Different Approaches to Land Ownership by Foreign Companies
This article looks at the possibilities of land ownership by foreign companies in different countries in South East Asia.
What to Do when a Visa has been Denied
It is unfortunately not a rare incident, not only in Thailand, that visa applications are denied although all legal requirements were met and all requested supporting documents were provided to the respective embassy. The reasons for denying the applications are often elusive for the applicants and include standard wording that seems inappropriate. Moreover, the application…
Purchaser Protection under the Land Development Act
It is a rather unknown fact among foreign property purchasers, in particular in tourist resort destinations in southern Thailand, that Thai property law sets forth a strict regime for development of real estate projects.
Diversity of Bangkok Condominium Market
According to CBRE Thailand, the Bangkok condominium market is growing in complexity as more products with different market dynamics, sizes and quality emerge. New supply has continued to increase with approximately 7,600 units completed in the downtown and midtown markets this quarter. Total midtown and downtown supply is now purportedly approximately 350,000 units where the…
Thai Businesses Seeing Virtues of Green Buildings
According to The Nation (20 May 2013), Thailand is following the global trend of constructing more green buildings, because the business community has started realizing that these offer both long-term energy-savings and increased business value. The newspaper refers to executives close to the industry. The number of green buildings is said to continue to rise…
Renewable Energy in Thailand
This article describes the establishment of renewable energy in Thailand and respective government incentives.
Upbeat Thai Developers Expect Growth of 10% in 2013
According to reports by “The Nation”, Thai listed property firms will announce investments totaling at least Bt150 billion in each of the next two years, with 216 residential projects expected to be launched during 2013. Some Bt150 billion is expected to be the value of the projects themselves while a similar amount is expected to…
Personal Income Tax rates reduced effective 2013
On 18 December 2012, the Thai cabinet approved reductions of the personal income tax rates, to take effect in the beginning of the fiscal year 2013.
The previously five income tax brackets are being expanded into now eight brackets by adding tax rates of 5%, 15%, and 25%. The top marginal tax rate decreases slightly, from previously 37% to now 35%. This applies for net taxable income of THB 4 million or more. The tax exemption for low salaries of less than THB 150,000 remains as it is.
This is the first major change of PIT rates since approximately 20 years. According to the Bangkok Post, details of the new tax rates are as follows:
How to will your Thai Property
For many people, estate planning and the preparation of the last will and testament is a dreaded thought and something that is rather avoided. However, it is certainly advisable to settle such affairs, and this holds true in particular if you have property in Thailand.
Starting a business in ASEAN
A comparison of requirements and procedures for the establishment of limited liability companies in ASEAN countries. Article in Bangkok Post, 1 Nov 2010
Checking out Hotel Licenses
An article on the requirements for obtaining a hotel license in Thailand, including information on the hotel market in Phuket.
Liability for Construction Defects
Construction defects are a very practical concern, whether you buy a new property or one from the secondary market. This article contains some useful information and tips how to deal with the situation appropriately.
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