A title search in Thailand is an essential step in any property transaction, ensuring that the land or property has clear ownership, no encumbrances, and complies with legal requirements. This comprehensive guide covers the processes, legal framework, and practical considerations for conducting a title search in Thailand. 1. Legal Basis for Title Searches Title searches […]
Thai business partnerships offer a flexible structure for foreign and Thai entrepreneurs alike, with each type catering to different risk profiles, liability concerns, and control requirements. Governed by the Thai Civil and Commercial Code, there are three main types of partnerships in Thailand: Unregistered Ordinary Partnerships, Registered Ordinary Partnerships, and Limited Partnerships. Each has distinct […]
A Foreign Business License (FBL) is a legal authorization that allows foreign companies to engage in certain restricted business activities under Thailand’s Foreign Business Act (FBA) B.E. 2542 (1999). The FBA classifies restricted businesses into three categories, with foreign ownership being limited or controlled in these sectors. To operate legally within these restricted sectors, foreign […]
Registering a company under the Thailand Board of Investment offers numerous fiscal and non-fiscal incentives. However, to qualify for this type of support companies must satisfy financial prerequisites and comply with BOI guidelines. This includes a minimum capital requirement and strict accounting procedures. It also prioritizes projects that develop competitiveness. Company and corporate structure The […]
The US-Thai Treaty of Amity creates a favorable environment for American businesses to operate in sectors such as real estate development and live entertainment organizations. However, to benefit from the privileges outlined in the Treaty, companies must adhere to specific requirements. For example, American citizens can own the majority or entire company and are exempt […]
Set Up a Representative Office is a business structure that allows a foreign company to evaluate the market in Thailand without paying corporate income taxes. However, it is limited to performing non-revenue-generating activities and cannot accept purchasing orders or make offers for sales. Moreover, it must report back to its head office on the local […]