Foreigners can legally own freehold condominium units (up to 49% of the building’s total saleable area). For land and houses, foreigners can use leasehold (up to 30 years, renewable) or company ownership structures (with strict legal compliance).

Foreigners can own freehold condo units within the 49% foreign quota of the building. Funds for the purchase must be transferred from overseas in foreign currency and documented with a Foreign Exchange Transaction (FET) certificate.

Thai condominium law limits foreign freehold ownership to 49% of the total floor area of all units in a single building. Developers and agents will confirm if quota space is available before purchase.

Foreigners generally cannot own freehold land directly. Alternatives include long-term leasehold (up to 30 years with renewal options) or approved company structures that comply with Thai law.

Freehold means full ownership with your name on the title deed. Leasehold gives you the right to use the property for a set term (typically 30 years), registered at the Land Department, with renewal options depending on the contract.

Buyers typically pay:

• Transfer fee (2% of appraised value)

• Specific Business Tax (3.3%) if applicable

• Stamp Duty (0.5%)

• Withholding Tax (sliding scale for individuals, 1% for companies)

These costs can be negotiated between buyer and seller.

Work with a professional lawyer to check the title deed (Chanote preferred), ensure no liens or encumbrances, and confirm zoning, building permits, and ownership history at the Land Department.

Calculate expected annual rental income divided by the purchase price, then factor in maintenance fees, taxes, and vacancy rates. Research local demand, neighborhood growth, and tourism trends to assess appreciation potential.

It is strongly recommended. A qualified Thai lawyer ensures all documents are accurate, the title is clear, contracts are fair, and the process follows Thai law.

Funds must be sent from abroad in foreign currency to a Thai bank account, typically in the buyer’s name. The bank will issue a Foreign Exchange Transaction (FET) certificate to prove the transaction meets legal requirements—especially for condo purchases under foreign quota.