The Ministry of Commerce of the Department of Business Development has issued the Order of Office of the Company Limited and Partnership Registration 205/2555. The order states that entities planning to set up a partnership or a company limited in Thailand must submit certified bank statements declaring the financial standing of all Thai partners or...Read More
Thailand is one country in Asia that is bent in promoting the country to attract foreign investment. While maintaining their nationalistic stance, the government of Thailand has promulgated some legislative acts advancing the interests of foreign investors through the provision of tax incentives / relief for foreign businesses operating in Thailand and satisfying the prescribed...Read More
Thailand has raised its minimum wage from Baht 220 to Baht 300 since April 1, 2012. Such a move was aimed at increasing the spending power and to offset the high costs of living in the country. Since the effective date, all workers in Thailand will receive at least Baht 300 or approximately US$9.80 per...Read More
Hotel taxes in Thailand continue to baffle many property owners, given the volatility or new taxes that often seem to come and go. The surprising increase of the so called “local hotel tax” from 1% to 2% in Phang Nga Province resulted in fear among hotel business operators in other provinces of Thailand like Phuket, that they...Read More
Condominiums in Thailand are regulated by the Condominium Acts of Thailand and are registered with the Thailand Land Department. Ownership of a condominium unit is, officially transferred through proper registration at the Land Office. There are taxes and fees payable upon registration, including transfer fee, income tax / withholding tax, stamp duty or specific business...Read More
Owning a property, a parcel of land, a condominium unit or a residential house requires a complex web of registration with the Land Office, which can be part of the legal services Phuket law firms offer. All ownerships will be legally transferred by a written registration at the local Land Office. Along with such registration...Read More
Thailand’s Land Laws are quite specific – foreign nationals are not allowed to own freehold land in Phuket, Thailand or any part of Thailand, for that matter. Not even if the foreigner is married to a Thai spouse, the provision for which is that the property will be in the name of the Thai spouse,...Read More
Phuket, the largest island in Thailandhas established itself as a global resort destination. It has to its name a range of luxury villas, condominiums and apartments for sale. These Phuket properties are comparable to those offered in the Mediterranean and Caribbean, at a fraction of the price.The Phuket condo market has expanded since the 1990’s...Read More
A representative office according to Wikipedia is an office established by a company to carry out marketing and other non-transactional operations, generally in a foreign country where a branch office or subsidiary is not warranted. Representative offices are generally easier to establish than a branch or subsidiary, as they are not used for actual “business”...Read More
