BUY LAND

[klause]

Foreigner can buy CONDO farang name own and foreigners can buy company names HOUSE too ; this we know surely.

and also Foreigner can buy LAND IF THE LAND  30 MILLION BAHT COST UP COST..anyway

 

BUT we hear that :  foreinger CAN legaly buy "1 RAi "land in Thailand ! is it true or not ?

if he can ; is it by farang name or company name will be?

Thanks

[trogers]

I don't understand why some people would like to pay out precious money to get sleepless nights...

 

Don't wait for troubles to find you. But go looking for troubles instead?

[blackcab]

You are partly correct. A foreign national can buy up to 1 rai of land for residential purposes in a specified area with permission of the Minister of the Interior. This can be chanote land and the chanote can be in the foreigner's name. It has been this way since 1999.

 

Before you can do this, however, you need to invest 40 million baht into the Thai economy in approved investments such as government bonds. So that's buy 40 million baht of bonds using money you bring into the country and exchange. After you do this you have to apply for permission, and you might not get it. If you do get it you have to purchase land in a specified area, not just anywhere.

 

Assuming you get the permission and buy the land you can not give it or sell it to a non Thai person. If you die a non Thai person can not inherit it under any circumstances. The land must go back to Thai ownership.