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.
In Thailand’s Economic Projection for 2013 (as of March 2013), Mr. Somchai Sujjapongse, director general of the Fiscal Policy Office, announced that the Thai economy in 2013 is expected to grow steadily, by 5.3 percent (the average of the expected range of 4.8 – 5.8 percent). This projection is an increase from the December 2012 projection of (5%) due to an expansion in domestic spending, especially goods consumption, the main driver of the economic expansion. Private consumption Mr. Somchai indicated, was expanding due to the measure to increase income, such as the increase in the minimum wage to 300 baht nationwide and the rice-pledging project.
An article written by Fabian Doppler has been published in the Phuket News and subsequently posted on Thaivisa.com (by admin staff of Thaivisa). The article was very well received with 67 (very positive) replies and so far more than 10,000 views. Please see the respective link as follows:
We are proud to announce that FRANK Legal & Tax Ltd. is now a member of the German-Thai Chamber of Commerce (GTCC).
The GTCC, located in Bangkok, promotes bilateral economic relations between Germany and Thailand since fifty years and is one of the biggest foreign chambers of commerce in Thailand.
On 27 March 2013, her Excellency Prime Minister Yingluck Shinawatra addressed members of the joint foreign chambers in Thailand and gave a keynote speech during a luncheon at Sheraton Hotel, Bangkok. The topic of her speech was “Foreign Investment in Thailand and the Kingdom’s Strategy towards ASEAN Liberalization in 2015”.
Following a controversial debate, the Thai Board of Investment (“BOI”) has decided to postpone the implementation of a new BOI policy which was scheduled to be announced in March and to come into effect in June this year.