Usufructs in Thailand
Usufructs in Thailand (known in Thai as “สิทธิ์ใช้อาศัย” or “สิทธิเก็บกิน”) is a real right under the Civil and Commercial Code (CCC) that allows one person (the usufructuary) to use and benefit from another’s immovable property, usually land or a house, without acquiring ownership. The right is personal and non-transferable unless otherwise agreed, and it can […]
Long-Term Resident Visa Thailand
The Long-Term Resident Visa Thailand is a transformative residency program launched in 2022, designed to provide qualified foreigners with long-term stability, financial benefits, and lifestyle privileges. Offering a 10-year residency, the LTR Visa is part of Thailand’s strategic initiative to attract high-net-worth individuals, retirees, skilled professionals, and remote workers. But beyond its basic structure, the […]
Foreign Business Act
The Foreign Business Act B.E. 2542 (1999) (“FBA”) is Thailand’s central legal instrument governing the participation of foreign nationals and foreign-owned entities in business activities within the Kingdom. The Act identifies certain types of businesses that are either prohibited or restricted to foreigners, unless special permission is obtained. Though aimed at protecting national interests and […]
Escrow Accounts in Thailand
Escrow Accounts in Thailand. Escrow accounts serve as a critical financial instrument in Thailand’s real estate and business transactions, providing security and trust between transacting parties. These accounts, which hold funds or assets in trust until contractual conditions are met, play an increasingly important role in high-value transactions involving foreign investors, property purchases, and corporate […]
Thai Limited Company Registration
A registered limited company is the preferred business structure for most foreign investors in Thailand. It offers the benefits of a legal entity, with financial liability restricted to the amount invested by shareholders. Registration requires the submission of several documents and compliance with local regulations. The process can be complex and time consuming. Company name […]
Thai Will and Succession
If a person dies without leaving a will, his assets and possessions are distributed among his statutory heirs under Section 1635 of the Thai Civil and Commercial Code. These include descendants; parents; brothers and sisters, including half-brothers and half-sisters; grandparents; and uncles and aunties. A valid will can be made in the form of a […]
Property Title Transfer in Thailand
Property Title Transfer in Thailand is a critical step in ensuring legal ownership rights and protecting your investment. This process requires careful attention to Thai laws and regulations, as well as knowledge of necessary documentation, procedural steps, fees, taxes, and potential challenges. The most preferred land title deed in Thailand is the Chanote (Nor Sor […]
Sales Contract Review in Thailand
A Sales Contract Review is a critical due diligence service for foreign buyers in Thailand. This process clarifies ambiguity, reduces liability, and strengthens the buyer’s position in case of a dispute. It also ensures that the contract includes accurate information and complies with government regulations. A lawyer specializing in this process will read the contract […]
Common Risks of Skipping Due Diligence in Thailand
When it comes to property transactions in Thailand, whether for personal, investment, or business purposes, conducting due diligence is an essential step to safeguard your interests and ensure the legitimacy of the deal. However, skipping or rushing through the due diligence process can lead to significant risks that can result in financial loss, legal battles, […]
Prenuptial Agreement in Thailand
Drafting a prenuptial agreement in Thailand is an important legal document to consider. It will help to prevent unjustified claims by your spouse in the event of a divorce. The document also protects your assets in the event of a divorce. However, it is important to consult with an experienced lawyer for drafting the document. […]
