Thailand Business & Thailand Property Info Blog
February 1 2010 Categories: Thailand Business, Thailand Company Registration No comments yet
The private limited company is the legal vehicle that is the most commonly used by foreign investors in Thailand that is why we will review hereinafter the formalities of registration of a private limited company.
Originally posted 2009-07-24 11:17:21.
February 1 2010 Categories: Opening Bank Account, Thailand Banking No comments yet
The answer is of course yes, or more accurately yes, but…
As a matter of fact the issue of the opening of a bank account by a foreign non-resident is one of the most confusing issues for foreigners in Thailand because there is a huge discreptancy between the theory and the practice.
Originally posted 2009-08-02 05:24:27.
February 1 2010 Categories: Thailand Visas & Work Permit, Thailand Work Permit No comments yet
Contrary to a common belief there are no minimum wages applicable to foreign workers. But because there is always a but in Thailand the Immigration Department has developed a minimum wage schedule applicable to foreign workers who benefit of a work permit and wants to apply and obtain a one year B visa extension.
Originally posted 2010-01-16 07:20:22.
February 1 2010 Categories: Thailand Business one comment
One the Real Estate front the question that got everyone agitated is whether the Government will extend the privilege of discounted taxes and government fees on property transactions as the deadline for the end of this privilege (28 March 2010) is coming closer.
Originally posted 2010-01-11 03:45:58.
February 1 2010 Categories: Thailand Business, Understanding Thailand No comments yet
It is definitively a strange start of the year in Thailand. During the past week there has been very few legal or economical news worth to report which explain my silence. As to the political scene there have been no major developments yet but this did not keep many commentators and journalists to entertain themselves by calling out “Wolf!”or in this particular case commenting on a possible Coup and even worth “Civil War” in Thailand.
Originally posted 2010-01-07 08:18:32.
February 1 2010 Categories: Understanding Thailand No comments yet
Absolutely, however, as with everything there are always exceptions but if, you treat your Thai employees well and with respect, you will notice that they will give you the loyalty that you do not expect to find anymore.They will be hard working and, committed; they will protect your interests and the interests of your company as if it were theirs. Over time the company will become a second family for them up to the point where you will see an employee in tears informing you that she is leaving your company for a new job. Such moments, are a real reward.
Originally posted 2009-07-23 06:05:50.
February 1 2010 Categories: Doing Business In Thailand, Thailand Business No comments yet
Thai journalists are so bored by this surprisingly politically “quite” beginning of the year that they have decided to entertain themselves by calling out “Coup”. And for the past week there has not been one newspaper that does not have at least one article per day on the subject of a possible coup.
Originally posted 2010-01-26 23:24:06.
February 1 2010 Categories: Doing Business In Thailand, Thailand Business No comments yet
Absolutely, many foreigners are exempted from visas requirements and as you will see foreigners are welcome to invest in nearly all sectors of activities in Thailand without needing any prior authorization providing that they do a minority investment (less that 49% of a business shares in a few cases less than 25%).
Originally posted 2009-07-24 07:41:19.
February 1 2010 Categories: Thailand Business, Thailand Company Registration No comments yet
In a previous post I explained step by step the formalities to incorporate a Thai Limited Company. Many readers have contacted me to request whether I could also post the english translation of Thai Limited Company most important documents for information. After the Memorandum of Association (please see previous post) please see below a translation of the Minutes of the Statutory Meeting. Please note that this is an unofficial translation only.
Originally posted 2009-09-04 07:35:27.
February 1 2010 Categories: Doing Business In Thailand, Thailand Business No comments yet
Note: This post is not entirely new. This subject was first posted as a Page called “Thailand Ratings”. I’m about to modify the look of the blog and decided that some of the subjects discussed in pages would now be treated as a post. Of course I updated the content of this post to reflect the current situation.
As we all know, Thailand was one of the victims hit hardest by the 1997 crisis, and many of Thailand’s top developers and financial institutions were bankrupted by the crisis. Earlier in 2009 I was asking whether the 2008 financial crisis would see Thailand revisiting the troubles of 1997.
Originally posted 2009-10-10 07:20:10.
February 1 2010 Categories: Property General Issues, Thailand Property No comments yet
Most buyers purchasing real estate in Thailand will do so buy purchasing through the services of an agent.
The first difficulty buyers will encounter is that Thailand does not have for the time being (if there are, they aren’t enforced) a regulation that would obligate professional real estate agents to formally notify the buyer that they’re acting as the seller’s agent.
Originally posted 2009-07-26 03:27:37.
February 1 2010 Categories: Doing Business In Thailand, Thailand Company Registration No comments yet
The Business Development Department (BDB) which is the unit of the Ministry of Commerce that is handling new companies registration just issued the updated figures of new companies registration at end of October 2009. Overall 2009 was even worth than 2008 but there are reasons to expect better results next year
Originally posted 2009-12-05 01:48:19.
February 1 2010 Categories: Property General Issues, Thailand Property No comments yet
From experience, we know that most problems occur when buyers purchase property “off plan”. Whether or not the transaction has a favorable outcome will depend solely upon one single factor: Did the buyer purchase from a reliable developer or not? Truth be told, purchasing off plan is no more dangerous when purchasing offshore than in your home country, as long as you are purchasing from a reliable developer who operates in the country where you are purchasing.
Originally posted 2009-08-10 06:01:41.
February 1 2010 Categories: Understanding Thailand No comments yet
So, the mountain labored and brought forth a mouse, and after a lot of declaration of the contrary the NTC will not auction the 3G licenses before the end of the year. History has repeated itself (please see my previous post on the subject “Ridiculous Thailand: The 3G license drama (2)”). The NTC already did it in 2006 announcing that the 3G licenses would be issued within the end of year 2006 and they were not, and they will not be issued by end of 2009. What next then? Will we have to wait another 3 years before something happen again on this front. I mean some countries are already experiencing with 4G now.
Originally posted 2009-11-07 11:40:27.
February 1 2010 Categories: Doing Business In Thailand one comment
In this post I tried to make a table that shows for each type of activities the percentage of foreign ownership allowed in Thailand. This kind of exercise is always difficult because there are so many variables applicable that the table format is not always ideal. Anyway this is a work in progress and we will try to improve the presentation over the next weeks.
Originally posted 2009-11-17 04:56:52.
February 1 2010 Categories: Understanding Thailand No comments yet
For service providers that rely on foreign investment like us, 2008 was a bad year and I remembered in October 2008 whishing for the year to end and for a fresh start in 2009. Obviously, the subprime crisis and the seizure of Bangkok airport by the yellow shirts shattered any chances of fresh start. Curiously and despites everything that happened 2009 was not as bad a year as it could have been. Still the year is about to come to an end and it is now time to think about what 2010 may bring us. Unfortunately, prediction are difficult with a political situation at a standstill and the business community holding its breath and waiting to see what will happen next.
Originally posted 2009-11-30 03:53:22.
February 1 2010 Categories: Property General Issues, Thailand Property No comments yet
In yesterday post we discussed Bangkok condominium market. Now what is Bangkok new homes market situation?
Originally posted 2009-08-27 10:40:41.
February 1 2010 Categories: Understanding Thailand No comments yet
I have generated for Readers convenience a TABLE OF CONTENT of all the post I published to date and in which I give my opinion on political or business related news in Thailand.I hope this table will help you to navigate more easily in my blog
Originally posted 2009-11-14 08:06:15.
February 1 2010 Categories: Leasehold Ownership, Thailand FAQ, Thailand Property No comments yet
Someone today’s asked whether it is worth purchasing second hand a property in leasehold?
Here again all depend what kind of property your purchase.
Originally posted 2009-08-13 17:03:44.
February 1 2010 Categories: Property General Issues, Thailand Property No comments yet
[There was a formating problem in our Sunday post. I reposted it again]. People purchasing real estate in Thailand are often fulfilling the goal of a lifetime. In the pursuit of their life dream they will often toss caution to the wind, lose all common sense and ignore some simple precautions.Truth is that the actual formalities to transfer a real estate property are fairly straight, simple and may be completed in a few hours which leads many buyers to believe that purchasing a property in Thailand will be a simple transaction when it is not always the case. [ this post was published earlier as a page. We updated it and republished it as a post].
Originally posted 2009-10-19 03:05:09.
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.
