Thailand Business & Thailand Property Info Blog
February 1 2010 Categories: Doing Business In Thailand, Thailand Business No comments yet
I have made a lot of posts about starting a business in Thailand but I never discussed the issues that need to be addressed when buying a business. In this post I will first address some general issues to consider before buying a business in Thailand
Originally posted 2009-09-08 09:45:55.
February 1 2010 Categories: Thailand FAQ one comment
This is the end of the road for Thailand Elite Scheme in Thailand. The Government has approved on Tuesday the principle of the auction and has assigned the Finance Ministry the drafting of the conditions of the Auction which should be completed within one month.
Originally posted 2009-12-16 11:10:44.
February 1 2010 Categories: Property General Issues, Thailand Property No comments yet
Thailand foreign land ownership policy is often criticized by foreign buyers and to make their point the critics often refer to other countries in Asia that allows foreign land ownership. The message being Thailand should change its policy and allows foreigners to own land because otherwise Thailand will be at risk to see buyers going to purchase in Asian countries that have more opens policies in this regard. I think that those critics are unfair to Thailand and I will explain why in this post
Originally posted 2009-10-03 04:33:32.
February 1 2010 Categories: Land Ownership, Thailand Property No comments yet
Assuming that Thai authorities take as announced a hard stance in relation to the matter of “companies that own land with Thai Shareholders that may be deemed nominees” and assuming that the company do not fight back the accusations. What would happen then?
Originally posted 2009-11-02 09:59:13.
February 1 2010 Categories: Thailand Property No comments yet
Dear Readers, if you have been wondering why I barely posted during the past two weeks the reason is that I was finalizing the second edition of my book “How to Safely Buy Real Estate in Thailand” to be published beginning of February 2009.
Originally posted 2010-01-14 10:24:58.
February 1 2010 Categories: Thailand Visas, Thailand Visas & Work Permit, Thailand Work Permit No comments yet
A foreign investor conducting a business in Thailand or working for a Thai company may if all conditions and documentary requirements are fulfilled file an application and obtain a one year visa.
Originally posted 2009-07-29 09:31:15.
February 1 2010 Categories: Condominium Ownership, Thailand Property No comments yet
If you are an individual and are selling a real estate property in Thailand you will be liable to pay personal income tax on the gain you will realized on the transaction at the time of the transfer at the Land Department. Now how does the Land Department Officer actually calculate the withholding tax payable by individual Sellers? Read more…
Originally posted 2009-12-09 09:26:58.
February 1 2010 Categories: Property General Issues, Thailand Property No comments yet
In Thailand claims on land may be divided in two categories: The major and the minor claims. In this post we will introduce the highest claims on land that are the Nor Sor Sam or Certificate of Use (NS-3), the Nor Sor Sam Gor or Confirmed Certificate of Use (NS-3K) and the Chanote (NS-4) claims.
Originally posted 2009-09-14 02:59:08.
February 1 2010 Categories: Thailand Property No comments yet
I have generated for Readers convenience a TABLE OF CONTENT of all the post I published to date on how to buy a property in Thailand.I hope this table will help you to navigate more easily in my blog.
Originally posted 2009-11-14 06:50:40.
February 1 2010 Categories: Thailand BOI, Thailand Business No comments yet
In this post we will review how to prepare yourself for a BOI application. We will use for this post the example of an investor that want to invest in the manufacturing sector. Note that most of our comments are generals and will also apply if you invest into another sector of activity.
Originally posted 2009-08-05 14:36:44.
February 1 2010 Categories: Property General Issues, Thailand Property No comments yet
This is one of the questions that many careful investors are asking now.
Of course due to what happen in Thailand in 1997 where many banks and developers went bankrupt and where hundreds of buildings where left unfinished a lot of buyers are wondering whether it is the right time to buy a property in Thailand?
Originally posted 2009-07-25 23:54:08.
February 1 2010 Categories: Property General Issues, Thailand Property No comments yet
You would think that using the service of a reputed international brand of real estate agencies is the guarantee of a safe purchase. Wouldn’t you?
Let me tell you a story that will show you how wrong you would be to think so.
Originally posted 2009-07-26 04:18:42.
February 1 2010 Categories: Thailand Visas, Thailand Visas & Work Permit No comments yet
Foreign investors who wish to come into Thailand for tourism purpose may either chose to come under the regime of Visa Exemption (providing that they are national from one of the countries that benefit from this exemption) or they may also apply and obtain for a Tourist Visa with a Royal Thai Embassy.
Originally posted 2009-07-30 09:45:42.
February 1 2010 Categories: Property General Issues, Thailand Property No comments yet
In the following section, we’ll review the differences between the three higher claims from the lowest to the highest.
Originally posted 2009-09-15 02:23:39.
February 1 2010 Categories: Land Ownership, Thailand Property one comment
If you are a regular reader of my posts you already know that I believe that the “foreign investors that have purchased land through a company with Thai Shareholders that may be deemed nominees” is a big messy situation that at one point will need to be resolved.
Originally posted 2009-11-01 07:03:18.
February 1 2010 Categories: Thailand Visas, Thailand Visas & Work Permit No comments yet
This post is a continuation of a series dedicated to visas in Thailand. It follows: “Thailand Visas: Setting the Record Straight: The Rumor Effects” and “Thailand Visas: Setting the Record Straight: The Visa Exemption”. As a professional service provider in Thailand I realised that there is a lot of confusion in people minds as to the visa situation in Thailand.
Originally posted 2009-10-25 06:36:33.
February 1 2010 Categories: Doing Business In Thailand, Thailand Business, Thailand Foreign Business Act No comments yet
The hot potato of the moment is the Thai Nominees issue and there has not been one day for the past two weeks without an article or another in Thai press on the subject.
Originally posted 2009-09-02 05:51:07.
February 1 2010 Categories: Thailand Taxes No comments yet
Yes I know this matter is boring and you may wonder why to include it in this blog. When arriving in Thailand you will meet other foreigners who will tell you how easy it is to do business in Thailand. They will tell you that
“you don’t need to paid up the capital of your company” or
“you don’t need to keep accounting records” or
“you don’t need to pay taxes” or
“you can keep double accounting” and so on.
Originally posted 2009-07-25 07:39:25.
February 1 2010 Categories: Doing Business In Thailand No comments yet
According to the Bangkok Post, Assumption University and the Public Sector Anti-Corruption Commission have jointly polled 2,129 people on the issue of corruption in Thai society.Hopefully, the entire results of this survey will be published soon, but some interesting elements of the survey have already been revealed by the Bangkok Post.
Originally posted 2009-11-20 10:24:24.
February 1 2010 Categories: Leasehold Ownership, Thailand Property No comments yet
One of the first paradoxes of the offshore real estate market is this: Most buyers are retirees or people preparing for retirement, and Thailand has become over the years one of their preferred destinations because of course of its exotic beauty, unique culture, friendly people but also because of its modern infrastructures, the high quality of health services and of course the reasonable costs of living.
Originally posted 2009-07-27 09:45:37.
February 1 2010 Categories: Thailand Visas, Thailand Visas & Work Permit No comments yet
This post is a continuation of our series Thailand Visas: Setting the Record Straight. I wrote this series with a “back-to-basics” kind of approach because I don’t believe that it is possible to understand Thai immigration regulations without having first an understanding of basic terms such as visa, visa class, visa exemption, passport stamp, entry visa, departure visa, multi or single entry and so on…
Originally posted 2009-10-26 09:27:19.
February 1 2010 Categories: Understanding Thailand No comments yet
Today in the Bangkok Post Bag, Richard a foreign tourist that has just spent 5 weeks driving around Thailand and covered 4,000 kilometers is complaining of having been arrested 8 times by Thai police for various traffic offences but having only one time paid a legitimate fine. Richard is according to his own words “disgusted” by Thai police and I’m “disgusted” by Richard hypocrisies.
Originally posted 2009-08-19 06:22:41.
February 1 2010 Categories: Thailand Business No comments yet
In this post we will discuss the matter of Thai companies that purchase land and the disclosure requirement applicable to their Thai shareholders. Firstly we will review the legal criteria a Thai company must fulfill to own land.
Originally posted 2009-10-22 04:04:21.
February 1 2010 Categories: Land Ownership, Thailand Property No comments yet
During his latest nationwide inspection tour of 30 provinces, Anuwat Meteewiboonwut, the director-general of the Thai Land Department let an old monster lose again. In substance is said that foreigners that the titled deed of Thais spouses that are purchasing land on behalf of their foreign spouses could be revoked if the land department was to find out.
Originally posted 2009-07-27 11:06:29.
February 1 2010 Categories: Understanding Thailand No comments yet
Having spent 10 years ago a full 18 months teaching and lecturing in Thai schools and government universities and having continued, from time to time, lecturing at Thai universities I had a look at the system from the inside and based on this personal experience I would say that Thailand has overall a good education system.
Originally posted 2009-08-13 23:03:16.
February 1 2010 Categories: Thailand Business No comments yet
Hi
I have generated for Readers convenience a TABLE OF CONTENT of all the post I published to date on DOING BUSINESS IN THAILAND .I hope this table will help you to navigate more easily in my blog
Originally posted 2009-11-14 08:15:16.
February 1 2010 Categories: Doing Business In Thailand, Thailand Company Registration No comments yet
Preference Shares are opposed to ordinary shares. In Thailand, ordinary shares like in most countries entitle their holders to a share of ownership of the company including a voting right (1 vote per share) and a right to the company dividend or the company benefit of liquidation.
Originally posted 2009-11-24 03:04:41.
February 1 2010 Categories: Thailand Taxes No comments yet
I recently read an article in the Bangkok Post were a Revenue Department Official was quoted discussing the matter of a possible corporate income taxes reduction. This official was saying that while corporate income tax may be higher than in other countries Thailand was however one of the country in the world where the VAT rate was the lowest. This gave me the idea to compare the ranking of Thailand in relation to personal income tax, corporate income tax and VAT.
Originally posted 2009-10-11 06:54:42.
February 1 2010 Categories: Thailand BOI, Thailand Business No comments yet
Reminder: As you already know the Board of Investment is the agency in charge of promoting certain sectors of Thai economy. As such the BOI role is among other to determine:
What are the activities which are eligible for promotion
What are the conditions attached to said promotion
What are the privileges attached to said business activity
Originally posted 2009-08-03 07:10:22.
February 1 2010 Categories: Understanding Thailand No comments yet
In a previous post I already mentioned the 3G licensing drama but only touched the surface of the matter. In this post I decided to discuss this issue more in depth. According to Wikepedia encyclopedia: “As of August 28, 2009, 250 3G/HSPDA networks have commercially launched mobile broadband services in 109 countries; and out of the 250 networks already operational 169 3g/HSPDA networks support 3.6 Mbit/s peak downlink data throughput. A growing number are delivering 21 Mbit/s peak data downlink and one network has been upgraded to 28Mbit/s. Several others will have this capability by end 2009 and the first network supporting 42Mbit/s network is set to come online in late 2009.” In this context it is a scandal that Thailand still does not have 3G capability.
Originally posted 2009-10-17 05:21:34.
