Doing Business in Thailand

While I already dealt with this issue two days ago, I just read this morning a comparative study from the Global Property Guide. The Global Property Guide surveyed and compared the prices of 120 SQM good condition second hand high end apartments in 112 cities over the world. Among the cities surveyed was Bangkok which ranked fairly well in the study.

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Originally posted 2009-08-28 10:40:06.

This post is part of a series of posts that include my post dated of 26 August 2009 called “Bangkok What and Where to Buy?” and my post dated of 28 August 2009 “Bangkok more reasons to buy”.  Two new surveys published recently by CB Richard Ellis (Thailand) and Jones Lang LaSalle (Thailand) have draw my attention.

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Originally posted 2009-09-17 03:57:10.

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.

It is always difficult for a new buyer freshly arrived on a market to make an informed decision on what and where to buy? I have been around for 12 years, believe that I have a good understanding of the market but still I learn new things every day. Should you trust your agent to recommend you the best product available. You may, of course but you could also try to find out for yourself what the situation is.

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Originally posted 2009-08-26 03:47:05.

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.

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Originally posted 2009-11-28 05:32:53.

Should you buy your condominium unit in person or should you register an offshore company to purchase it on your behalf? Both options are available with their advantages and drawbacks.

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Originally posted 2009-08-24 11:43:20.

If you are married, you have two options when buying a condominium freehold in Thailand. You may either wish to buy the condominium in co-ownership with your foreign or Thai spouse or you may purchase it solely under your name by fulfilling some simple requirements. What you cannot do is to lie about your marital status in order to purchase a condominium in sole ownership while married

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Originally posted 2009-08-20 05:25:22.

The most easier and secure way for a foreign investor to purchase real estate property in Thailand is to purchase a condominium unit freehold because the legal requirements are as we will see below minimal.

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Originally posted 2009-08-18 11:35:39.

I was not satisfied with the content of Friday’s post and I redrafted it

To help you to better understand the difference between a condominium and an apartment building I need first to clarify the definition of the term of “condominium”. For example, most people in Thailand commonly associate the term “condominium” with the concept of an “individual unit” into a “multiple unit building” generally a high rise that may only be sold freehold but condominium ownership is actually far more than this.

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Originally posted 2009-09-27 07:36:30.

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?

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Originally posted 2009-12-23 07:02:15.

In this post we will show how the government fees and taxes payable at the Land Department are calculated in the case of the resale of a condominium. Note that in the two examples below we envisaged a transaction before end of March 2010 and after March 2010 because government fees are discounted until the end of March 2010.

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Originally posted 2009-12-09 06:47:13.

This article was first published in the Property Report Magazine of May 2009 under the heading Beyond the Law

The 49% foreign ownership quota for condominium

One of the legal headaches limiting access of foreign buyers to the Thai real estate market is that Thai laws currently limit foreign buyer freehold purchases of condominium units to percent of the total area (reserved for private ownership) of a condominium building at any one time.

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Originally posted 2009-07-27 10:27:19.