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 …
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 …
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 …
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, …
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 …
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 …
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 …
Yesterday, an event organized by the Board of Investment (BOI) took place, where Prime Minister Prayut Chan-o-cha delivered a speech. During his address, he encouraged both local and foreign investors to invest more actively in targeted sectors of the economy. In turn, the government is developing a range of measures aimed at supporting and incentivizing …
