Title Deeds in Thailand
Title Deeds in Thailand. In Thailand, the system of land ownership and property rights is governed by a well-defined legal framework, with title deeds serving as the cornerstone of property ownership. Title deeds, known as “Chanote” in Thai, are legal documents that certify ownership of land or property and provide critical information about its location, […]
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? […]
Intellectual Property in Thailand
Intellectual Property in Thailand is a critical aspect of the business and creative landscape. The Thai government has made significant strides in aligning its IP laws with international standards to protect creators, inventors, and businesses. This comprehensive guide explores the various types of intellectual property recognized in Thailand, the legal framework governing IP rights, the […]
Buying Property in Thailand
Thailand has long been a popular destination for foreigners seeking to invest in property, whether for vacation homes, retirement, or business purposes. The country offers a variety of real estate options, from bustling city condos in Bangkok to serene beachfront villas in Phuket. However, purchasing property in Thailand involves navigating a complex legal landscape, especially […]
Usufruct in Thailand
Usufruct in Thailand. For those interested in enjoying a property in Thailand but unable to own land directly, the concept of usufruct offers a compelling alternative. This article explores usufruct in Thailand, its benefits, and the key points to consider. What is Usufruct? In Thai law, usufruct, known as “Sidhi-kep-kin,” grants a person (the usufructuary) […]
Contract Review in Thailand
Contract Review in Thailand. Contracts serve as the backbone of business relationships, providing a framework for expectations, responsibilities, and legal obligations. In Thailand, like in any jurisdiction, it’s crucial to approach contract review with diligence and understanding of local laws. This article offers a comprehensive guide to contract review in Thailand, covering its significance, key […]
Title Search in Thailand
Title Search in Thailand. Investing in real estate is a significant undertaking, and ensuring the legitimacy of property ownership is paramount. In Thailand, conducting a thorough title search is a crucial step in the real estate transaction process. This article delves into the importance of title searches in Thailand, the legal framework surrounding property titles, […]
Leasehold in Thailand
Leasehold in Thailand. Investing in real estate is an attractive option for many individuals and businesses looking to expand their portfolios or establish a presence in international markets. Thailand, with its thriving economy, stunning landscapes, and vibrant culture, has become a popular destination for real estate investment. While foreigners are generally restricted from owning land […]
Property Due Diligence in Thailand
Property due diligence in Thailand typically involves comprehensive research and investigation to assess the legal, financial, and physical aspects of a property. While the specific requirements may vary based on the property type and location, here are some popular areas of focus during property due diligence in Thailand: Title Deed Verification: Confirm the legitimacy and […]