On October 25, 65, Mr. Anucha Burachaisri, Deputy Secretary General of the Prime Minister for Political Affairs Acting as spokesperson for the Prime Minister’s Office Cabinet Decision Approving the principle of drafting the Minister’s Regulation on the acquisition of land for use as a residence by foreigners According to the measures to stimulate the economy and investment by attracting high potential foreigners to Thailand BE …. that this draft ministerial regulation will have a period of 5 years from the date of publication in the Government Gazette.
There are 4 types of high potential alien groups that can acquire land for residential use:
1. The world’s population with high wealth
2. A group of people who have retired from abroad
3. Groups who want to work from Thailand
4. Special skilled group
– The amount of land that has been granted the right is not more than 1 according to Section 96 bis of the Land Code. they have to use that land as a residence for themselves
– within Bangkok Pattaya City or municipality or within the area designated as a residential area under the law on town planning
– Must have an investment amount in any type of business or business of at least 40 million baht and must maintain an investment for at least 3 years, such as buying Thai government bonds Investment in Real Estate Funds Infrastructure Fund Real estate investment trusts, etc. established under the law on trusts for transactions in the capital market. (Increased from Ministerial Regulation BE 2545) If the investment in a business is withdrawn or a business before the end of the capital maintenance period The competent official must be notified in writing within 60 days of the date of withdrawal of the investment according to.
– Procedures, conditions and procedures for making an application, the application and related documentary evidence will be submitted to the Director General of the Land Department for further consideration and submission to the Minister.
The Ministry of the Interior explained that the draft Ministerial Regulation on Land Acquisition for Foreign Residents According to the measures to stimulate the economy and investment by attracting high-potential foreigners to Thailand BE and the period of investment maintenance which is different to the rules, procedures and conditions prescribing the Ministerial Regulation for the acquisition of land for use as a residence for foreigners, BE 2545 which is currently in force
Ministerial draft regulations still in accordance with the framework of Article 96 bis of the Land Code which states that foreigners will acquire land for use as a residence of no more than 1, he must invest at least 40 million baht in the type of a business that foreigners invest in, and it must benefit the country’s economy and society or be an activity that the Investment Board has announced as an activity that can apply for investment promotion under the law on investment promotion .
The investment period must not be less than 3 years and the land area acquired must be within Bangkok. Pattaya city area, municipal area or within the area designated as a residential area according to the law on town planning
Ministerial draft regulations The intention is to support economic stimulation and investment by attracting high potential foreigners to Thailand. by providing opportunities for more diverse investments And there are measures that will help attract more foreigners to invest in the country. to stimulate the extremely slow economic sector due to the situation of the coronavirus epidemic and the world economy which is one measure to revive the country’s economy in general
This is to be done in accordance with the decisions of the Cabinet on September 14, 2021 and on January 24, 65, when the meeting of the Cabinet, General Prayut Chan-o-cha, the Prime Minister and the Minister of Defense. also said draft Ministerial Regulations This can be reviewed every 5 years to be consistent with the economic and social environment of Thailand at that time as well. to the Office of the Council of State for consideration. By also taking into account the views of the relevant agencies.
