Thailand Business & Thailand Property Info Blog
May 24 2010 Categories: Condominium Ownership, Thailand Property No comments yet
In this post I will describe step by step the formalities that must be accomplished by the seller and the buyer in order to complete the sale and purchase of a condominium. In this example I make the following assumption. The buyer is a foreign investor. The condominium unit is completed and ready for transfer.
Originally posted 2009-11-28 05:32:53.
May 24 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.
May 24 2010 Categories: Understanding Thailand No comments yet
While the Coup of September 2006 that topples Dr Thaksin Shinawatra government was bloodless it nevertheless continues to affect Thai society. The Coup makers were intent to topple and destroy the most popular Prime Minister Thailand ever had and the only Thai Prime Minister who ever completed a full four year times and was able to be re-elected for one more.
Originally posted 2010-04-15 04:01:27.
May 24 2010 Categories: Thailand Business one comment
Many foreign investors living in Thailand call themselves “permanent resident” which is actually incorrect. A permanent resident of Thailand is a foreign national that has applied and obtained a Resident Permit (or Certicate of Residence) pursuant to Chapter 5 Section 40 to 52 of the Immigration Act. What are the benefits of this status and how to obtain it?
Originally posted 2009-11-19 01:27:34.
May 24 2010 Categories: Doing Business In Thailand, Thailand Business 2 comments
Note: This post is not entirely new. This subject was first posted as a Page called “Nominee Issue”. 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 posts. Of course I updated the content of this post to reflect the current situation.
This post is a continuation of my previous post on the nominees issue and i will try here to explain how does one make the distinction between a real shareholder on a nominee.
Originally posted 2009-10-13 03:15:26.
May 24 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.
May 24 2010 Categories: Thailand Business No comments yet
While there is nothing to report in terms of legal news (but for the protest) I take this opportunity to place a personal add.
I’m selling my Bike
Model RS1200 – Year 2006 -13,000 KM
No accident-Excellent Service Record
New Tyres (3 months ago)
It is the only model of this year in its original yellow color
Price = 675,000 THB
If anyone is interested let me know at contact@renephilippe.com
Originally posted 2010-05-13 07:53:25.
May 24 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.
May 24 2010 Categories: Thailand Visas & Work Permit No comments yet
Here below is the list of the post I wrote on the matter of visas and work permits in Thailand to date. Hope this list will be helpful.
Originally posted 2009-11-08 07:36:05.
May 24 2010 Categories: Thailand Business, Thailand Company Registration one comment
The private limited company is the legal vehicle that is the most commonly used by foreign investors in Thailand and we will hereinafter review the formalities of registration of a private limited company. In this article we will only review the conditions of incorporation of a Private Limited Company to the exclusion of nominees and Thai/foreign shareholders ratio which are discussed in other posts. [This post replace our previous post on the subject “How to register a company step by step”.
Originally posted 2009-10-20 07:09:45.
May 24 2010 Categories: Thailand Business, Thailand Company Registration No comments yet
The disclosure requirement was one of the measures taken by the Thai Government to avoid the use of Thai nominees by foreign investors. Since August 14th 2006, the Department of Business Development is compelled to require at time of incorporation of a company that the company Thai shareholders justify the source of their investment if certain circumstances are met.
Originally posted 2009-07-24 10:40:28.
May 24 2010 Categories: Understanding Thailand No comments yet
I always loved idioms because there is a lot of wisdom attached to them and I particularly loved the “Don’t throw the baby out with the bathwater” idiom because it teach us not to discard something valuable in our eagerness to get rid of some useless thing associated with it. Something Thai political class is in need to learn quickly.
Originally posted 2009-11-11 04:13:00.
May 24 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.
May 24 2010 Categories: Thailand Business No comments yet
Many employers in Thailand have found themself condamned for unfair dismissal as a result of court proceedings filed by employees that were terminated following a disciplinary action for violation of the company working rules. The reason for this is that Thai laws are very formal and that the disciplinary procedure must be in conpliance with the law or the working regulation of the company in order to be valid and opposable to the employee.
Originally posted 2009-12-01 02:34:02.
May 24 2010 Categories: Understanding Thailand No comments yet
In a nutshell “Thainess” is a concept that provides the foundation for social harmony and the respect of order in a patriarchal, hierarchical society where people display cool heads, warm hearts, gratitude and public deference.
“Thainess” has a lot of by-products that we will discuss from time to time in this blog.
Originally posted 2009-08-11 12:47:19.
May 24 2010 Categories: Thailand Visas, Thailand Visas & Work Permit one comment
Visa abuse is not a novelty in Thailand and for the past 3 years we have seen a race between foreigners who abuse the visa system to stay in Thailand (and those who assist them) and the Thai Immigration who always finish by catching up.
Originally posted 2009-12-19 05:48:46.
May 24 2010 Categories: Doing Business In Thailand, Thailand Business No comments yet
One of the advantage of Thailand when entering the bar business is that you will not have to worried about having to buy protection from local mafia in order to run your business, because the police has things under control.
Originally posted 2010-01-25 04:49:07.
May 24 2010 Categories: Condominium Ownership, Thailand Property No comments yet
Colliers recently published its last property snapshot for 2009 and we would like to take this opportunity to review 2009 Thai condominium market. So, was 2009 a good or a bad year?
Originally posted 2009-12-23 07:02:15.
May 24 2010 Categories: Doing Business In Thailand, Thailand Business one comment
Land Development is an activity that attracts many foreign investors in Thailand. I often wonder why because it is really a tricky activity to invest into if you are a foreign investor for several reasons as follows:
Originally posted 2009-11-10 06:17:05.
May 24 2010 Categories: Doing Business In Thailand No comments yet
The toll of 3 years of political crisis and unrest, and of a world economical crisis on Thai economy is not as bad as it could have been and Thailand has the economical potential to fully benefit of the recovery announced for 2010. How fast and how quick Thailand will recover will depend of the resolutions of the issues discussed below.
Originally posted 2009-12-25 04:16:43.
May 24 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.
May 24 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.
May 24 2010 Categories: Thailand Visas, Thailand Visas & Work Permit 3 comments
This post conclude for the time being my series on visa. In this post I tried to make a comparative table showing the most commonly used types of visa, their benefits and requirements. Note that some of the visa I discussed here have already been discussed in several posts already. I just want to permit readers to compare different type of visa without to switch from one post to the other.
Originally posted 2009-10-27 10:46:41.
May 24 2010 Categories: Doing Business In Thailand, Understanding Thailand No comments yet
The key to success when doing business in Thailand will be “understanding”, and you cannot arrive in Thailand and immediately jump into the fray because you will inevitably fail.
Originally posted 2010-02-01 00:33:01.
May 24 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.
May 24 2010 Categories: Understanding Thailand No comments yet
You cannot read Thai news and not know about the issue of the two brokers that have been recently arrested for spreading rumors about His Majesty the King health that affected the Stock Exchange of Thailand (SET). The Authorities are visibly at a loss on what to do. They seem to believe that they have to do something about it but limit for the time being their answer to punishing the allegedly guilty parties involved and if possible to prevent such a thing of ever happening again.
Originally posted 2009-11-04 03:36:50.
May 24 2010 Categories: Thailand Business No comments yet
I deleted yesterday post and reposted today a new version
A reader remarked that I posted a lot of information as to real estate selling prices but did not give to date any information as to construction prices. The problem is that while there is actually a lot of data available on this matter, the information provided is not always coherent. In the post I cancelled I only posted the highest price range information but i felt that to do so was only giving you part of the picture.
Originally posted 2009-10-06 08:05:27.
May 24 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.
May 24 2010 Categories: Thailand Foreign Business Act No comments yet
The Foreign Business Act B.E. 2542 (A.D.1999) (“FBA”) was enacted on March 4, 2000 to replace the Alien Business Act of 1971. The FBA does not regulate the entire matter of foreign investment in Thailand. The FBA purposes are:
Originally posted 2009-07-21 08:54:44.
May 24 2010 Categories: Property General Issues, Thailand Property No comments yet
How are rights on land evidenced in Thailand? Now this is a tricky question because land documents such as NS-4 (Chanote), NS-3K (Nor. Sor. Sam Kor.) or NS-3 (Nor. Sor. Sam), which we discussed in the previous posts, only serve to evidence rights to land and contain no mention of the structures built on the land (if any).
Originally posted 2009-09-21 04:06:25.
