TH Thailand property term
Foreign Business Act B.E. 2542
พระราชบัญญัติการประกอบธุรกิจของคนต่างด้าว
Pronounced: phra-ra-cha-ban-yat kan-pra-kop thu-rak khong khon-tang-daow
Plain-English definition
A Thai law that limits certain business activities by foreigners and sets rules for licences and approvals.
Why this matters to a foreign buyer
It does not by itself give a foreigner or a company the right to own land.