investeast

The Contract Committee of the Consumer Protection Board issued a Notification prescribing residential property leasing as a business with controlled contracts. The Notification was published in the Government Gazette on February 16, 2018. As a result, residential lease agreements are considered controlled contracts from May 1, 2018. First, the Notification defines a “business of leasing …

Lease Agreements in Thailand Subject to Regulation from May 1, 2018 Read More »

We draw the attention of anyone planning to come to Thailand to purchase a condominium unit: opening a bank account based on a 30-day entry stamp is currently technically impossible. According to Section 19 ter (5) of the Condominium Act of Thailand, B.E. 2522 (1979), when transferring ownership of a condominium unit, the buyer must …

Nuances of Opening Bank Accounts in Thailand Read More »

There is a common belief that a child does not need a visa. Is that really the case? To begin with, every foreigner visiting Thailand must obtain a visa in accordance with the purpose of their visit (or receive an entry stamp) and leave the country before the permitted period expires. If a child enters …

Children’s Visa Issue in Thailand Read More »

As discussed in the previous article, a foreigner must obtain a work permit in order to perform any work in Thailand—whether paid or unpaid, permanent or temporary. Urgent (Temporary) Work Permit An urgent work permit is issued to foreign experts or consultants to carry out a specific task for a period of no more than …

Employment of Foreigners. Part 2 Read More »

Let’s be honest—Thailand is not the easiest country for employing foreigners from a legal standpoint. Not every company can afford the “luxury” of hiring a foreign employee. In addition to restrictions on professions, workplace location, and minimum salary requirements, there are several conditions that must be met in order to legally employ a foreigner. However, …

Employment of Foreigners in Thailand Read More »

On December 7, 2017, the Investeast agency held the first event of the season — a seminar titled “Business Ideas for Thailand.” The seminar took place in a productive and welcoming atmosphere, with more than 30 guests in attendance, including both experienced professionals and aspiring entrepreneurs. The event was divided into several parts: a legal …

Seminar “Business Ideas for Thailand” Read More »

Visas in Thailand have always raised many questions—what type to choose to minimize hassle while maximizing the duration of stay. The answer, however, is simple: you need a visa that fully matches the purpose of your stay and will not raise concerns from the immigration authorities. A two-week trip, a long vacation for one or …

Visa Issues in Thailand Read More »

Investments in Property with Guaranteed Rental Income Offers to purchase real estate—typically in new developments—with guaranteed rental returns (usually 7–10% per annum) are becoming increasingly popular. A 10% annual return is considered very high for Thailand and is difficult to achieve independently or through an agency. Is there a catch, and what does it involve? …

Real Estate Investment in Thailand: Types, Advantages and Disadvantages. Part 2 Read More »

Buying a Condominium as a Real Estate Investment Real estate in Thailand is a primary area of activity for investors of all nationalities and investment sizes. What makes resort property so attractive? There are two main factors influencing the decision to purchase a condominium: first, the opportunity to spend holidays in Thailand in your own …

Real Estate Investment in Thailand: Types, Advantages and Disadvantages. Part 1 Read More »

The Thai government has decided to maintain the value-added tax (VAT) rate at 7% for another year. This regulation will remain in effect until September 29, 2018. For reference, VAT was introduced in Thailand in 1992 at a rate of 10%, but was later reduced to 7% at the request of the business community and …

VAT Rate Maintained Read More »