When preparing to register a company, one of the most common questions is how long the entire process of company registration and obtaining a Work Permit (WP) may take. Below is an approximate timeline for registration, taking into account the search for an office and Thai employees, with the final stage being the extension of …
How Long the Company Registration and Work Permit Process May Take Read More »
If you remain in Thailand continuously for more than 90 days, once this period has expired, and every 90 days thereafter, you must submit a notification to the Immigration Office using Form TM47. What happens if the report is overdue. The penalty for failure to comply with this requirement is usually THB 2,000, but it …
1. Does InvestEast provide a temporary company address until the registration process is completed. Before an office lease agreement is signed, our office may be used as a temporary address. Having your own office is mandatory by the time an annual business visa is obtained for a foreign employee. 2. What requirements apply to the …
Company Office: Answers to Frequently Asked Questions Read More »
Before entering into a sale and purchase transaction for a condominium unit, it is necessary to verify the title documents, the appraised cadastral value of the property, and the amount of taxes and fees payable upon registration of the transaction. Taxes and fees are calculated based on whichever amount is higher: the appraised value or …
99% of wills are drafted immediately after purchasing a condominium. Is it necessary to make a will if You do not own real estate in Thailand? Firstly, a will can include not only real estate but also other assets, including cars, motorcycles, funds in bank accounts, and more. Secondly, real estate (other than condominium units) …
Why may the total rate of taxes and fees vary upon transfer of ownership. The rates of transfer fee, Specific Business Tax, stamp duty, and withholding tax (where the seller is a legal entity) are established as a percentage of the property value. If the seller is an individual, the withholding tax is calculated using …
Purchasing a Condominium Unit: Calculation of Withholding Tax Read More »
Different visa categories are available for different purposes of entry into Thailand. Below is an overview of the most common categories, with explanations and important points to consider in advance (as of 2018). Tourist Visa or Visa Exemption Stamp. Suitable for short trips, such as a two-week holiday, a one to two month vacation, or …
The general meeting of co-owners is a key management tool for a condominium in Thailand. Important decisions are made there, governing bodies are elected, and financial documents are approved. The procedure for holding such meetings is established by the Condominium Act and is binding on all participants. Who convenes the meeting and when. The first …
How to Convene a General Meeting of Condominium Co-Owners Read More »
A company director in Thailand bears serious responsibility before the state, including potential criminal liability. This is often overlooked by directors of “dormant” companies registered solely for holding real estate. Even where the company has no active business operations, the director’s duties include: Failure to fulfill these obligations may result in fines and other penalties. …
Purchasing an apartment during the construction stage is common practice in Thailand. However, even when signing an official contract with a developer, it is important to remember that failure to follow the payment schedule may result in losing the apartment and suffering financial losses. Let us review the buyer’s obligations and the circumstances in which …
How Not to Lose Your Apartment When Buying from a Developer Read More »
