Importance of Thai Will and Succession
Estate planning is a crucial aspect of life that ensures the smooth transfer of assets, protects loved ones, and prevents disputes after death. In Thailand, having a clear and legally valid will and understanding the rules of succession is particularly important for both Thai nationals and foreign residents. Whether you own property, operate a business, […]
Structures of Intellectual Property in Thailand
Intellectual Property (IP) plays a vital role in fostering innovation, encouraging creativity, and ensuring fair competition in the marketplace. As Thailand continues to evolve into a knowledge-based economy and regional hub for trade, the protection and enforcement of intellectual property rights (IPRs) have become increasingly important. The legal structures governing intellectual property in Thailand are […]
Benefits of Buying Property in Thailand
Thailand, known for its stunning beaches, vibrant culture, and welcoming lifestyle, has become a popular destination for both tourists and long-term residents. Over the past few decades, it has also attracted a growing number of foreign investors and expatriates interested in purchasing real estate. From luxury beachfront condos to quiet countryside homes, Thailand offers diverse […]
7 Legal Requirements for Property Title Transfer in Thailand
Transferring property ownership in Thailand is a complex legal process that involves several regulatory steps and compliance with Thai property laws. Whether you’re a foreign investor purchasing a condominium or a Thai citizen acquiring land or a house, understanding the legal requirements is crucial to ensure a smooth and valid transaction. Title transfer is not […]
Sales Contract Review in Thailand
In any commercial transaction, a sales contract serves as the backbone of the agreement between the buyer and the seller. It outlines the rights, responsibilities, obligations, and remedies of the involved parties. In Thailand, whether you’re purchasing real estate, equipment, goods, or even a business, the sales contract must comply with Thai laws and protect […]
Common Risks of Skipping Due Diligence in Thailand
Due diligence in Thailand is a vital process that involves thoroughly investigating and verifying facts before making a legal or financial commitment, particularly in property transactions, company acquisitions, partnerships, and business ventures. In Thailand, where local laws, regulations, and language barriers can pose unique challenges to foreign investors and even Thai nationals, skipping due diligence […]
Property Leasehold in Thailand
Property Leasehold in Thailand. Leasehold property is a popular method for foreigners and businesses to gain long-term access to land, villas, apartments, or commercial spaces in Thailand without owning the property outright. Leasehold rights provide a secure form of property tenure that allows lessees to use and enjoy the property for a specified period under […]
Escrow Accounts in Thailand
Escrow accounts in Thailand serve as a secure mechanism to facilitate transactions, particularly in real estate and other high-value dealings. Managed by neutral third parties, these accounts protect both buyers and sellers by ensuring that funds or assets are released only when predefined conditions are met. Governed by the Escrow Act B.E. 2551 (2008), escrow […]
Usufructs in Thailand
Usufructs in Thailand. The Thai property market caters to a wide range of interests, attracting both those seeking to purchase property outright and those interested in temporary use rights. If you’re considering enjoying the benefits of a Thai property without the full commitment of ownership, a usufruct might be the perfect solution. Let’s explore what […]
Property Market in Thailand
Property Market in Thailand. There are difficulties in Thailand’s real estate sector even with its expansion and promise. Factors like excess inventory in specific regions, erratic real estate values, and intricate legal matters may affect the profits and returns of investors. Thailand’s real estate industry has grown steadily throughout the years, propelled by elements including […]