Thai Property Laws does not allow an alien to wholly own property in Thailand. There are six options for foreigners to acquire real estate as follows:

1. Marriage
Foreigner with a Thai spouse can own land under the spouse’s name.

2. Investment
A foreigner who invests at least 40 million Baht for minimum 5 years can acquire the land for use as residence but the land shall not be more than one rai ( 1,600 square meter). An exception to the foreign ownership rules applies to Board of Investment (BOI) and Industrial Estate Authority of Thailand (IEAT) projects. Under those projects, special privileges are given to some companies to buy land. Permission from the Minister of Interior must be obtained.

3. Lease
The property may be leased to a foreigner for up to 30 years, with possible renewal for another 30 years. Leases of more than three years need to be registered with the Land Office. Otherwise, they will be valid for only three years.