Land Code Act

Under Section 86 an alien may acquire land only by virtue of a treaty providing for ownership of immovable property, subject to the Land Code, and then only on conditions set by Ministerial Regulation and with the Minister's permission; foundational restriction for foreign investors. (Other routes are separate exceptions elsewhere in the Code — e.g. inheritance as a statutory heir under Section 93, or the investment route under Section 96 bis.)

Foreigners investing THB 40m+ in approved instruments may acquire up to 1 rai for residential use, subject to conditions.

A foreigner who acquires Thai land by inheritance as a statutory heir may hold it only with the Minister's permission and within the area limits in Section 87 (Section 93). Section 97 instead treats foreign-controlled juristic persons as foreigners, and land unlawfully acquired must be disposed of under Section 94.