Read this now don't get caught
Foreigners in Thailand should study leaseholds
Though leasehold remains an option for foreign buyers wanting to own a residential unit, there are some pitfalls they should avoid when making contracts.
Opening a Bar or Restaurant in ThailandThe conventional wisdom floating around is that if a foreign owner doesn’t go into the kitchen during opening hours, he or she can run the restaurant without a work permit. Wrong
LEGAL PROBLEMS of home ownership in Thailand
Buying real estate | Selling real estate
Buying Selling a Condominium
Buying Selling a Condominium
Property TaxationThere are two different types of Tax levied on property in Thailand and they are called: Land Tax and Structures Usage Tax
Land Taxis a very small tax levied on land ownership equivalent to just a few Baht per Rai every year.
Structures Usage Taxis applicable at the rate of 12.5% on the actual (or assessed) gross rental value of the property.
Lesseesare not subject to this tax but may be required by the real estate developer to pay an annual ground rent instead.
How to Pay for propertyIf you are purchasing property in Thailand and you want to pay in Thai Baht ensure that your funds are transferred into Thailand in foreign currency and converted to Thai Baht here.
The reason for this is that the receiving bank will issue the relevant exchange control form ( formally the Thor Tor 3 form ) confirming the transaction.
The relevance of the exchange control form is that it is one of the documents you will need in the future if you wish to repatriate funds without incurring tax (15%)
Chiang Mai Thailand
Mobile: 66 8902 99084
News Real Estate Thailand:
BANGKOK, Dec. 9, 2014 /PRNewswire/ -- Siam Piwat Co.,Ltd, Thailand's innovative retail business and real estate development leader, owner of Siam Center, Siam Paragon, Siam Discovery, and Paradise Park shopping centers, and joint-owner of megaproj...
By Alisa Tang THUNG WA, Thailand (Thomson Reuters Foundation) - After the tsunami pounded Thailand?s Andaman Sea coast a decade ago, the ethnic Moklen fishing communities that have lived here for generations buried their dead, fought off land grab...
The region?s leading figures in real estate, architecture and design came together on 16 October to celebrate the Winners and Highly Commended at the fourth annual South East Asia Property Awards 2014.
One year into the joint venture with Japanese real-estate company Mitsubishi Estate Group, AP (Thailand) has been learning about its partner's construction and design-quality philosophy for residential projects under the "Five Eyes" concept.
News Property Thailand:
Thailand faces the worst drug situation among all Asean nations and efforts to rehabilitate addicts have failed, Justice Minister Paiboon Khumchaya has said. The Bangkok Post quoted him as saying ...
Thai Justice Minister Paiboon Khumchaya has said that the country has the worst drug situation among all ASEAN members. He said the drug situation in Thailand is more serious than previously thought ...
Global Corporate Ratings Analytics Quarterly Global corporate finance ratings downgrade to upgrade rate in third quarter-2014 was a moderate 1.1 to 1. The relative calm during the quarter ...
Helping executives at midsize firms address people risks, such as benefits, workers comp and professional liability; property and liability risks, including insurance and loss control; and ...