The Thai government is preparing to push forward a new policy to stimulate the overall economy. A key measure involves allowing foreign nationals to lease land for up to 99 years and issuing 10-year visas for high-potential talents and investors. This initiative aims to attract global investment capital while addressing challenges related to a declining population and long-term economic growth.
This concept was revealed by Mr. Pichai Chunhachaichan, Deputy Prime Minister and Minister of Finance, at the Thailand’s Capital Market Forum 2025 on May 17th. The announcement garnered significant attention from both Thai and foreign investors, real estate entrepreneurs, and relevant government agencies.
99-Year Land Lease under State Ownership to Solve Nominee Issues and Legal Uncertainties
Image credit: LINE TODAY
Mr. Pichai highlighted that foreign ownership of land through nominee arrangements remains a contentious legal issue causing instability. Therefore, the government proposes allowing foreigners to lease land for up to 99 years instead of outright ownership. The land title will be transferred to state ownership first, and foreigners will obtain usage rights in the form of a long-term lease resembling a leasehold purchase.
When the 99-year lease expires, the land will revert to state ownership, preserving national interests while providing foreign investors with confidence and sustainability to develop and utilize the land, Mr. Pichai explained.
This approach not only addresses illegal land ownership issues but also enhances transparency and investor confidence. It also paves the way for the establishment of real estate funds (Property Funds) that can pool capital from both Thai and foreign investors, creating opportunities for large-scale project development and promoting sustainable growth in the Thai real estate market.
10-Year Long-Term Visa to Attract Talents and Enhance Workforce and Economy
Another important measure under government consideration is issuing 10-year long-term visas for highly skilled personnel, investors, technology startups, or individuals with stable income seeking long-term residence in Thailand. This aims to counteract the decline in the working-age population and create new momentum for economic growth.
Mr. Pichai emphasized that this visa policy will attract top talents worldwide to work, invest, and live in Thailand, thereby supporting labor market expansion and reducing the growing issue of an aging population.
Thai birth rates are declining while the elderly population is increasing. This policy will effectively fill this gap, Mr. Pichai added.
Impact and Opportunities for Investors, Entrepreneurs, and the Public Sector
This policy framework creates new opportunities for all sectors, including:
- Foreign investors will gain confidence in long-term investment with clear land lease rights, coupled with convenient long-term visas for living and business.
- Thai investors and project owners will have chances to expand their market and collaborate with foreign investors, increasing capital for real estate and other business development.
- Government agencies will efficiently manage land resources, generate revenue from fees and taxes, and promote Thailand’s image as a global investment destination.
- The general public will benefit from economic growth, expanded labor markets, and long-term community and environmental development.
The combination of 99-year land leases and 10-year long-term visas reflects the Thai government’s commitment to building economic stability and growth in the long run while meeting the needs of investors and high-potential talents.
If implemented properly and transparently, this policy will transform population challenges and real estate limitations into new opportunities for national development, creating a strong and sustainable economic foundation for the future.
