​  Buying land in Thailand is reserved for Thai nationals and foreign nationals are  not allowed to buy or invest in land in Bangkok or anywhere in Thailand. A foreign national may own land in Thailand in two legal ways;

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1) Establish a Thai Company that the land can be owned by the Thai company as Companies are viewed as a separate entity than the individual person.

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2) The foreign person can apply to establish a business under BOI ( Board of Investment ) of Thailand scheme. The businesses that receive BOI approval, are given certain privileges and one of those privileges could be owning a land for business purposes such as building a factory or a warehouse.

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3) Long-Term Land Leases. A popular way among foreign nationals is to lease a piece of land in Thailand. The process is much more simpler than buying a land through setting up a company or through BOI incentives. The maximum lease terms are 30 years with certain lands owned by the government can go up to 50 years. You can transfer your leasehold interest on the property to another individual during the term of your lease.

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There are many real estate agents in Thailand and as real estate is not a regulated industry, it is important that you work with a real estate company such as Nazeri & Company and not with individual real estate freelancers. The legitimate companies are all licensed by the ministry of labor and and they also have been registered with the the Thailand Revenue Department.

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We always recommend to our clients to discuss their long-term plans with us and our attorneys so a right plan can be created from the start. We highly recommend that our clients to speak only to professionals and not to base their decisions on conversation with casual friends and expats who live in Thailand.

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Finally, when you have found your perfect land in Thailand for development,  you need to be aware of the taxes, the transfer fees that must be paid at the land office. When you work with Nazeri & Company, our real estate agents can calculate the necessary taxes with a very close approximation so there will be no surprises for you on the day you want to receive the keys to your new home.

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Contact Us before buying or leasing a land in Bangkok, Phuket, Chan Mai, Pattaya, Hua Hin.

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