Reduction of Land Office Registration Fees in 2023
Thailand’s cabinet approved tax measures that will benefit property purchases in 2023. Land and property tax were reduced, along with some registration fees being cut.
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Divorce Agreement Requirements in Thailand
Many marriages end in divorce, however, in our experience the couples often do succeed in settling their matters reasonably and without a legal dispute. Such an unconsented divorce, also called administrative divorce, is conducted through mutual statements of consent by the spouses at the local district office. It is relatively easy to register and formalize…
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Thailand Recruitment License Requirements
Under Thai law, any person or company who engages in recruitment business must obtain a recruitment license from the registrar following the regulations prescribed in the Employment Arrangement and Jobseeker Protection Act B.E. 2528 (1985). Please see the following general information on the legalities of a Recruitment License: Nathathai PichaisawadConnect with me on LinkedIn Nathathai…
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“HIGH” Standards in Thailand; Regulations to Unlock Cannabis Industry
In the wake of shared global challenges, tourism and green growth is the way forward for Thailand’s sustainable economy. Specifically, a relevant government panel has set up a plan to develop the country as an international hub and targeted Thailand as the world’s foremost destination for the medical industry and wellness tourism. Still, a dream…
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Short-term rental businesses via online platforms in Thailand
As part of the steady economic recovery from the COVID-19 crisis, Thailand is gradually attracting tourists back into the country. Due to the increased number of visitors, short-term rentals through platforms such as Airbnb, including daily rentals, are in high demand
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Thailand: Long-Term Resident (LTR) Visa
This guide explores the Long-Term Resident Visa (LTR) based on our experience, a visa designed for high-potential foreigners who wish to reside in Thailand for an extended period. If you have any questions, please do not hesitate to contact us at [email protected] Fabian DopplerConnect with me on LinkedIn Fabian, a founding partner of FRANK Legal…
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Buying a House in Thailand – Handover Checklist
When the owner of residential property changes, the last step after the visit to the land office and the receipt of the money is crucial: the handover of the keys; after this, the previous owner moves out, and the buyer moves in. At this point, all documents are handed over, a joint tour of the house is made, and meter readings and defects are noted. It makes sense to draw up a protocol for the handover of possession so that the sale of the house does not have any repercussions. We have summarized what you should pay attention to in the house handover protocol.
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Applying for Thailand’s Long-Term Resident Visa (LTR): Requirements and Qualifications
The Thai government recently announced that they are making some changes to the Long-Term Resident Visa (“LTR”) requirements intending to attract more foreign residents to come to Thailand. Kindly note that although the Thai cabinet and the Board of Investment (BOI) approve of this new LTR visa, there still has not been any official announcement…
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Thailand’s long-term resident visa (LTR) fee to be reduced by 50%
Thailand’s cabinet has decided to halve the long-term resident (LTR) visa fee, bringing it down to 50,000 baht. The visa is designed for foreigners who have “high capability or potential” and would like to live in Thailand for up to ten years. This means that eligible highly skilled foreigners can now apply for the visa…
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What is a Share Pledge, and What Does it Involve?
The pledge provides security in terms of performance by transferring a movable property from pledger to pledgee. Therefore, anything considered movable property can be pledged, even an instrument. An instrument is a document in which the issuer promises payment or right to a specific person, such as a bill of lading, a bill of exchange, or a share certificate.
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Thailand Launches New Flexible Plus Program to Attract Wealthy Foreigners
the Thailand Privilege Card’s new “Flexible Plus Program”
This program gives high-income foreigners a work visa and other benefits to stay and invest in Thailand. -
Digital Asset Taxes for Cryptocurrency and Digital Tokens
The revenue department’s announcement regarding taxing cryptocurrency has been in effect on 13 May 2018; however, investors continue to face confusion, controversy, and other difficulties. In January, the department held a public hearing with representatives from the public and private sectors. To explore digital asset tax guidelines, representatives from the Bank of Thailand, the Securities…
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