Due Diligence

May 17th, 2010

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 [...]

Seller Tips

May 17th, 2010

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 [...]

Holiday Rental Tips

May 16th, 2010

When browsing to find the right holiday rental that suits you out of the huge choice on the internet we suggest that you follow some sensible guide lines:
1. The booking agent are they transparent and give you info on their company, if not don’t!
2. Do they have testimonials from satisfied customers?
3. Do they have Guest [...]

Thai Visas: Visa B one year extension

October 1st, 2010

Extending a Non Immigrant Visa B for one year
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.
Condition and Documentary Requirements
A foreign investor may apply for a one year [...]

Work Permit: Working with no Work Permit | Penalties

October 1st, 2010

Working without a work permit is not something someone should take lightly as the penalties applicable are quite harsh.
Penalties applicable to the Foreign Employee
A foreign citizen who:
-          is working without a work permit or
-          doing work other than that specified into the work permit
Is punishable by a fine of 5,000 THB + 3 months of [...]

Thai company name registration

September 28th, 2010

Prior to the legal formation of a company under Thailand Civil and Commercial Code, the company’s name must be approved and then reserved at the Thai authorities.
The applicant must be a partner, a promoter or a director of that company. The form for reserving the company’s name is available at the: [...]

Thai Labour laws

September 14th, 2010

Labor matters are generally governed by the Labor Protection Act B.E. 2541 (1998) and the Civil and Commercial Code Section 575 to Section 586 on Hire of Services. Other laws include:

Labor Relations Act B.E. [...]

Thai Laws

September 5th, 2010

Here is an introduction to a really useful web site namely THAILAWS.COM
The content of this web site is awesome and of use to anyone living, renting or working in Thailand.

Tax & Legal News September 2010

September 5th, 2010

This article was written by Paul Ashburn, Senior Partner, BDO Advisory Limited.

BDO Advisory Limited, a limited liability company incorporated in Thailand, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the [...]

Transfer fees who pays what?

August 26th, 2010

First let me say that it is between seller and buyer to negotiate who pays what in regards to taxes when transferring property or land in Thailand. The norm back in 2007 was that both seller and buyer shared the cost equally of property taxes in transfering a property, however as there are no absolute [...]

Procedure for closing your company

July 29th, 2010

In order to close a Thai company you will normally have to contact two government authorities. The first is the Revenue Department (RD) and the other is the Ministry of Commerce (MOC).
The Revenue Department
If you are a VAT registered company, you have to apply for VAT de-registration within 15 days of [...]

Thai labour laws

July 24th, 2010

Labor matters are generally governed by the Labor Protection Act B.E. 2541 (1998) and the Civil and Commercial Code Section 575 to Section 586 on Hire of Services. Other laws include:

Labor Relations Act B.E. [...]

Costs of doing business in Thailand

July 24th, 2010

Here is a comprehensive document covering general costs, tax rates, labour costs, utility, communication, transportation costs, misc costs and useful information in fact everything you need to know when considering starting an operation or business in Thailand.
Download pdf document Thailand costs_doing_business_2009
Courtesy of www.thailaws.com