Usufructs in Thailand
Usufructs in Thailand. In Thailand, a usufruct (สิทธิเก็บกิน, “Sitthi Kep Kin”) is a legal right allowing one person (the usufructuary) to use and enjoy another person’s immovable property — typically land or a house — without owning it.This right can cover residential use, commercial activities, or leasing out the property for income. Key points: The […]
Escrow Accounts in Thailand
Escrow Accounts in Thailand. In Thailand, where cross-border investments, real estate deals, and high-value transactions are common, escrow accounts serve as a critical financial tool to mitigate risk. Escrow ensures that funds are held securely by a neutral third party until all contractual conditions are met, protecting both buyers and sellers. This guide provides an in-depth analysis of […]
Foreign Business Act
Thailand’s Foreign Business Act (FBA), enacted in 1999, is a cornerstone of the country’s regulatory framework governing foreign investment and business operations. The FBA aims to protect Thai industries, promote local participation in the economy, and regulate the activities of foreign-owned businesses. For foreign investors and entrepreneurs seeking to establish a presence in Thailand, understanding the […]
Private Investigation in Thailand
Private investigation in Thailand are commonly used by businesses, law firms, and individuals seeking to gather intelligence, verify facts, or conduct surveillance. Operating in a legally complex environment, private investigators (PIs) must navigate privacy laws, corporate regulations, and cultural sensitivities while conducting their work. 1. Legal Framework for Private Investigators in Thailand Unlike some countries, […]
Thailand 90-Day Visa
The 90-day visa is not a standalone visa type in Thailand but refers to the duration of stay granted under specific visa categories. Commonly associated with Non-Immigrant Visas, it allows individuals to stay for up to 90 days, after which they must exit or apply for an extension depending on their visa type and purpose […]
Property Mortgages in Thailand
Property Mortgages in Thailand often involves navigating the mortgage landscape, a process that differs significantly from many Western countries. Thai banks and financial institutions offer various mortgage products to both Thai nationals and, under specific conditions, foreign residents. Understanding the intricacies of Thai property mortgages—ranging from eligibility criteria to legal frameworks—can help prospective buyers make […]
Property Leasehold in Thailand
Property Leasehold in Thailand. Leasehold property is a common option for foreigners looking to control property in Thailand, especially since direct freehold land ownership is restricted for non-Thai nationals. Under Thai law, leasehold agreements allow the lessee to lease property, typically for 30 years, with options for renewal. 1. What is Leasehold Property? Leasehold is […]
Arbitration in Thailand
Arbitration in Thailand is an increasingly popular method for resolving commercial disputes, especially in international and cross-border transactions. Governed by the Thai Arbitration Act of 2002, arbitration offers an efficient, flexible, and often less adversarial alternative to litigation in Thai courts. This article will explore the legal framework for arbitration in Thailand, the role of […]
Thailand SMART Visa
Thailand SMART Visa program is a unique initiative designed to attract highly skilled professionals, investors, executives, and entrepreneurs from around the world to live and work in Thailand. Launched in February 2018, this program represents a significant shift in Thailand’s immigration policies, focusing on fostering innovation and technology-driven industries within the country. This article will […]
Thailand Privilege Visa
The Thailand Privilege Visa, commonly known as the Thailand Elite Visa, is a long-term visa program designed to attract affluent individuals, business professionals, investors, and retirees to Thailand. This article provides an in-depth analysis of the Thailand Privilege Visa, including its benefits, membership packages, eligibility criteria, application procedures, and practical tips to ensure a successful […]