The Risks of Purchasing Land or Owning a Business Using Thai Nominees

                                            Using Thai nominees to own a business or purchase land as a foreigner in Thailand has become an increasingly popular way to circumvent Thai land and business laws in recent years. Under current Thai law, foreigners are only allowed to purchase land or own a business if they take the proper legal steps. Many foreigners find this troublesome though and resort to finding Thai nominees who will sponsor the ownership of the land or business as … [Read more...]

                                  Insects as a Staple Food in Thailand-Interview with AFFIA Co-Creator Nathan Preteseille

                                  Would you eat cricket pasta? AFFIA- Asian Food and Feed Insect Association is a Bangkok based association that promotes insects as “food and feed”. According to their website, AFFIA’s main objective is to bring “industry and research stakeholders from the insects’ sector in a collaborative movement towards the development of entomoculture, entomophagy and their related activities.” This video was sponsored by Chaninat & Leeds, Thailand’s leading family law firm … [Read more...]

                                  Thailand Passes First Debt-Collection Law to Stop Abuse

                                  A new debt-collection law that prohibits the use of abuse to collect debts and imposes new penalties was approved and will take effect within the next 6 months, reports Thai PBS. A first inThailand’s history, the new law makes it illegal for debt collectors or credit lenders to get their money back through the use of abusive, threatening or deceptive practices such as public announcement of debtor’s names, false representation as a lawyer or government official, or imposing unfair … [Read more...]

                                  Thailand Land and House Property Tax Rate Approved

                                  Thailand’s Finance Ministry has proposed a new tax rate for land and buildings and has widened the ceiling tax waiver in a new effort to ease public concern over the imminent property taxes, reports the Bangkok Post. The Ministry has proposed a 0.1 percent, 0.05 percent and 0.2 percent tax for residential homeowners, farmers who own agricultural land and landlords for commercial land, respectively. Unutilized or vacant land would be taxed 0.5 percent. Chaninat and Leeds’ Thailand real … [Read more...]

                                  Thailand Company Registration

                                  Thailand Law provides for several different types of business organizations. The regulations controlling establishing a business in Thailand are found in the Thailand Civil and Commercial Code. Special types of Business entities for foreigners (non-Thai nationals) in Thailand are provided for in laws such as the Board of Investment Act and the Foreign Business Act B.E 2542 (A.D. 1999). The most commonly used types of Company registrations in Thailand take on the following forms: Thailand … [Read more...]

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