The “Land of Smiles” is an attractive destination for both tourists seeking fun and professionals seeking opportunities. However, the Kingdom of Thailand has many regulations concerning travel and residence in the country. Foreign nationals must obtain visas if they wish to enter the Kingdom. Thailand is also a party to many bilateral agreements that allow…
Many foreigners aspire the purchase of a condominium unit in Thailand, for either residential or investment purposes. 1. Foreign Ownership Foreigners are allowed to buy and own a condominium unit in Thailand. However, only condominiums registered under pertinent laws and licensed with the Thai Land Department offer full individual ownership (with a government-issued unit ownership…
Preparing a Thai will is, for various reasons, highly recommended for foreigners residing in Thailand, particularly property owners. In many cases, a so-called joint will is a particularly useful legal structure. Through a joint will, a married couple typically stipulates that in the event of the passing of one of the spouses, the statutory inheritance…
The Board of Investment (BOI) was established pursuant to the Investment Promotion Act (B.E. 2520; 1977, as amended) for the purpose of promoting certain foreign and domestic investments that are seen as welcome in Thailand. BOI Policies The Board of Investment has set investment promotion policies as follows: BOI Incentives In addition to authorizing foreign…
This is Part II of a blog contribution that discusses the requirements for obtaining a permission to run a hotel under Thai laws and regulations: This is Part II of a blog contribution that discusses the requirements for obtaining a permission to run a hotel under Thai laws and regulations: 3. The Applicant for the…
The Inheritance Tax Act B.E. 2558 (2015) (“ITA”) took effect on 1st of February 2016. It stipulates the following: Inheritance Tax a. Tax Base The inheritance tax base shall be calculated from the inheritance that an inheritor received from each testator, whether it is received once or several times, above 100 Million THB. (Section 12, ITA)….
This is Part I of a blog contribution that discusses the requirements for obtaining such a hotel license under Thai laws and regulations. Residential properties that are rented out as daily accommodations for tourists are under intense scrutiny these days in Thailand, in particular with regard to the requirement to obtain a hotel license. The…
We are proud to announce that FRANK Legal & Tax Ltd. sponsored the German Help Association event at the Fest der Deutschen, which was held on 11th March 2017, Ballroom at Plaza Athenee Hotel. German Help is an association that primarily assists German nationals who encounter problems while staying in Thailand. The Association also offers…
Fabian Doppler of FRANK Legal & Tax and Dr. Wilfried Herrmann from Human Development Forum Foundation (HDFF) spoke about Anti-Corruption for the Standing Committee on Administration of State Affairs of the National Legislative Assembly of the Kingdom of Thailand at the Parliament House of Thailand. The topic of the presentation, which took place on 10…
The Thai Board of Investment (BOI) has introduced its new policy for incentives for qualified investment projects. Under the new policy, following tax and non-tax incentives may be granted to successful applicants: These major changes are intended to show strong determination of the royal Thai government in reinforcing the existing foundation and create sustainable business…
Under the Royal Decree No. 604 of 2016 (B.E. 2559), tax benefits were given to companies or partnership’s expenses of domestic investment. On 24th January 2017, the cabinet approved a one year extension of this tax measure, that is for the period from 1st January 2017 until 21st December 2017. It should be noted that…
FRANK Legal & Tax’s first MeetUp on Establishing a Company in Thailand was held successfully on February 10th, 2017 at the company office in Athenee Tower, Bangkok. We plan for the forum to take place once a month, covering a range of subjects related to corporations in Thailand. The next event “Company Formation In Thailand” will take place on March 9th…
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