PHUKET: The Chief of the Phuket Immigration Office, Col Kathathorn Kumthieng, has confirmed that all foreigners registered as living in Phuket must re-report their address to immigration after being registered as staying in a hotel within Thailand, even for just one night. The confirmation follows complaints from long-term expats that
The Thai government hopes a move to spark a shopping spree by offering tax breaks and cash handouts at the end of the year will improve economic stimulus in the fourth quarter. The cabinet approved a tax break for shopping spending or spending on services during the festive season between
IN THE PAST DECADE, Thai properties marketed overseas were either projects in prime downtown Bangkok or properties in top resort destinations such as Phuket. Nowadays, visitors and investors are becoming more familiar with other non-prime locations in Bangkok through information from social media and digital communications. New condominium property prices
The Condominium Act of 1979 is restrictive of foreign ownership of condominiums in Thailand, but generally allows it for foreigners who permanent residents, or those who have entered the country on an investment promotion visa, or for those who have fulfilled certain requirements related to the transfer or withdrawal of
Hillside and cliffside developments in the Thai island require careful planning Developers who want to build on vantage points, promontories, and other plots of significant terrain in Phuket will need to contend with the government’s new environmental regulations for the touristy Thai island, a leading hospitality consultant said. Under rules issued
A land trust is a pass-through entity that becomes the owner of a specific property. For this exercise we will only discuss the ownership of real property, specifically real estate. These documents are much hated by Realtors, lawyers, lenders and municipal governments to mention a few, but loved by real
Bangkok, Thailand (CNN) A Thai political party has nominated the King’s sister as its candidate for prime minister in March elections — an unprecedented move that could upend the political landscape and give the revered monarchy an overt role in politics. Bangkok, Thailand (CNN) Thailand’s king has strongly criticized his sister’s
Thailand goes outbound. Thai investments abroad, also known as “Outward Foreign Direct Investments (OFDI),” have come in the focus while the domestic industry lags behind the stated targets. However, Thai-foreign business project registration clearance papers and requirements should be carefully observed. Not only Thailand’s well-known public companies act as a
THAILAND has been ranked 34th in the Global Real Estate Transparency Index (GRETI) 2018 put out by property consultancy firm JLL. The result in the newly released biannual represents a marked improvement from the 2016 edition of the index, when the country was ranked 38th. Compared with the other six
Setting Up Company Partnerships under Thai Law Siam Legal International | October 10, 2016 | Business in Thailand, Civil and Commercial Law, Company Law, Company Registration The Civil and Commercial Code of Thailand provides for the formation of partnerships as is found in the laws of other countries. However, partnerships
All eyes on the Andaman as the nation’s second-highest office issues directive on the ‘Riviera’ The coast of mainland Thailand facing the Andaman Sea has got the shorter end of the tourism stick, compared with its eastern counterpart. Addressing this imbalance, the Tourism and Sports Ministry will be proposing the Riviera
As the advance of transit systems gives rise to suburban bed towns in Southeast Asia, real state developers are quickly seizing the opportunity to supply homes to the emerging ranks of residents who commute to city centers. Near the Chatuchak subway stop about 10km north of central Bangkok, real-estate developer
BOI-efficient tax structuring The Thailand Board of Investment is the governmental agency to promote foreign direct investments in Thailand. Key benefits of a BOI promotion are (i) the Foreign Business License to do business in Thailand with up to 100% foreign shareholders, (ii) the right to acquire legal ownership in
PricewaterhouseCoopers, one of the world’s largest professional-services firms, just released its predictions for the most powerful economies in the world by 2030. The report, titled “The long view: how will the global economic order change by 2050?” ranked 32 countries by their projected global gross domestic product by purchasing power
With the Thailand 4.0 blueprint becoming a key driver of evolution towards a value economy, Thailand is set to become a centre of innovation and technology in South East Asia. Alibaba has recently announced their strategic partnership with the Thai government in support of Thailand 4.0, which will bolster developments
Shareholder meetings play an important role in the governance of Thai limited companies since the Civil and Commercial Code require that limited companies be managed by the directors under the control of meetings of the shareholders (called “general meetings” in the Code). The primary instrument used by the general meetings
Non-beach-related activities hold their own in the popular Thai resort hub amid improving air linkages Phuket is transforming into a more well-rounded destination as a preponderance of visitors takes advantage of the Thai resort island’s expanding air transport infrastructure. Tourists as well as property seekers are finding new purpose in the
SET-listed property developer Land and Houses Plc (LH) plans to spend 14 billion baht to build Terminal 21 shopping centres in Pattaya and Phuket. The investment value of the two shopping malls is estimated at 7 billion baht each, compared with the 3-billion-baht price tag of the first Terminal 21
Tax exemptions and other incentives are set to spearhead Thailand’s efforts to boost foreign direct investment (FDI) in targeted areas of the economy. The initiatives form part of a broader range of incentives and reforms aimed at increasing capital inflows into Thailand, with a particular focus on tapping investment for
With the island’s real estate market staying strong, some owners could be thinking of selling their property. If so, here are some tips for making this move. Establishing a Price Consider what you paid for the property, how long you have lived there, what similar properties have sold for, any
An expanded product range aimed at broadening the client base alongside plans to target new markets are part of Thailand’s campaign to shore up its medical tourism industry, which is coming under pressure from increased competition and weaker economic performance in key source countries. In early September the Ministry of
GUANGZHAO: China and Thailand are reported to have inked a memorandum of understanding on the construction of a canal that would cut through peninsular Thailand, linking the South China Sea with the Andaman Sea. Once completed, the ‘Kra Canal’ would offer an alternative sea link between Asia with the Middle
THAILAND: Thailand’s new six-month, multiple-entry tourist visas will become available Nov 13, but will limit stays to 60 days at a time. New Visa The six-month multiple-entry visa will allow unlimited border crossings during the validity period. However, to prevent foreigners from basically living in Thailand on tourist visas, each
An initiative driven by Thailand to develop closer financial integration and cooperation among Greater Mekong Sub-region (GMS) countries could bolster Bangkok’s position as a capital markets and banking centre. Thailand’s campaign to strengthen fiscal and economic ties with its near neighbours reached a new level in June, with the hosting
