Thailand Cabinet Approves Bill Allowing Foreigners to Buy Land and Houses

[Epoch-Times-Bot]

Thailand Cabinet Approves Bill Allowing Foreigners to Buy Land and Houses

Thailand’s cabinet on Tuesday approved a bill allowing foreigners to buy up to one rai—the Thai equivalent of 0.4 acre—of land and houses if they invest 40 million baht ($1.1 million) in the country over three years.
The Interior Ministry put forward the proposal, which is aimed at wealthy expats, retirees, and digital nomads who want to reside in Thailand, as well as highly skilled professionals, Bangkok Post reported.
To qualify for the program, applicants must make investments in the country in the form of bonds issued by the Thai government, real estate or infrastructure funds, real estate investment trusts, legal entities, or enterprises promoted by the Board of Investment....

Source: Thailand Cabinet Approves Bill Allowing Foreigners to Buy Land and Houses

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