Doing business in Thailand | Investments | Real estate | Taxes | Market entry | Relocation | Visas
Thailand’s New Notification on Condominium Reservations The Office of the Consumer Protection Board’s (OCPB) Contract Committee has issued the Notification Prescribing the Business of Selling Condominium Units Through Reservations as a Contract-Controlled Business B.E. 2567 (2024). Published in the Government … Read more
Land and Buildings Tax in Thailand The new Land and Buildings Tax Act has been in effect since January 1, 2020. This tax replaces the previous taxes that were essentially income taxes on rent, rather than a property tax. Taxpayers … Read more
Condominium in Thailand Foreigners can own condo units in condominiums. Condominiums are registered multi-unit buildings licensed by the Land Department, governed by the Condominium Act B.E. 2522 (1979). In Thailand, besides condominiums, there are multi-unit residential buildings where individual unit … Read more
Understanding Leasehold in Thailand In Thailand, “freehold” and “leasehold” arrangements are commonly used, though they have distinct meanings. Freehold provides full, unconditional ownership rights, while leasehold confers the right to use and occupy land for a specified period without ownership. … Read more
Land Ownership in Thailand As a general rule, foreign individuals and entities cannot own land in Thailand. Companies registered in Thailand where foreigners hold more than 49% of capital, or where the majority of shareholders are foreign, are also considered … Read more