A family office is a private wealth management firm that provides comprehensive financial services to a wealthy family or a single high-net-worth individual. These services typically include investment management, estate planning, tax optimization, philanthropic advising, and more. Family offices are tailored to the specific needs and goals of the family or individual, offering personalized financial…
Properties in Thailand do not serve only as investment assets but also as residences and business premises, attracting both locals and foreigners.  While Thai law still restricts foreigners from owning certain estates in Thailand, ownership is not the sole means of leveraging property in Thailand. Thai legal framework offers various alternatives for individuals, including foreigners,…
Key Information on Revenue Department Order No. 162/2023 Additionally, to the Q & A paper on the new tax regulations published by the Thai Revenue Department, the Thai Tax Authority published the Revenue Department Order No. 162/2023 on 20. November 2023. This order states, that the following paragraph shall be added to the Revenue Department…
On 30 August 2023, the Royal Gazette issued the ministerial regulations as an announcement regarding the amendment in the definition of the hotel, which led to changes in the requirements for owners who wish to operate hotels. According to the regulation amendment, this alters the criteria for operating a hotel. A significant modification has been…
In an effort to boost building safety and elevate construction standards, Thailand has introduced a comprehensive new Ministry regulation. This updated regulation, a revision of the existing Ministry of Interior’s guidelines, places a strong emphasis on various critical aspects of construction, including load-bearing capacities, fire resistance, and the materials used in structural elements. Background and…
Thailand Elite Visa Membership Packages Set to Transform The current Thailand Elite Visa membership packages are due to be discontinued in their current form. To adapt to the global economic landscape, a new suite of offerings will be made in October 2023. This move reflects the intent to modernize and cater to a diverse client…
Discover the legal frameworks for NGOs in Thailand and gain valuable insights from our extensive experience in this educational article.
The Revenue Department of Thailand has issued Order No. 161/2023, which means a significant shift in tax obligations for residents earning income abroad or possessing overseas assets. This directive, signed by the Director-General of the Revenue Department, mandates that specific criteria must be met by individuals living in Thailand who must now report and pay…
Discover Thailand’s robust International Tax Landscape with a focus on Double Taxation Agreements and Global Tax Initiatives. Explore how these agreements promote trade, investment, and tax fairness.
An analysis of Thailand’s strategic location at the heart of Southeast Asia, and how this makes it an ideal hub for regional and global trade and investment.
In the dynamic landscape of mergers and acquisitions (M&A), earn-outs have emerged as a strategic pricing mechanism that can greatly impact the success of a transaction. Earn-outs introduce a contingent element to the final purchase price, allowing buyers and sellers to align their interests and bridge valuation gaps, particularly in deals involving privately-held companies or…
Setting up a second residence in Thailand has become a popular option for many high-net-worth individuals looking for a safe, stable, and convenient location to reside. With its favorable climate, world-class healthcare system, and vibrant culture, Thailand offers a unique and appealing lifestyle for those seeking a second home. However, before making the decision to…
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