Property Due Diligence in Thailand
Property Due Diligence is the process of verifying a property’s legal owner. It also checks that the property has no hidden liens or mortgages. This process involves a search at the local Land Office, which maintains comprehensive records of all registered encumbrances. It is essential to check these documents before making a purchase. These include […]
Sales Contract Review in Thailand
A Sales Contract Review in Thailand is an important legal procedure that safeguards buyers, reduces liability, and prevents misunderstandings. This comprehensive guide explores the process and its key considerations. A lawyer can review the contract to check for legal ambiguity and hidden clauses that could lead to legal disputes. They can also help buyers decide […]
Property Title Transfer in Thailand
Purchasing property in Thailand is a serious investment for locals and foreigners alike. Conducting proper due diligence, ensuring taxes and fees are paid, and seeking legal assistance is key to safeguarding your investment. Title transfer is one of the most important steps in establishing a legal owner of land or property. It’s essential to understand […]
Buying Property in Thailand – Different Types of Property
Buying property in Thailand is a dream for many, but can foreigners really own property in the country? The answer is yes, and there are several ways to do so. The options range from purchasing a condo to setting up a Thai company. Buying property abroad requires careful planning and consideration. Wise can provide specialist […]
Intellectual Property in Thailand
Protecting intellectual property rights is a crucial component of any business in Thailand. With strong enforcement and registration processes, companies can mitigate infringement risks and maximize commercial potential. This legal guide covers the different categories of Intellectual Property in Thailand, including patents, copyrights and trademarks. It also details the process for protecting your IP in […]
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? […]
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) […]
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, […]