A court in Hua Hin, Prachuap Khiri Khan Province, has decided that Airbnb is illegal in Thailand, thereby adding to the uncertainty connected with the use of this very popular app. What is Airbnb Airbnb is a US-American company founded in 2008. It operates in the hospitality field and offers an online marketplace for individuals…
We are delighted to have been featured in the well-respected professional blog Thailand Starter Kit (ExpatDen), in their recommended lawyers section. The two guides FRANK Legal & Tax are featured in highlight how to select a first-class lawyer in both Bangkok and Phuket. Thailand Starter Kit was created with the intention to share know-how and…
The wages council agreed to set a new minimum wage, which came into effect from April 1, 2018. The wage adjustment in 2018 is divided into 7 levels as follows; Mr. Chakkarin, Permanent Secretary of Ministry of Labour, also made three additional proposals as follows; Businesses with more than 50 employees must…
In the context of foreclosure, a creditor can use various methods to enforce his entitlements. When deciding on one of the foreclosure measures, the specifics of the case should be carefully considered to be most effective. Please see below an overview of the available methods of foreclosure: 1. Principles of foreclosure The basic conditions for…
Many foreign property owners are not aware of the so-called House and Land Tax (“HLT”). Properties that are subject to HLT include: • Industrial or commercial buildings • Houses or structures that are similar to houses • The land on which industrial or commercial buildings or houses or structures similar to houses are situated. The…
This initiative is based on an MOU to establish the Strategic Talent Center (“STC”) as a platform that engages with the private sector. STC is the mechanism that assesses foreign experts in digital technology and sciences who wish to live and work in Thailand. The applicant must be employed by a Thai employer such as…
The 10-year visa for foreign retirees is now available. This comes after last year’s cabinet resolution, which agreed to permit this type of visa. The official announcement of the Ministry of Interior dated 26 May 2017 came into full force on 26 July 2017. Applications for 10-year visas are already being accepted. Foreigners can apply at…
Before Thailand jumped into the 4.0 era, there was Thailand 1.0 which was based on the agriculture sector, Thailand 2.0 focused on light industry and then came the heavy industry of Thailand 3.0 which caught the nation in a medium income trap, with growing income inequality and imbalanced development. Now, the government is planning a…
Work Permit Requirements As in any other country in the world, foreigners require a governmental permission prior to working in Thailand. In this article, we will explain the administrative process related to the application for a work permit. Individuals applying for Thai work permits must qualify under the Thai law. The applicant must have the…
The “Land of Smiles” is an attractive destination for both tourists seeking fun and professionals seeking opportunities. However, the Kingdom of Thailand has many regulations concerning travel and residence in the country. Foreign nationals must obtain visas if they wish to enter the Kingdom. Thailand is also a party to many bi-lateral agreements which allow…
Many foreigners aspire the purchase of a condominium unit in Thailand, for either residential or investment purposes. 1. Foreign Ownership Foreigners are allowed to buy and own a condominium unit in Thailand. However, only condominiums registered under pertinent laws and licensed with the Thai Land Department offer full individual ownership (with a government-issued unit ownership…
The Inheritance Tax Act B.E. 2558 (2015) (“ITA”) took effect on 1st of February 2016. It stipulates the following: 1. Inheritance Tax a. Tax Base The inheritance tax base shall be calculated from the inheritance, which an inheritor received from each testator, whether it is received once or several times, above 100 Million THB. (Section…
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