
There is no freehold ownership of real estate offered to foreigners in Thailand. The Thailand Civil Commercial Code prohibits foreign nationals to own a land in Thailand pursuant to the Land Code Act B.E 2497 (1954). However, foreigners are given the same property rights as Thai nationals under the following special conditions: Foreign ownership under treaty provision Section 86 of the Thailand land code Act states that “foreigners may acquire land by virtue of the provisions of a … [Read more...]