Foreign Business Act
The Foreign Business Act (FBA) B.E. 2542 (1999) is the primary law regulating foreign business operations in Thailand. The FBA outlines the types of businesses foreigners can and cannot engage in, aiming to protect Thai enterprises while allowing foreign investment under controlled conditions. 1. Objectives of the FBA The FBA seeks to: Protect Thai businesses […]
Property Taxes in Thailand
Property taxes in Thailand encompass various obligations for property owners, buyers, and sellers. These taxes are governed by Thai laws such as the Land and Building Tax Act B.E. 2562 (2019) and the Revenue Code, ensuring contributions to local and national revenue while regulating the real estate market. 1. Types of Property Taxes 1.1 Land […]
Escrow Accounts in Thailand
Escrow accounts in Thailand provide a secure and transparent financial arrangement, often used in real estate and large-scale business transactions. By involving a neutral third party, escrow accounts ensure that funds or assets are held until all contractual obligations are met, safeguarding the interests of both buyers and sellers. 1. What is an Escrow Account? […]
Thailand Permanent Residency Visa
The Thailand Permanent Residency Visa is an attractive option for long-term residents who wish to reside in Thailand without frequent visa renewals. This status, managed by the Thai Immigration Bureau, allows holders to enjoy indefinite residency, access local services, and provides a pathway toward Thai citizenship after holding PR for a decade. The visa, which […]
Thailand SMART Visa
Thailand Smart Visa is a specialized visa designed to attract highly skilled professionals, investors, executives, and startup entrepreneurs in specific industries. The visa offers streamlined processes, including work permit exemptions, extended stay privileges, and multiple-entry benefits. This program, launched in 2018, aims to support Thailand’s transition into a tech-driven economy by encouraging the development of […]
Thai Business Partnerships
Thai Business Partnerships. Thailand, with its strategic location, growing economy, and vibrant culture, has become an attractive destination for foreign investors. Forming a business partnership with Thai entities can offer numerous advantages, such as market access, local expertise, and regulatory compliance. However, navigating the complexities of Thai business culture and legal frameworks requires careful consideration. […]
Tort Cases in Thailand
Tort Cases in Thailand. Thailand’s legal landscape, influenced by a blend of civil law and customary practices, presents a unique framework for tort cases. While the concept of torts is broadly similar to Western legal systems, specific nuances and challenges exist. Understanding Tort Law in Thailand A tort, or “wrongful act” as it’s often termed […]
US-Thailand Treaty of Amity
US-Thailand Treaty of Amity. The Treaty of Amity and Economic Relations, or simply the Amity Treaty, has been a cornerstone of economic ties between the United States and Thailand for over half a century. Signed in 1966, the treaty grants specific benefits to American businesses operating in Thailand. Special Rights for US Businesses The key […]
Thailand Elite Visa for Digital Nomads
Overview of the Thailand Elite Visa Program The Thailand Elite Visa Program, also known as the Thailand Privilege Card, is a long-term visa initiative launched by the Thai government to attract affluent foreigners, businesspeople, investors, and retirees. This program offers a range of exclusive benefits and privileges, providing an attractive option for digital nomads seeking […]
Marriage Visa in Thailand
Marriage Visa in Thailand. For many foreigners, love leads them to the Land of Smiles. If you’ve tied the knot with a Thai citizen and wish to reside in Thailand long-term, the marriage visa is your gateway. This article unpacks the requirements, process, and benefits of obtaining a Thai marriage visa. Eligibility for the Marriage […]