Mr. Udom Wongwiwatchai, Secretary General of the Board of Investment (BOI), revealed that the agency is currently talking with the Ministry of Tourism and Sports on ways to improve investment strategy to benefit the tourism industry. He said an emphasis will be given to tourism clusters to make sure the overall development will cater to the right tourist segments.
A common question that we are frequently asked by clients who work in Thailand as foreigners and under a work permit, is whether their visa will expire if an employment in Thailand ends.
In that respect it should be noted that although work permits are usually granted for a one-year term, their validity will be tied to the validity of the foreign national’s visa at that time. Therefore, a typical one year visa extension will expire within seven days after the work permit expires. However, a regular non-immigrant B visa (with 1 year duration but only 3 months permissions to stay) will not expire in this way but continue to be valid until its normal expiration date.
The number of international tourist arrivals to Thailand in 2013 was a record 26,556,397 increasing by 19.8% Y-o-Y (year on year).
The number of international passengers disembarking at all AOT-managed airports increased by 14.7% Y-o-Y to 23,336,162 in Bangkok and by 25.8% Y-o-Y in Phuket. The largest feeder market was Chinese with a 17.5% share of total international tourist arrivals to Thailand in 2013. The number of Chinese arrivals grew by 69.1% Y-o-Y.
FRANK Legal & Tax advises a Malaysian construction company in a 30 Million THB arbitration case in Thailand. The opposing party is the developer of a palm oil plant in Southern Thailand. The case is currently pending at the Thai Arbitration Institute (TAI).
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.
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.
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.
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.
We are proud to announce that FRANK Legal & Tax Ltd. is now a member of the Thai Institute of Directors Association (IOD).
The Thai Institute of Directors Association (IOD) is a leading organization dedicated to improving director professionalism and corporate governance in Thailand.