Category: Property
Inheritance Tax in Thailand
On September 12, 2014, the new Prime Minister of Thailand, Prayuth Chanocha delivered his government’s policy statement to the National Legislative Assembly, which declared a new economic policy that shall instate an inheritance and property tax for Thailand within one year. A draft law for the new inheritance tax in Thailand has already been drafted […]
Ownership of Property through a Thai Spouse
There are many foreign nationals in Thailand who are married to a Thai spouse. The foreign national has obtained a long term visa and wants to purchase property in Thailand. Many foreign nationals who want to own property have purchased the property through their Thai spouse. Foreign nationals believe that since the property is purchased […]
Handy Tips and the Know-hows for Purchasing Property in Thailand
Situated at the center of the Southeast Asian region with it’s tourist attracting slogan; Amazing Thailand, the country has been seeing a high increase of tourists visits over the years. According to 2013’s Global Destination Cities Index, Bangkok was listed as the number one tourist destination with roughly 15 million visitors.1 Seeing how attractive a […]
The Thailand Real Estate Investment and Property Law Forum 2013
Asia Business Connect held the “Thailand Real Estate Investment and Property Law Forum 2013” conference at the Bangkok Convention Center last September 19th to September 20th. Mr. Kert Stavorn, a partner at Siam Legal International, gave a presentation regarding “Contract Strategies and Legal Concerns in Sales/Property Contracts for the Real Estate Business” and also sat […]
Property Lease in Thailand
Considerations for Lease Agreements in Thailand Given the substantial issues relating to foreigners owning a freehold interest in Thai land, a more viable option for people wanting to have a legal and long term interest in the property is done through lease agreements. There are however a number of pitfalls to be aware of, much […]
After I Purchase Property in Thailand, Should I make a Thai Will?
If you purchase property in Thailand, including a condominium, long term lease or shares in a Thai registered corporation, be sure that your estate plan takes your new property into account. Thai law provides that the succession to your immovable property in Thailand is governed by Thai law, so if you own a condo or […]
Due Diligence Process for Thai Property
If you decide to invest in real property in Thailand, you will want to have all the information about the property you are interested in buying that you can. Researching your potential investment is sometimes called doing your due diligence. The due diligence process begins before you sign a contract or make any payment and […]
U.S. Citizen Buying Property in Thailand
Can Americans buy property in Thailand? While U.S. citizens are prohibited from buying land in Thailand, they can, however, apply for long term land leases of up to 30 years and build structures upon the land. They can also buy condominiums from property developers. Buying land through a Thai dummy corporation is illegal, although you […]
How to Own Real Property in Thailand
Buying real property in Thailand can be a valuable investment for foreigners if you do your homework and make sure to do it properly. When making your plans you need to take into account the limitations on foreign land ownership and Thai tax law. Check our How to Buy Property in Thailand page. The easiest […]
Notary Public in Thailand
In many countries, a notary public is an official who is licensed by the government to authenticate signatures or documents, and witness affidavits or statements of persons under oath. In general, a Thailand notary public has no authority to act when not in the jurisdiction of the government where the notary is licensed. Notarization of […]
