The laws in Thailand restrict non-citizens of Thailand from owning land. However, visitors and business people who wish to own a home can buy a condominium or similar smaller properties. According to Thai law, foreign nationals cannot hold more than 49% of shares in any Thai company that owns freehold land. This is also a way to prevent foreigners from owning the land through a company or other business. Thailand is a tropical paradise full of beaches and rain forests. Living here is like being on vacation all year! Speak to a property lawyer in Samui first before signing any property or rental agreements when in Thailand.