Real Estate Deals with Cryptocurrency As Thailand’s real estate market continues to attract both local and international investors, the rise of cryptocurrency has introduced an innovative payment option for property purchases. Leading developers like Sansiri, Origin Property, and Ananda Development have actively pursued solutions to enable cryptocurrency payments for Thai condominiums. However, while demand for…
Thailand’s Minimum Wage Adjustment in 2025: Provincial Variations and Economic Impact On December 23, 2024, Thailand’s Minimum Wage Committee announced the adjustment of the minimum wage, effective January 1, 2025. This minimum wage varies by province and now ranges between 337 and 400 Baht per day. This adjustment benefits a total of 3,760,697 workers across…
BOI Opens More Land Opportunities for Foreign Businesses The Thai Board of Investment (BOI) recently announced updated regulations regarding land ownership for foreign companies. These new rules, outlined in Notification No. 16/2567 (Criteria for Granting Permission to Foreign Juristic Person Receiving Investment Promotion to Own Land for Establishment of Offices and Residences), came into effect…
Key Tax Considerations for Property Owners Earning Rental Income in Thailand Understanding the taxation of rental income in Thailand is crucial for both residents and foreign investors looking to capitalize on the booming real estate market. This overview will clarify the key aspects of rental income taxation under Thai law, particularly focusing on the Revenue…
Streamline Cross-Border Estate Planning with Separate Wills for Each Jurisdiction For individuals with assets spread across multiple countries, estate planning can become a complex process, especially when considering how different jurisdictions handle wills and probate. If this situation applies to you or your clients, it may be beneficial to consider drafting separate wills for each…
New Regulation on Condominium Reservation Contracts in Thailand On October 3, 2024, the Contract Committee of Thailand’s Office of the Consumer Protection Board published a new regulation that prescribes the form of reservation contracts for selling condominium units. Known as the Notification Prescribing the Business of Selling Condominium Units Through Reservations as a Contract-Controlled Business…
Mandating registered offices for foreign e-commerce operators and implementing new regulations aim to promote fair competition and enhance market integrity. Thailand is set to implement new regulations requiring foreign e-commerce operators to establish registered offices within the country under the forthcoming digital platform service law. This move, announced by the Electronic Transactions Development Agency (ETDA),…
Comprehensive Legal Support for Real Estate Disputes: From Strategic Advice to In-Court Representation At FRANK Legal & Tax, we are committed to providing a full range of legal services to our clients in Thailand. This article offers insight into how we can assist with real estate disputes and litigation, a key area of our expertise. …
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.
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
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.
Due to the increasing popularity of condominiums and apartments in the city, which comes with several issues related to rental and utility bills; as a result, the Contract Committee of the Consumer Protection Board has issued a new notification, the Stipulation of Residential Property Leasing as a Contract-Controlled Business B.E. 2562 (2019) (the “Notification”), published…
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