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How to Structure Property Ownership in Thailand: Company, Leasehold, Condo — Complete Legal Guide

Foreigners have 6 legal structures for property ownership in Thailand. Choosing wrong can cost millions. Here is how each works and which fits your situation.

Jun 20, 2026 · 10 min read

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How to Structure Property Ownership in Thailand: Company, Leasehold, Condo — Complete Legal Guide

Executive Summary

  • Freehold condo is the only structure where foreigners hold Chanote title directly
  • Leasehold + superficies provides maximum control for villa buyers
  • Thai company structure is expensive (THB 80K-150K/year) and legally fragile for non-business use
  • Usufruct is perfect for retirees wanting lifetime residence but is non-transferable
  • Changing structure after purchase is expensive and sometimes impossible — choose right the first time

Can a Foreigner Actually Own Land in Thailand?

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Sources & Verification

  • Foreigners can own freehold condominium titles capped at 49% of building — Thailand Condominium Act B.E. 2522Source
  • Leasehold agreements can be registered for up to 30 years — Thai Civil and Commercial Code Section 538Source
  • Superficies and usufruct are real rights registered at Land Department — Thailand Department of LandsSource
  • Nominee company structures violate Foreign Business Act — Foreign Business Act B.E. 2542Source
  • Transfer fee is 2% of appraised value — Thai Revenue DepartmentSource

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