INTERNATIONAL LAW OFFICE PHUKET - NEWS & UPDATES

  Thailand Law Updates

Thailand buyers should beware of currency exchange pitfalls update Aug 23

Many foreigners who have decided to buy a residential property in Thailand are required to use funds which are held in a foreign currency account in their home country.....

New 1 year Immigration law update Jan 09

In response to the orders announced by the Royal Thai Police no.543/2549 dated 15th day of August, B.E. 2549, and no. 56/2551 dated 21st day of January....

Alien Working Act, B.E.2551

His Majesty King Bhumibol Adulyadej has been graciously pleased to proclaim that:
Whereas it is expedient to have the Law Governing Alien Working. This Act contains the provisions in relation to the restriction of rights and liberties of persons....

Labor Protection Act, B.E.2551 (No.2)

This Act contains the provisions in relation to the restriction of rights and liberties of persons, in respect of which Section 29, in conjunction with Section 41 and Section 43 of the Constitution of the Kingdom of Thailand so permit by virtue of law

Labor Protection Act, B.E.2551 (No.3)

This Act contains the provisions in relation to the restriction of rights and liberties of persons, in respect of which Section 29, in conjunction with Section 43 of the Constitution of the Kingdom of Thailand so permit by virtue of law....

Nationality Act, B.E.2551

His Majesty King Bhumibol Adulyadej has been graciously pleased to proclaim that:
Whereas it is expedient to revise the Law Governing Nationality. Be it, therefore, enacted an Act by the King, by and with the advice and consent of National Legislative Assembly....

Business Commercial Registration Act 1952

An ordinary individual or group (ordinary partnership) or any juristic person including any juristic person that is established under other countries' laws and that sets its branch(es) in Thailand ....

According Commercial Registration Act 2499

Person who have duties for commercial registration is any individuals or group of individuals (ordinary partnership) or juristic person, including ....

Land Code Amendment Act (NO. 11) B.E. 2551 (2008)

This Act contains certain provisions in relation to the restriction of right and liberty of person, in respect of which section 29 in conjunction with section 41 of the Constitution of the Kingdom of Thailand so permit by virtue of law ....

  Phuket Gazette - Our legal column:

10 Tips to Acquiring Thai Property

Introduction : Separating emotional excitement from the need to impartially assess the risks of an important investment when purchasing a dream home is not easy. ....

Construction Law Practice in Thailand

Seeking a perfect home may be an arduous process but the complexities in building a property in Thailand are multiplied without a solid construction contract, as many homeowners and property developers will attest. A crucial part of any good contract is cost assessment and management.

Freehold And Leasehold:

In Thailand foreigners suffer almost a total prohibition on the ownership of land. There are a few exceptions but these do not apply to the ordinary investor....

Condominium Law In Thailand Since 2008:

In a move to address numerous complaints from condominium buyers, the Thai government enacted Condominium Act No. 4 (2008) which significantly expanded the scope of consumer protection by amending several provisions of the original Condominium Act made thirty years previously....

Buyer friendly Condominium Purchase laws:

This past year major revisions to the Laws on Condominiums in Thailand have been enacted that are sure to pique the interest of all who may contemplate purchasing a Condominium Unit in the Land of Smiles....

Land Lease:

One of the most viable options for foreigners for property purchase in Thailand is a land lease. Under the current laws of Thailand a residential lease may have a maximum of 30 years term (commercial purposes up to 50 years), whereby renew options giving additional 30 years extension(s) of term are widely used in Thailand. Recent announcements....

Foreign Exchange Transaction Forms

Thailand, the Land of Smiles, has become very popular among foreigners as their location of choice for the purchase of property outside their home country. More and more foreigners are choosing to buy property in Thailand....

Fractional Ownership:

Especially in these days of global economical crisis, an investment concept like Fractional Ownership might benfit from buyers becoming more and more sensibel regarding the actual costs and the potential risks of their investment....

Last Will and Testament in Thailand:

Estate planning including preparation of a Last Will and Testament may be an unpleasant matter to think about for most people, however, of highest importance when having acquired property with considerable value in a foreign country....

Secured access – the key to your dream home

In the recent past the amendment of property laws including but not limited to the Condominium Act attracted notice of the general public and made buyers aware of a widely disregarded topic: secured access to a property....

Escrow in Thailand

Inrecent times a further safeguard not only but also for property investors was implemented in Thailand through the enactment of the Escrow Act BE 2551....

Rental Guarantee

More and more foreigners decide to purchase property in Thailand for various reasons which vary from buying a holiday home, a place for retirement or pure investment ....

Management of Property Developments

Managed property developments have become popular for property buyers as they often include useful management services such as security, gardening, pool keeping etc. which allow buyers to fully enjoy their property....

Key money – Do I have to pay this ?

When setting up a business in Thailand, you may consider to rent a property in a  prestigious location anticipating that this helps to guarantee high rate of return on your investment....

Inheritance of Lease rights

Leasing has become a popular option for foreign property buyers to acquire interest in Land or Apartment units due to legal restrictions applies to purchase of property in Thailand....

Lowering the risk of tax liabilities

Things to consider when leasing

Protected Lease Investments- same same but different

A widely used option for foreigners for property purchase in Thailand is a Land or Apartment lease. Under the current laws of Thailand a lease of residential property may have a maximum of 30 years term and legally be registered with the relevant authorities.....

Right of Habitation

The Thai Civil and Commercial Code (CCC) provides various rights which can be acquired in relation to property by both Thai and foreign person subject to restrictions particularly applying to foreign land ownership which is basically prohibited except very few excemptions.....

Do I really own my Villa? – The Construction permit may tell

Many foreign property buyers in Thailand decide to purchase a villa either in managed estate or on single plot rather than apartment or condominium as such usually do not provide circuitousness and privacy as villas do....

Foreign Currency Exchange Risk

Many of the foreigners in Thailand who have decided to buy a residential property in Thailand are required to use funds which are held in a foreign currency account in their country of origin....