Thailand Law Blog
American Company Applying for BOI Incentives
Companies incorporated in the U.S. or majority-owned by Americans are often eligible for incentives from Thailand’s Board of Investment (BOI). For example, BOI promoted businesses are automatically granted a business licence. Investment Promotion Criteria Regulations set requirements for each industry and sub-industry eligible for the promotion. The Board considers the business plan, the viability of […]
How to Own Real Property in Thailand
Buying real property in Thailand can be a valuable investment for foreigners if you do your homework and make sure to do it properly. When making your plans you need to take into account the limitations on foreign land ownership and Thai tax law. Check our How to Buy Property in Thailand page. The easiest […]
Notary Public in Thailand
In many countries, a notary public is an official who is licensed by the government to authenticate signatures or documents, and witness affidavits or statements of persons under oath. In general, a Thailand notary public has no authority to act when not in the jurisdiction of the government where the notary is licensed. Notarization of […]
Visas at the US Embassy in Thailand
The United States Embassy in Thailand, located at 120/22 Wireless Road in Bangkok, is one of the largest embassies in the world. Among other functions, the Embassy processes US visa applications. The Visa Section at the US Embassy Thailand serves foreigners who would like to enter the U.S. While the Embassy recommends that all foreigners […]
How to Start a Business in Thailand
If you want to start a business in Thailand, you can set up your business in a number of ways. If you have an international business, you may wish to set up a Thai branch office, Thai representative office or Thai regional office to take advantage of local business opportunities and possible tax advantages. Sole […]
Sale and Purchase Agreements
If you are considering purchasing property in Thailand, you will want to be familiar with sale and purchase agreements. While you should always consult a reputable attorney and conduct due diligence before signing any agreement obligating you to purchase a property, you can learn from a careful review of any contract or agreement offered. In […]
Foreign Ownership of Industrial Land in Thailand
Although the Thai Land Code generally prohibits foreigners from owning land, one notable exception applies to land located within an industrial estate under the Industrial Estate Authority of Thailand Act of B.E. 2522 (1979), as amended. Under Section 44 of the aforementioned Act, foreign entrepreneurs are allowed to own industrial estate land to conduct business, […]
Legal Barriers to Escrow in Thailand
Finding escrow services in Thailand can be hard, but there are a few legal options. Some large international developers will cooperate with their buyers to use offshore escrow services in certain situations. However, the use of offshore financial institutions can add additional risk due to currency exchange issues. In some situations, the parties to a […]
Practical Barriers to Escrow
In some countries, such as the US, the use of escrow services when executing a property purchase is widely accepted as a way to reduce the risk inherent in the transaction. However, any type of escrow arrangement in Thailand is very rare, for legal, cultural, and practical reasons. Even for buyers who want to use […]
How to Make a Thai Will
Foreigners living in Thailand and those owning immovable property in Thailand usually need a Thai will. It is a good idea to work with an international law firm, such as Siam Legal, to ensure that your estate plan complies with Thai law. Thai law provides that if you are competent to draft a will in […]
