Thailand’s real estate market welcomes international investors, but it’s essential to understand the legal framework. Foreigners can own property in Rayong under specific conditions that ensure safe and transparent ownership. This guide explains the most important legal points for buying real estate in Rayong, whether you’re investing in a condo, villa, or land.
1. Condominium Ownership
Foreigners are legally allowed to own up to 49% of the total floor area of a condominium project in Thailand. This makes condos the most straightforward and secure option for international buyers. Ownership is registered at the Land Department, granting full legal title.
2. Buying Land in Thailand
Thai law prohibits direct land ownership by foreigners. However, there are legitimate ways to invest safely:
- Purchase through a Thai Limited Company (where you are a minority shareholder).
- Sign a long-term lease agreement (30 years renewable).
- Invest through Board of Investment (BOI) projects or industrial developments.
3. Due Diligence
Before purchasing, always request a copy of the Chanote title deed and check for liens or encumbrances at the Land Office. A local lawyer can help ensure a transparent transaction and protect your rights as a buyer.
4. Transfer and Taxes
Transfer fees are generally 2% of the property’s registered value. Foreign buyers must also provide proof that the purchase funds were transferred from abroad in foreign currency, known as the Foreign Exchange Transaction Form (FETF).
5. Ownership via Company
Many foreign investors in Rayong set up a Thai Limited Company to buy villas or land. The company must be legitimate — with real Thai shareholders and proper accounting. Avoid “nominee structures” that do not comply with Thai law.
6. Legal Support
It’s strongly recommended to work with a licensed Thai property lawyer. Properties in Rayong collaborates with legal experts who can assist in every step of the purchase process, from title verification to transfer registration.
External source: Tilleke & Gibbins Legal Resource
