What is the minimum capital requirement to incorporate a foreign owned Limited Company?
The minimal capital requirement to incorporate a foreign owned Thai limited company will be 2,000,000 THB (Section 14 of the Foreign Business Act) if the foreign owned company exercises an activity that is not controlled under List 2 and [...]
Archive for May, 2010
Doing business in Thailand minimum capital requirements
May 27th, 2010 
doctor Doing business is it easy to be successful?
May 27th, 2010 doctor Is Thailand open to foreign investment?
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 [...]
Opening a Thai bank account
May 27th, 2010 doctor May a foreign citizen open a bank account in Thailand?
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 [...]
Thailand Condominium Act B.E.2551
May 26th, 2010 doctor TRANSLATION of Thailand Condominium Act, including recent 2008 amendment. This translation is for INFORMATION purposes ONLY. This is a reasonably accurate translation, but the original Thai Condominium Act may have different wording or meaning. Consult a Thai condominium lawyer or obtain the legal services of a law firm [...]
Posted in Buyers, Buying property, Condominium Ownership, Developers, Lawyers, Sellers 
No Comments »Transfering funds into Thailand
May 26th, 2010 doctor Background
When purchasing property in Thailand. In order to transfer money used to purchase property or land back out of the country at a later date you will need proof from the bank that the monies were used for this purpose and you will need to get a Tor Tor 3 form or [...]
Phuket What to do and see
May 26th, 2010 doctor Hi, when planning on visiting Phuket for holiday or long stay we have all the information you could possibly need at our web site www.siamvillarentals.com
The aim is to provide you with the most comprehensive information on visiting, staying, and enjoying the beautiful island of Phuket [...]
Due Diligence
May 17th, 2010 doctor 
When buying property in Thailand we highly recommend you use a reputable lawyer, do not under any circumstances try to go it alone as there are so many pitfalls, especially with the spoken and written Thai language interpretations. Foreigners may not own land in Thailand so legal mechanisms are used to overcome this situation and [...]
Valuations
May 17th, 2010 doctor When you wish to sell your property, it is normal for the broker to provide a realistic selling price which is based on original cost of land and property and current market rates for land and re-build costs. Furthermore in the case of property such as an apartment in a deveopment, price is based [...]
Seller Tips
May 17th, 2010 doctor 
Here are some useful tips when wishing to sell your property or land:
Broker terms
Going with the broker that offers a smaller fee for a successful sale is false economy! We all have costs and how can a broker successfully market your property if he makes a very small margin? This means they are not [...]
Thailand Work Permit Information
May 16th, 2010 doctor First, you must have a Non-Immigrant visa to apply for a work permit.
With a few exceptions, all foreigners engaged in any kind of work in Thailand must hold a valid work permit. These are issued by the Department of Employment, part of the Ministry of Labour and Social Welfare.
The term “work” [...]
