BOI Land Ownership for Foreign Companies

ยื่นถือครองที่ดินโดยบริษัทต่างชาติผ่าน BOI · § CrossBorder
Quick Answer
Filing BOI land application + Land Office coordination · From THB 45,000 · 30–60 days
Timeline: Doc prep 7–14 d · BOI review 30–45 d · Land Office transfer 3–5 d
Official fee: BOI fee ~THB 5,000 + 2% transfer + SBT/stamp
Legal Basis
Investment Promotion Act B.E. 2520 §27 · BOI Announcement 2/2557 · Promoted entities may own land for office/factory/executive residences · Utilisation plan required; land returns on certificate expiry.
Who Needs This
BOI-promoted foreign companies · 100%-foreign-owned firms buying land for factory/HQ
Required Documents
- BOI certificate
- Land utilisation plan (area + purpose)
- 3-year financials
- Company affidavit + shareholder list
- Title + reservation SPA
Common Pitfalls
- Office land cap 5 rai · factory 10 rai · executive housing 10 rai (25 rai total)
- On BOI expiry must sell within 1 year or state confiscates
- Misuse of land purpose = revocation of privilege
Typical Use-cases
- Japanese factory buys 10-rai at Amata City
- Tech firm buys Thonglor office building
- R&D center on 3-rai EEC parcel
FAQ
- Can we buy land without BOI?
- Corporate route requires IEAT (Industrial Estate §44) or LTR Wealthy Global Citizen (1 rai personal).
- Can BOI land be resold?
- Yes to a Thai person or another BOI firm · 30-day BOI notice required.
- Will 100% ownership continue long-term?
- As long as BOI certificate is valid and land is used for stated purpose · renewals available on conditions.
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Official sources — company registration & BOI
The information on this page follows the official sources below. Always check the latest version before you file.
- กรมพัฒนาธุรกิจการค้า — จดทะเบียนนิติบุคคล— Department of Business Development
- สำนักงานคณะกรรมการส่งเสริมการลงทุน (BOI) / LTR Visa— Thailand Board of Investment
- กรมสรรพากร — ประมวลรัษฎากร ภาษีเงินได้ VAT— Revenue Department
- สำนักงานคณะกรรมการคุ้มครองข้อมูลส่วนบุคคล (PDPA)— PDPC Thailand
- สำนักงานคณะกรรมการกฤษฎีกา — ฐานข้อมูลกฎหมายไทย— Office of the Council of State
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Frequently asked questions
- Can a foreigner own 100% of a Thai company?
- Generally no for activities listed in the Foreign Business Act, where majority foreign ownership requires a Foreign Business Licence, a BOI promotion, or treaty rights such as the US–Thailand Treaty of Amity. Manufacturing and certain export activities are largely open, and BOI-promoted activities can permit full foreign ownership together with land-holding and visa privileges, so the right structure depends on the specific activity.
- What is the minimum registered capital for a Thai company?
- There is no general statutory minimum for a Thai-majority company, but practical thresholds apply: THB 2 million of paid-up registered capital per foreign work permit, or THB 1 million if the foreigner is married to a Thai national, and THB 3 million per foreign shareholder for a Foreign Business Licence. Capital should therefore be planned around the visa and work-permit outcome you need, not the incorporation minimum.
- How long does company registration take?
- Registration at the Department of Business Development can be completed within one to three working days once the name reservation, shareholder documents and company objectives are ready, and the VAT registration and social security registration follow afterwards. The realistic end-to-end timeline including bank account opening is two to six weeks, with the bank account usually being the slowest step for foreign directors.
- What ongoing accounting obligations does a Thai company have?
- Every Thai company must keep statutory accounts, file monthly withholding tax (PND 1, 3, 53) and VAT (PP 30) returns by the middle of the following month, file the half-year corporate income tax return (PND 51) and the annual return (PND 50), and have its financial statements audited by a Thai CPA and filed with the DBD each year. Dormant companies are not exempt — nil returns and an audited statement are still required.






