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 […]
Some company owners decide to close down the business and they register for dissolution but fail to file a liquidation report or register the liquidation with the registrar. In this case, the Department of Business Development will revoke the registration of companies that register for dissolution, where in the liquidation process, the liquidators either failed […]
Studies show that minimum wage hike policy for 2012 has posed no effect on Thailand’s overall economy, indicated by low unemployment rate and a small number of layoff, while business owners have been able to adjust themselves well for the minimum wage hike. Therefore, it is expected that the minimum wage hike in 2013 will […]
To prevent deprivation of rights, the member of Thailand Social Security or so called insured persons should claim social security compensation within 1 year after the date entitled to compensations in any of the following cases except for the unemployment benefit: In the event of illness or accident and the insured persons received medical treatment at […]
The One-Stop Service Center of Thailand provides one-stop services for temporary stay in the Kingdom to any qualified foreigner according to the Regulations of the Office of the Prime Minister Concerning the Establishment of the Visa and Work Permit Center B.E. 2540, as amended. The qualified foreigners who are eligible to submit an application and […]
ThaiLawyers can help you set up your business as a Representative Office of your overseas company here in Thailand. However, you have to note the activities that your representative office can do and its characteristics before you proceed with its registration. Moreover, when you have a representative office in Thailand, you will have the following responsibilities:- The […]
To close down a Thai limited company for ThaiLawyers clients, here is the general process. The process of closing down a company in Thailand: We advertise in a local newspaper the notice for shareholders general meeting (for the shareholders to come together to meet in order to approve the closure of the company), and also […]