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 [...]

Villa resales for foreigners

June 19th, 2010

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 [...]

Difference between condos and apartments

June 19th, 2010

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

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

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 [...]

Buying a Condominium: Foreign Freehold Ownership

June 9th, 2010

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

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 [...]

Legal Definition of a Condominium

June 9th, 2010

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 [...]

Thai property corporate income tax

June 7th, 2010

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

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 [...]