When purchasing an off-plan condominium unit from a developer, the buyer initially has the right to assign their rights and obligations under the contract (Assignment) to a third party. This is stipulated in the Standard Condominium Sale and Purchase Agreement approved by the Ministry of Interior of Thailand. For many investors, assignment is a key …
We have previously explained that taxation on the sale of leasehold property differs significantly from freehold. In practice, this often comes as a surprise to property owners. What taxes are paid at the time of registration? When registering a leasehold assignment with the Land Department, the parties pay only 1.1% of the transaction value: For …
Using software development as an example Obtaining BOI promotion is not just about submitting an application — it is a comprehensive process of aligning a business with government requirements. Let’s break down how we would approach it. Step 1. Define the Business Category First, we would review the Eligible Activities for Promotion by Business Categories …
Foreigners in Thailand often ask: is it possible to open a company with 100% foreign ownership without Thai partners? Such an option does exist, but in practice, it is not that simple — each pathway comes with its own limitations. What options are available? Foreigners can consider several ways to operate a business in Thailand …
Is It Realistic to Obtain a Foreign Business License (FBL)? Read More »
1. Visa-free entry Citizens of a number of countries, including Russia, Ukraine, and most EU countries, can enter Thailand without a visa for up to 30 days. During the tourist season, the stay may sometimes be extended to 45 or 60 days. The conditions for visa-free entry include a return ticket, a valid passport (with …
Which visa should you choose for vacation, living, and working in Thailand? Read More »
Currently, it is the season for filing the mid-year personal income tax return (PND94). At this stage, approximately half of the projected annual tax is paid. At the same time, it is still possible to influence the tax burden — both upwards and downwards. Let’s review a real example from our practice involving a married …
For a longer stay, a Tourist Visa (TR Visa) is issued for 60 days with the possibility of extending it for an additional 30 days at the Immigration Office. Duration of stay and extension Advantages of a TR Visa compared to Visa on Arrival Documents required for a TR Visa Applications are submitted to a …
Following our previous article about the potential extension of property holding rights under the Sap Ing Sith (SIS) model from 30 to 99 years, many have asked: what exactly is this legal structure and how does it work? What is Sap Ing Sith? Sap Ing Sith (SIS) is a form of property right introduced in …
99-Year Land Use Rights The possibility of extending the maximum property holding period from 30 to 99 years has been discussed for over a year, and initially, it seemed rather unlikely. However, at present, these plans appear increasingly realistic. First, the discussion is not about extending lease agreements, but rather about extending Sap Ing Sith …
Any foreigner intending to work in Thailand — whether paid or unpaid — must obtain an official work permit before starting employment.A work permit can only be issued after obtaining a Non-Immigrant B visa (Non-B). Conditions and requirements To obtain a work permit, the employer company must meet the following criteria: Since April 21, 2020, …
