A proposal in Thailand allowing freehold land ownership to foreigners continues to gain traction. The Bangkok Post reported the Centre for Economic Situation Administration (CESA), a body chaired by Prime Minister Prayut Chan-o-cha, tentatively approved a series of measures designed to stimulate overseas investment.
In addition to being able to own land on a freehold basis, qualified foreign investors would be granted a long-stay visa for up to 10 years and enjoy personal income tax of 17 percent on local earnings.
Should it eventually be approved, there are a few questions regarding Thailand allowing freehold land ownership to foreigners that need to be addressed. Here are the three most pressing ones.
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