Author Archive: Siam Legal International
Siam Legal is an international law firm with experienced lawyers, attorneys, and solicitors both in Thailand law and international law. This Thailand law firm offers comprehensive legal services in Thailand to both local and foreign clients for Litigation such as civil & criminal cases, labor disputes, commercial cases, divorce, adoption, extradition, fraud, and drug cases. Other legal expertise of the law firm varied in cases involving corporate law such as company registration & Thailand BOI, family law, property law, and private investigation.
Renunciation of Thai Citizenship Application Process
Here are the timeframes of Thai citizenship renunciation under the Nationality Act B.E. 2508 (1965). Renunciation for a Thai Citizen Married to a Foreign Spouse under Section 13 (Total 325 Days) Applicant applies with competent officials through: An embassy or a consular (overseas domicile). The Police Commander, Special Branch Bureau of Royal Thai Police (Bangkok […]
Procedures for Thai Citizenship Application
Here are the timeframes of the Thai citizenship application under the Nationality Act B.E. 2508 (1965). Applying a Thai Nationality for a Thai Spouse under Section 9 (Total 475 Days) Applicant applies with competent officials through: An embassy or a consular (overseas domicile). The Police Commander, Special Branch Bureau of Royal Thai Police (Bangkok domicile). […]
Relations Between Inheritance Tax and the New Thai Tax Law
Receiving Inheritance from Overseas and Bringing it to Thailand Any individual holding Thai citizenship or a Thai resident residing for 180 days or more who receives a foreign-source inheritance and brings them into Thailand is subject to taxation under the new tax law. In contrast, an individual who is not a Thai resident (residing 180 […]
Inheritance Tax: An Overview
What is it? Any asset obtained collectively through inheritance with a total value exceeding 100 million THB is subject to taxation at a rate ranging from 5% to 10% of the total value. Who is Subject to this Taxation? There are 4 categories that would make a person subject to paying inheritance tax as defined […]
Relationship Between the New Thai Tax Law, Retirement Visa Holders, and Long-Term Residency
Income from Business Operations Incomes received from business operations in Thailand or overseas but brought into Thailand are subject to income tax under the new taxation law at rates ranging from 5% to 35%. On the other hand, if you receive income as a business entity, you will be subject to corporate tax at 20%. […]
Thailand’s New Tax on Foreign Income: An Overview
Section 41 of the Revenue Code This provision requires an individual to pay income taxes to the Revenue Department of Thailand under the following conditions: The individual is: A Thai citizen. A Thailand resident who filed taxes in the previous tax year. Foreigners living in Thailand for one or more periods totaling at least 180 […]
Is Weed Legal in Thailand?
Thailand recently made a groundbreaking decision, becoming the first Asian nation to decriminalize all parts of the cannabis plant. This move signifies a shift away from traditional drug policies and represents a significant change in how the country views weed or cannabis. The journey to this point in Thailand’s cannabis policy has seen important milestones. […]
Thai Citizenship Application Process 2024
Foreigners who have stayed in Thailand for a considerable amount of time have come across many obstacles in attempting to extend their stay, starting a business, or owning properties in the Kingdom, not to mention the hassle of filing a report every 90 days. One way to eliminate those hurdles is to become a Thai […]
Laws Governing Thai Limited Companies
Nature and Formation of Limited Companies Section 1096 of the Civil and Commercial defines a limited company as that kind of which is formed with a capital divided into equal shares and the liability of the shareholders is limited to the number of shares respectively held by them. Any three or more persons may, by […]
Introduction to Force Majeure
“Force majeure” (“FM”): FM, also referred to as an Act of God, addresses the scenario when performing a contract or obligation becomes impossible, difficult, or onerous to perform due to exceptional events outside of either party’s control. Typically, a party prevented from fulfilling its obligations by such events is temporarily relieved from complying with those obligations […]
