Foreign businesses in Thailand must comply with specific minimum capital requirements. These amounts differ depending on a multitude of variables, including the type of entity, the type of activity, the number of foreign employees, and whether the entity requires a Foreign Business License (“FBL”), a Foreign Business Certificate, or received promotion from Thailand’s Board of Investment (“BOI”).
Estate planning is an important if not essential task that everyone should be concerned about. This is especially true if you are married or have children, if you own a business or hold substantial assets that you want to protect if you pass away or are incapacitated, particularly in today’s global environment where families, residences, domiciles, and assets can be located across multiple jurisdictions.
Thailand is growing in popularity as a destination for expats to call their new home. However, many foreigners believe they must be employed with a work permit, marry a Thai, or wait until they are 50 years old to apply for a retirement visa, or otherwise risk being denied entry by immigration officials by making multiple visa runs across the border. In fact, there are other options for those with reasonable means. While not a solution for everyone, investment visas are available to those who have five, ten, twenty, or forty million baht in qualified investments in Thailand.
Foreigners who want to make a home in Thailand generally may not be able to buy land, but they can purchase a condo as long as they meet certain criteria. The requirements are not that arduous, although there is some confusion regarding the source of funds. This article will shed some light on the process and requirements for buying a condominium in Thailand.
If you plan on residing in Thailand for an extended period, becoming a permanent resident may be an option over applying for a visa or annual renewal. Once a year, the Immigration Department begins accepting permanent resident applications, usually from October to December; however, this year (2019), the application window was opened in July.
At GPS Legal, we get many inquiries about starting a business in Thailand. We often find that these entrepreneurs have received misleading or even completely erroneous information. In this article, we would like to discuss land ownership by businesses in Thailand.
At GPS Legal, we get many inquiries about starting a business in Thailand. We often find that these entrepreneurs have received misleading or even completely erroneous information. Here, we would like to address some misconceptions about the need for a Thai director and staff.
At GPS Legal, we get many inquiries about starting a business in Thailand. We often find that these entrepreneurs have received misleading or even completely erroneous information. We would like to take this opportunity to address these misconceptions.
We recently offered an overview of Thailand’s Board of Investment (BOI) certification program, whereby companies can qualify for certain promotions or privileges if they meet certain criteria. But are these BOI privileges worth the application for and the maintaining of the qualifications?
Although in affect since 1979, TM30 filings were loosely enforced and mainly expected from hotels, focusing on travelers with tourist visas. However, over the last few years, Thai police and immigration authorities have looked to TM30s to keep track of foreigners, particularly those here illegally through overstayed visas or involved criminal acts. Since they may not necessarily be staying at hotels, the full definition of the law is now being enforced. Unfortunately, this resulted in increased bureaucracy for all foreigners, especially those with long-term visas who plan on renewing them.