Offering properties for “sale” to foreigners under a long term registered lease is becoming the norm for new developments in resort areas. Even condo developments limited to offering 49% of their freehold capacity to foreigners may offer the remaining units to foreigners on a long term leasehold.
If however you are considering purchasing a resale villa [...]
Archive for June, 2010
Villa resales for foreigners
June 19th, 2010 
doctor Difference between condos and apartments
June 19th, 2010 doctor 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 [...]
Thai Etiquette
June 11th, 2010 doctor The Thai are a proud nation of people with a long history and well-established, complex hierarchal structure of status. Starting with the Royal family and percolating down, everyone in Thailand knows and respects their place in society. A polite Thai (which is most of them) will usually immediately identify whether another [...]
Buying property in Thailand
June 10th, 2010 doctor Land Purchase
Thai law stipulates that a foreigner may not own land in his name, he has the right of ownership of buildings only. If a foreigner wishes to purchase land to build a property he has 2 options.
The land is purchased on a 30 year leasehold, with an option to extend the [...]
Working in Thailand: What you need to know about work permits
June 9th, 2010 doctor When do you need a work permit?
You will need a work permit as soon as you engage in work by “exerting energy or using knowledge whether or not in consideration of wages or other benefits “. Of course if you just come into Thailand to negotiate a contract with a Thai [...]
Buying a Condominium: Foreign Freehold Ownership
June 9th, 2010 doctor The easiest and most 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.
Personal Requirements
In order to be eligible to purchase a condominium freehold foreign investors need only to [...]
Buying a Condominium: The 49% foreign ownership quota issue
June 9th, 2010 doctor 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.
While this limitation is rarely [...]
Posted in Buyers, Buying property, Condominium Ownership, Developers, Land titles, Lawyers 
No Comments »Legal Definition of a Condominium
June 9th, 2010 doctor The first thing to understand is that the term “condominium” does not describes what a property “look like” but actually serve to defines the “physical rights” attached to said property. The second thing to understand is that while Thailand only knows for the time being the concept of vertical condominium (a [...]
Posted in Buyers, Buying property, Condominium Ownership, Land titles, Lawyers, Owners No Comments »Thai property corporate income tax
June 7th, 2010 doctor Filing Corporate Income Tax for your villa
As a Thai company, if your fiscal year (accounting period) is based on the calendar year, you have to file corporate income tax within 150 days after year end no matter whether you have any income or expenses in your business during the year or [...]
Thai Corporate Income Tax (CIT)
June 7th, 2010 doctor It’s CIT time again
Any Thai company subject to corporate income tax (CIT) is required to file a half-year tax return by estimating its annual net profit and its tax liability; and must pay half of the estimated tax amount within two months of the end of the first six months of [...]
