Day: September 6, 2012

Buying a Condo in Thailand

Buying a Condo in Thailand

The laws in Thailand restrict non-citizens of Thailand from owning land. However, visitors and business people who wish to own a home can buy a condominium or similar smaller properties. According to Thai law, foreign nationals cannot hold more than 49% of shares in any Thai company that owns freehold land. This is also a way to prevent foreigners from owning the land through a company or other business. Thailand is a tropical paradise full of beaches and rain forests. Living here is like being on vacation all year! Speak to a property lawyer in Samui first before signing any property or rental agreements when in Thailand.

Marriage in Thailand

Getting Married in Thailand

To marry in Thailand, you have to first get into Thailand with a regular visitor’s visa or a Business Visa. You can also arrive with a VOA (Visa on Arrival) at the airport which gives you 30 days access to Thailand. Once there, you will have to find the rules and regulations of your own country (go to your own embassy in Bangkok) and prepare the paperwork to get a “freedom to marry” certificate stating that you have no prior obligations in your country.

Importation in Thailand

Importing into Thailand

We should be aware of the import restrictions, taxes and added duties for each item that we will import. For example, USA has a quota on clothing imports. The duty and the fees imposed by countries depend on the type of items, whether they are restricted, etc. Also, it is best to arrange a meeting with a local government in your city or state as well as to contact a lawyer in your area who specializes in import-export business dealings.

Business Registration in Thailand

Setting up Business in Thailand

The procedure for Company Registration in Thailand is fairly straightforward. The first step is to select a company name. The name must be available in the country. It must also be registered within three months of the Statutory Meeting. If this date is extended, it must be justified. The director of the company must sign a statement verifying that all shareholders have paid their subscription. The registration fee is THB 5,500 per THB 1 million registered capital. After company registration, the company must apply for a corporate tax ID card within 60 days of incorporation.