We would like to highlight a unique law in Thailand which, under certain circumstances, can become a safeguard in disputes with an unfair seller, landlord, or service provider. What does the law regulate? This law protects the rights of the party in a weaker bargaining position due to differences in social status, financial standing, lack …
Unfair Contract Terms Act: When Can a Contract Be Revised? Read More »
In light of recent developments, it is important to revisit the issue of Thai shareholders. Although the events of May–June 2024 may have faded from attention, that period marked the beginning of active inspections of companies in Phuket, later extending to Samui and Phangan. Regulatory focus may now shift to Pattaya, where properties in the …
What Risks Does a Foreigner Face If a Thai Shareholder Is Nominal? Read More »
Thailand is the only country in Southeast Asia where foreigners are allowed to own real estate. This applies specifically to condominium units — a well-known fact. However, in practice, foreigners may also own a building without the land. Those planning to purchase a condominium unit in the Thai quota or a villa should carefully consider …
Property Purchase: Risks from Minimal to Maximum Read More »
What should be done?For companies whose financial year ends on December 31, now is the optimal time to: Below is a short checklist of what should be completed in the next two months. 1. Collect all Withholding Tax certificates Gather Withholding Tax (WHT) certificates from companies that paid for your services during the year. This …
If you are employed in Thailand — especially as a foreign specialist — it is important to ensure that your employment complies with current legislation. Below is a checklist to quickly verify basic compliance requirements. 1. Work Permit and Visa 2. Place of Work Business trips for work purposes are allowed. However: 3. Position and …
Let’s address one of the most sensitive topics — employee termination. Most conflicts between employers and employees arise at this stage. To avoid disputes, it is important to:– clearly define rights and obligations in internal policies in advance– comply with labor law requirements Important: Internal documents cannot limit employee rights established by law. In case …
How to Terminate an Employee in Thailand: What Employers Need to Know Read More »
Obtaining a Tax Identification Number (Tax ID) is a mandatory requirement for paying taxes in Thailand. Depending on your income category and tax status, a Tax ID may be assigned automatically or require самостоятельного оформления. Who receives a Tax ID automatically Foreigners with a Work PermitIf you have a Work Permit in Thailand, a Tax …
Tax ID in Thailand: Who Needs It and When to Obtain It Read More »
A foreign company — for the purpose of acquiring property in Thailand — is treated as a foreign entity. Nevertheless, registering property under a legal entity may provide certain advantages, especially when it comes to future disposal of the asset. What rights can a foreign company obtain? A foreign company can act as a party …
Buying Property Through a Foreign Company: Features, Risks, and Advantages Read More »
As part of its tourism stimulus program and efforts to attract long-term visitors, Thailand has announced a new visa — the Destination Thailand Visa (DTV). While the full conditions have not yet been officially published, preliminary information is already available. Who is the DTV visa for? Key features of the visa Family inclusion Family members …
New Destination Thailand Visa (DTV): What We Know So Far Read More »
Investors in Thailand are not only constrained by legal restrictions — they are also being actively encouraged. Even if through relatively straightforward measures. What changes are being proposed? At this stage, these are announced intentions, and the regulatory framework is still under development. However, if these changes come into force, several logical questions arise. What …
Plans to Attract Investors: 99-Year Lease and 75% Foreign Quota Read More »
