Thailand Elite Visa
The Thailand Elite Visa, rebranded in October 2023 as the Thailand Privilege Visa, is a long-stay residency program administered by Thailand Privilege Card Co., Ltd. (TPC)—a state-owned enterprise under the supervision of the Tourism Authority of Thailand (TAT). It was originally established by the Cabinet under the “Thailand Elite Card Project” in 2003 and operates […]
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 […]
Marriage in Thailand
In Thailand marriage is only legally binding once all documents have been formally registered at the local district office (known as an ‘amphur’ or ‘khet’ in Thai). This will normally take at least 4 days taking into consideration weekend and public holidays. Most women who have taken this life-trajectory reported that their lives had improved […]
US-Thai Treaty of Amity
The US-Thai Treaty of Amity, also known as the “Amity” Treaty, is a vital tool for fostering trade and economic cooperation between the United States and Thailand. It allows for American citizens to incorporate Thai companies with a majority of American shareholders and engage in a wide range of business activities. National Treatment The US-Thai […]
Registering a Company Under the Thailand Board of Investment
Registering a company under the Thailand Board of Investment offers a variety of benefits. However, it is important to understand the requirements and limitations of BOI promotion before applying. The process is complicated and involves presenting a project to BOI officers. The officers often ask for complementary information and make sure the numbers make sense. […]
Thai Will and Succession
In the vibrant tapestry of Thailand, where ancient traditions interweave with modern landscapes, understanding inheritance and succession laws becomes an essential thread for weaving a secure future for yourself and your loved ones. This guide delves into the intricate realm of Thai will and succession, empowering you to navigate this complex labyrinth with clarity and […]