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The world that existed before the pandemic is gradually regaining familiar shape, with essential institutions and routes reopening. Yesterday, the Russian Ministry of Foreign Affairs resumed acceptance of powers of attorney from Russian citizens for legalization for further use abroad. This important update primarily concerns those who wish to buy or sell real estate in …

Power of Attorney for Real Estate Purchase and Sale in Thailand Read More »

On July 31, 2020, the visa amnesty comes to an end. The chances of it being extended are decreasing every day. However, there is still no official information on what will happen to foreigners in Thailand after the amnesty ends. Possible scenarios include permission to stay upon obtaining a letter from a consulate, paid extensions …

Life After the Amnesty Read More »

Last year, the Law “On Amendments to the Tax Code” (No. 48) came into force, which affects private individuals who regularly receive funds into their bank accounts in Thailand. Banks are required to report all annual transactions on personal accounts to the Revenue Department in the following cases: — If the number of incoming transactions …

Tax Reporting on Bank Accounts Read More »

Since June 30, Thailand has introduced certain relaxations to the legislation on mandatory registration of foreigners at their place of stay. As a reminder, the TM30 regulation has been in effect since 1979 and requires property owners renting out accommodation, as well as hotel managers, to register all foreign nationals with the Immigration Bureau within …

Updates to Foreigners’ Registration Rules (TM30) Read More »

Corporate trainings are events with the highest effectiveness and results. Many thanks to the team of Suvarna Real Estate Co. Ltd. for their trust and cooperation!

An open training session for real estate agents in Phuket. We would like to thank all participants for their active involvement in the discussion and for their interesting questions.

Since June 20, 2020, foreigners in Thailand are allowed to work as salespersons in shops, provided they meet specific requirements set by the Ministry of Labour. Employee requirements: In the first case, before starting work, the work permit must be updated with the relevant details: employer, workplace, and job position. In the second case, the …

Hiring Foreigners as Salespersons — Legal Update Read More »

Under conditions of widespread quarantine, purchasing real estate on the secondary market has become more complicated. To register a transaction at the Land Department, either the buyer and seller must be personally present—which is not always possible at the moment—or a power of attorney is required. If both parties have been abroad for a long …

Resale of a Developer Contract Read More »

The purchase of condominium units from a developer with subsequent guaranteed rental income is a very common practice, especially in Phuket. Many property owners hand their units over to management companies and regularly receive income either as a fixed guaranteed amount or as a percentage of rental revenue generated by the management company. This raises …

Guaranteed Rental and Force Majeure Read More »

Everyone living in Thailand or planning a long-term stay eventually faces the issue of insurance. At a minimum, this includes health and accident insurance, since medical treatment in Thailand is quite expensive, and a hospital visit without insurance can result in a significant bill. However, many people forget that it is important to insure not …

Property Insurance Read More »