Latest News

Thailand Govt Offers Land Ownership To Wealthy Foreigners, Includes 10-Year Visa

Thailand Goverment Offers Land Ownership To Lure Wealthy Foreigners

Living abroad may simply be a pipedream for many Singaporeans. But if you’ve accumulated enough wealth, even dreams can become reality.

To lure wealthy foreigners, Thailand’s government plans to offer land ownership among other benefits.

Source: Tony on Flickr

In the past, foreigners owning land in Thailand has been restricted somewhat but now, and with the cabinet’s approval, that will set to change.

However, to qualify for the scheme, wealthy folks will need to invest S$1.53 million (40 million baht) in Thai property, securities, or funds over a period of three years.

Thai government offers land ownership for foreigners who invest into Thailand

According to Channel NewsAsia, the proposed scheme will allow foreigners to own up to 1 rai (0.16 hectares) for residential purposes from September.

As mentioned earlier, this only applies to those who are able to invest S$1.53 million (40 million baht) into the Thai economy.

Aside from land, prospective investors will also get attractive tax benefits and a 10-year visa to the country.

Through the lucrative opportunity, the Thai government reportedly hopes to attract more skilled workers and retirees.

Reuters also reported that the scheme will undergo a review after five years.

That is to ensure that they’re on track to their projected figures, which include a S$38.2 billion (1 trillion baht) injection to the Thai economy and S$30.5 billion (800 billion baht) of new investments.

 

A chance to live in the Land of Smiles

If owning a piece of land in the Land of Smiles has always been a dream of yours, this scheme may be a viable option for you.

Money aside, would you be willing to relocate to Thailand? Let us know in the comments section below.

Have news you must share? Get in touch with us via email at news@mustsharenews.com.

Featured image adapted from Crystal Hendrix Hirschorn on Flickr.

Iqmall Hayat

“Why waste time say lot word when few word do trick? ” -Kevin Malone

Recent Posts

S’porean man admits to using toy gun to rob bank in Hong Kong, faces life in prison

He was found to be involved in another attempted robbery two years prior.

11 Mar 2025, 12:17 pm

Harvey Norman Millenia Walk has up to S$500 off laptops, plus a chance to win a staycation for just S$1

Receive free gifts with your purchase at the Ultimate Tech Show, happening on 15 and…

11 Mar 2025, 12:00 pm

Mother in Taiwan falls asleep with hair dryer on, causes newborn’s toes to be amputated

The court sentenced her to five months in jail that can be commuted to a…

11 Mar 2025, 11:38 am

Woman in US arrested for assaulting man with Pringles can till he bled

Upon seeing the wound, law enforcement officers thought it "would leave a scar and permanent…

11 Mar 2025, 11:31 am

Hornbill dad feeds chicks nesting in Tanglin Halt tree, coughs up dead birds for them

The adult hornbill accidentally cracked an egg before it could pass it to its kids.

11 Mar 2025, 11:23 am

No govt grants given for Lady Gaga concerts in S’pore, ‘purely commercial arrangement’ made

Kallang Alive Sport Management negotiated directly with the artist and her team, he said.

11 Mar 2025, 2:18 am