Does
the law in Thailand allow a foreigner to have 100%
interest for a land lease in Thailand?
The answer
is YES. A foreigner is allowed to have 100% interest
for a land lease in Thailand and he/she is able to
secure long-term land leases under Thailand land lease
law.
Is
registration at the Land Department mandatory?
It is mandatory for leases that
are three years or more to be registered at the Land
Department. Land leases that are less than three years
do not require registration.
How
long is the maximum lease term allowed in Thailand?
The maximum lease term allowed in Thailand is 30 years.
Thereafter, there are renewal options for additional
30 years. A new registration at the Land Department
is mandatory for every lease renewal with the landowner's
agreement. Such renewal leases are taxable. A foreign
company may be allowed to lease land for industrial
or commercial use for up to 50 years under certain
circumstances.
Why
do foreigners choose the land leasing option to own
property in Thailand?
Land leasing is the most straightforward approach
to acquire property in Thailand. Many foreigners feel
more secure knowing that a legally registered land
lease stays valid even if the underlying property
or the land is sold.
