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:
In a move that further strengthens its position as a leading developer of urban condominiums with space optimization expertise, AP (Thailand) PLC has formally entered into a partnership with Mitsubishi Estate Group, Japan?s largest real estate dev...
Mr. Apisit Chuenchompoo, President of Thailand Privilege Card Co., Ltd (TPC) ? the operator of ?Thailand Privilege Card (Elite Card)? project, today announced that the company is currently developing a project to boost investment in Thailand?s rea...
BANGKOK - Political unrest and an over-supplied US$20 billion (S$25.3 billion) real estate market in Thailand are the latest challenges threatening developers who are cancelling new launches in the hopes of staving off a bubble. New project launch...
While interest from investors has cooled due to the rise of interest rates and home prices, foreign buyers are still in the market for homes, especially in the Bay Area.
News Property Thailand:
By Sathish Govind KUALA LUMPUR: Century Logistics Holdings Bhd has sold a property in Thailand for 320 million baht or RM32 million to repay ...
Singapore property buyers and investors have been dragged into the ongoing political tensions in Thailand following an announcement on Wednesday by the leader of the People's Democratic Reform Committee (PDRC) to withdraw investments from companie...
Property consultancy firm CBRE Thailand recently received two prestigious awards including recognition as the World?s Best Property Consultancy Marketing at the International Property Awards and a Silver award for the Online Advertising and Market...
KUALA LUMPUR (March 05): Century Logistics Holdings Bhd's (Century) unit, Century Resources (Thailand) Ltd, has proposed to dispose of a...