Property Taxes in Thailand

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

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

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

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

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 […]

Property Title Transfer in Thailand

Property Title Transfer is the process of transferring the ownership of a piece of land from one party to another. The name of the owner is registered at the Land Office and a new title deed is issued for the property. In Thailand, there are several ways to acquire a piece of land and a […]