Page 62 - Introduction to Investment Laws in Thailand

9. Specific juristic persons and land rights set up rules
relating to the land rights of the limited companies or the
public limited companies in which foreigners own more
than forty-nine per cent of the shares.
10. Fees set up the lists of government fees for any land
transactions
11. Penalties prescribe fines and imprisonments where there
is an infringement of the land codes.

In respect to land allocation according to the Land Code, land in
Thailand can be classified under two main types of ownership, which are
private land and public land. The land codes state in section 2 that "Land
which is not vested in any person shall be deemed the property of the
state." This means that the person or private entity can own land by their
personal right. In case that there is no private right over the land, the land
will belong to the state, which is legalised as public land. The land
allocation is governed by chapter 2 of the land code on land allocation for
the people. Section 14 established the National Land Allocation
Committee. The committee has the duties of;

"(1) To lay down policies to allocate land for
people's habitation and livelihood according to their capacities.

(2) To develop a plan concerning the land tenure.

(3) To reserve and develop land in order to subsequently
allocate to people.

(4) To reserve and restrict the domain public of state free
from possessory right to be commonly used by people.

(5) To approve projects relating to land allocation by
public bodies.

(6) To control the allocation of land in accordance with
this code and other laws.

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