A contract is deemed to be concluded and binding where the offer is accepted and the acceptance is communicated from the offeree to the offeror. It is an exchange of promises between two or more people for a particular purpose to do or not do something as a legally enforceable agreement. Agreements are made by […]
Question: I am American and going to do business in Thailand next month. I have to carry some cash in USD currency for my business. What is the amount of Foreign and Thai currency that visitors are allowed to bring into or out of Thailand? Answer: Foreign Currency If you carry any foreign currency of […]
Regarding the 30 days sick leave per Thailand labor law, does this include weekly holidays when you take a sick leave? That is a question from an Employee in Thailand that has just undergone a knee operation and has taken 30 days sick leave. Her employer informs her that she is over the quota of […]
Thai lawyers got an inquiry from a foreigner about doing business and setting up a company in Thailand. Question: I am German and have a Thai wife living in Thailand. I wish to do a business in Thailand soon. If I want to register a Thai limited company with my wife being majority owner, what […]
In general, a foreigner is allowed to lease land in Thailand for not exceeding 30 years with an option of renewal, but it must not exceed 30 years from the date of renewal. (Read here for more information about 30 year land lease in Thailand by foreigners.) However, according to the Government policy under the […]
Foreigners wanting to own land in Thailand, a lot of the time, will opt for Land Lease, which is the most straightforward approach to acquire land in Thailand. Many foreigners feel more secure knowing that a legally registered land lease remains valid and effective even if the land is sold to another person. Thailand’s land […]
Foreigners who want to live or invest in Thailand often wonder how they can own land in Thailand. Here are 3 possible ways for Foreigners to own land in Thailand: A foreigner can acquire land by inheritance as statutory heir and register an ownership in such land after having obtained permission from the Minister of […]
It is possible for foreigners to own land in Thailand. However, the following rules and conditions must be met: A foreigner can buy land in Thailand for residential purpose and the land to be purchased shall be not more than one Rai (or 1,600 Square Meters) in area. Bringing money not less than 40,000,000 THB […]
If you are looking to buy a property in a foreign country, you will need to be assured that you follow the rules, comply with the mandatory requirements and also save your valuable time in selecting and purchasing the property to meet all your needs. Thailand real estate is booming. Buying a Condominium Unit in […]
According to Thai law, foreigners, (or most cases the company with 100% foreign ownership) in general are prohibited from owning freehold land in Thailand. However, there are a few exceptions to this. Leasehold. Foreigners may hold total leasehold interest in land and house leases. The Thai lease law allows a 30-year maximum lease period, with […]