1 rai in sq.metres?

[Lite Beer]

There is no such rule.

MOVED.

[lectito]

Search for "THE LAND CODE AMENDMENT ACT (NO.8)".

In very limited circumstances foreigners can own up to one rai. (1600 square metres). You need to invest 40+ million baht in an appropriate business, and convince the Minister of the Interior to sign off on you owning the land. I doubt many foreigners (if any) have ever been successful.

[opalhort]

This one rai issue has been discussed a couple of years ago by the government of that time but never made it into the books of law.

One rai = 400 wah²

One wah = 2 mtr.

One wah² = 4 mtr.²

One rai = 1,600 mtr²

opalhort

[ballbreaker]

There is no such rule.

I think you can purchase up to 1 rai of land for your residence if you have investments of 40 million baht for five consecutive years.

[Munted]

Search for "THE LAND CODE AMENDMENT ACT (NO.8)".

In very limited circumstances foreigners can own up to one rai. (1600 square metres). You need to invest 40+ million baht in an appropriate business, and convince the Minister of the Interior to sign off on you owning the land. I doubt many foreigners (if any) have ever been successful.

That puts me out. Thanks for the reply. Anyone for a commune?

Edited September 13, 2009 by Munted