Usufruct in Thailand
Usufruct in Thailand. For foreigners interested in Thailand’s property market, land ownership presents a hurdle. Thai law restricts foreign direct ownership of land. However, a legal mechanism called “usufruct” offers a compelling alternative, granting foreigners rights to use and enjoy property for a predetermined period. Ownership Imagine having a vacation home in Thailand, but without […]
Buying a Condo in Thailand
Buying a condo in Thailand can be an exciting and rewarding investment opportunity, offering both a place to call home and the potential for rental income or capital appreciation. However, navigating the process of purchasing property in a foreign country can be daunting, especially for first-time buyers. Understanding the steps involved and seeking professional guidance […]
Title Search in Thailand
Title Search in Thailand. Investing in real estate is a significant undertaking, and ensuring the legitimacy of property ownership is paramount. In Thailand, conducting a thorough title search is a crucial step in the real estate transaction process. This article delves into the importance of title searches in Thailand, the legal framework surrounding property titles, […]
Property Taxes in Thailand
Property Taxes in Thailand. For those investing in the dynamic real estate market of Thailand, understanding the intricacies of property taxes is crucial. This article serves as a comprehensive guide to property taxes in Thailand, covering the types of taxes, tax rates, and key considerations for property owners. I. Types of Property Taxes in Thailand […]
Property Market in Thailand
The property market in Thailand has experienced significant growth and transformation over the years, attracting both local and international investors. As one of Southeast Asia’s most popular tourist destinations and a rapidly developing economy, Thailand offers a diverse range of opportunities for real estate investment. In this article, we will delve into the latest property […]
Intellectual Property Rights in Thailand
Intellectual Property Rights in Thailand. Intellectual Property Rights in Thailand are protected and governed by various laws and regulations. Here are the key types of IPR and the corresponding legislation in Thailand: Trademarks: Trademark protection in Thailand is governed by the Trademark Act B.E. 2534 (1991) and its amendments. The Department of Intellectual Property (DIP) […]
Buying Property in Thailand
For foreigners, purchasing property in Thailand might be a challenging procedure; however, in general, the following stages will be necessary: 1. Check your eligibility: Foreigners are generally not allowed to own land in Thailand, but they can own condominium units or lease land for up to 30 years. Before you begin the process, make sure […]
Property Title Transfer in Thailand
Transferring property titles in Thailand can be a complex process, but the following steps will generally apply: 1. Check the property’s title: Ensure that the title is legitimate and free of encumbrances, such as mortgages or liens. 2. Draft a sale agreement: The seller and buyer must agree on the terms and conditions of the […]
Title Deed Transfer in Thailand
Thai law allows a title deed to be transferred between people, but there are many differences between a Chanote and a Sor Kor Nung (S.K.1) title. In this article, you will learn about the difference between a Chanote and a NS-2 title deed, as well as a Thai condominium deed. If you own a Thai […]
The Importance of Legal Review of Contracts in Thailand
Legal review of contracts is essential for a variety of reasons, including foreign property purchases and luxury property. While a top government official might draft a contract in a rush, you may want to hire an experienced lawyer to make sure the contract is fair and clear. A lawyer’s review can uncover hidden issues and […]