What types of companies can purchase land in Thailand?

In Thailand, the types of companies that can purchase land are limited to certain categories. These include:

Thai Majority Companies: Thai majority companies, where Thai nationals hold at least 51% of the shares, are eligible to purchase land in Thailand. These companies have the same rights as individual Thai citizens when it comes to land ownership.

BOI-Approved Companies: Companies registered with the Board of Investment (BOI) and granted investment promotion privileges may be permitted to acquire land for specific purposes related to their approved activities. The land acquisition rights of these companies are subject to the conditions and restrictions set by the BOI.

Amity Treaty Companies: Under the Treaty of Amity and Economic Relations between Thailand and the United States, American citizens and companies can establish Amity Treaty Companies. These companies, subject to certain limitations and restrictions, may be allowed to purchase land in Thailand for their approved business activities.

Public Limited Companies: Public limited companies registered in Thailand may have the ability to acquire land, but there are restrictions on the amount of land they can hold. The Land Code of Thailand limits the land area that can be owned by public limited companies to prevent concentration of land ownership.

It’s important to note that while these types of companies may be eligible to purchase land, there are still certain restrictions and regulations that govern land ownership in Thailand. These include limitations on land area, specific usage restrictions based on zoning regulations, and compliance with relevant laws and regulations related to land ownership by foreign entities.

It is advisable to consult with legal professionals who specialize in Thai corporate and property laws to fully understand the restrictions and requirements associated with land ownership by different types of companies in Thailand.

Contact Startup in Thailand for professional startup consulting if you are contemplating to set up a business in Thailand.

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