Thai Property Laws Every Foreigner Must Know

Before buying property in Thailand, foreigners must understand these key laws: **1. Condos — Freehold Ownership Allowed** Foreigners can buy a condo in their own name under the Condominium Act (1979). Foreign ownership must not exceed 49% of total project area. **2. Houses/Land — No Direct Ownership** Foreigners cannot own land in Thailand directly, but have alternatives: - Long-term lease (30 years, renewable for another 30) - Set up a Thai company (foreigner holds max 49% shares) - Marry a Thai national (land must be in Thai spouse's name) **3. Fund Transfer Requirements** Purchase funds must be transferred from overseas into a Thai bank account with FETF documentation from the bank. **4. Taxes and Fees** - Transfer fee: 2% of appraised value - Specific Business Tax: 3.3% (if sold within 5 years) - Withholding tax: progressive rate - Stamp duty: 0.5% (if SBT not applicable) **5. Important Warnings** - Verify the chanote (title deed) thoroughly - Always use a lawyer to review contracts - Never use a nominee structure — it's illegal Need more guidance? [Contact us](/en/contact) — we're happy to help.