A loan agreement for an amount exceeding 2,000 THB must be concluded in simple written form and signed by two witnesses. The maximum interest rate under a loan agreement is 15 percent. If interest is stipulated but the rate is not specified, a standard rate of 7.5 percent applies. If no interest is stipulated at …
We are starting a series of articles about contracts in Thailand. We will discuss their types and features, and also try to understand whether it is necessary to sign a contract when entering into various legal relationships. We begin with the common and well-known lease agreement. It is relevant for all foreigners who own property …
Registering a business in Thailand requires a careful approach and proper preparation. To ensure the process goes smoothly without delays, it is important to address key organizational issues in advance. Define the business activities.The first thing to decide is what your company will do. Will it have one or several types of activities. Will special …
The widely discussed news about stricter rules for obtaining retirement visas has concerned foreign nationals of retirement age (50+). In Pattaya, the immigration office has not yet been able to clarify how the new procedures will be implemented after the changes come into force on March 1, 2019. We remind you that under the new …
Changes in the Procedure for Obtaining a Retirement Visa Read More »
You have established a company and now it is time to hire Thai and foreign employees. What should you keep in mind when employing staff. An employment contract is not required to be in written form. Registration of the employee with the Social Security Fund is sufficient. An employment contract is considered indefinite unless otherwise …
What Should Be Considered When Concluding an Employment Contract Read More »
Regardless of whether a will has been made or not, inheritance in Thailand can only be obtained through a court procedure. If no will has been made, in addition to the death certificate, the court must be provided with powers of attorney from all heirs authorizing one person to handle the case, or letters of …
If you are planning investment activity, you can obtain these and many other benefits from the Board of Investment (BOI). The BOI is a government agency that supports foreign investors by offering numerous privileges and advantages, provided that the investment activity meets certain requirements. The number and types of incentives depend on the type of …
We receive a large number of requests and questions related to obtaining Thailand Elite visas and have recorded a webinar on this topic for you. Over the past few years, Thailand Elite visas have proven themselves as the most reliable way to live comfortably in Thailand without being a retiree or running a business in …
Webinar “How to Solve Your Visa Issues with Thailand Elite” Read More »
Online trading and the provision of services are rapidly growing in Thailand. Selling online is easy, and accepting payments is even easier, with more payment methods appearing every year. However, it is important not to forget the legal requirements in Thailand regarding online business activities. Before launching your project, it is necessary to obtain a …
The Board of Investment (BOI) has announced new conditions for the Smart Visa program for foreign experts. As a reminder, the Smart Visa program was launched in February with the aim of attracting highly qualified professionals to work and invest in target industries within the Eastern Economic Corridor (EEC). On November 6, 2018, the Cabinet …
Smart Visa for Foreign Specialists: New Conditions Read More »
