Under the Sap-Ing-Sith legislation, investors in Thai real estate can enter into a registered agreement to obtain a protected right to utilize Thai land undisturbed for up to 30 years. Obviously, the new legislation is made for foreigners who have no option to acquire legal title in Thai land. Foreigners, who acquired in the past real estate through a landholding Thai corporation as well as foreigners who have unluckily fallen for so-called leasehold ownership will consider sooner or later to take advantage from the new options, that Thailand’s new real estate regime provides.
The LinkedIn article “Sap-Ing-Sith: Up and down, is it worth it?” discusses the legal and economical aspects of an upgrade from lease to Sap-Ing-Sith or from a downgrade from company ownership to Sap-Ing-Sith.