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Property Law
Foreign Ownership of Real Estate in Thailand
Thailand is one of the most beautiful countries in Asia to live in. There are many islands and resorts there that can blow your mind and take your breath away. Moreover, the Bangkok area is experiencing many improvements and developments, particularly the development of the MRT and BTS systems around the area. This means that...
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The Thailand Revenue Code (Tax Law) spells out the terms of taxation imposed to businesses, individuals and properties in accordance with the provisions of Thailand Laws. Chapter 4 of said Revenue Code or Tax Law specifies the stipulations on Value Added Tax. Value Added Tax or VAT is an assessment tax which applies to all...
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Are you a foreigner who wants to buy a property in Thailand? While Thailand is known to be openly encouraging and inviting foreign nationals to consider retirement in their country, their restrictive land laws seem to be discouraging legitimate and qualified retirees from other countries from taking the offer.
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In general, the property laws and regulations of Thailand are patterned after the western countries in much the same way that the Thailand Civil Code is based on the mainland European civil law system. Thai property laws are in effect considered western. Ownership of land in Thailand is governed by the Land Code BE 2497...
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