Tag: thailand
Litigation in Thailand
Litigation in Thailand. Thailand follows a civil law system, heavily influenced by German and French models. Its legal framework is codified into statutes, and judicial precedent is not binding, although Supreme Court decisions (known as Dika decisions) are considered persuasive. Key features include: Inquisitorial elements: Judges take an active role…
Property Leasehold in Thailand
Property Leasehold in Thailand. In Thailand, foreign nationals are largely prohibited from owning land directly under the Land Code Act. As a result, leasehold agreements have become one of the principal methods through which foreigners secure rights to occupy and use property — particularly residential homes, villas, and commercial premises….
Thailand Income Tax
Thailand Income Tax is governed by the Revenue Code, a legal instrument administered by the Revenue Department under the Ministry of Finance. The code outlines taxation obligations for individuals, juristic persons (corporate entities), and certain non-resident earners of Thai-sourced income. The country operates on a self-assessment regime, placing the onus…
Escrow Accounts in Thailand
Escrow accounts in Thailand are a critical financial tool used to facilitate secure transactions, particularly in high-value deals such as real estate, mergers and acquisitions, and international trade. In Thailand, the use of escrow accounts has grown in prominence as the country’s economy continues to integrate with global markets. However,…
Thailand Long-Term Resident Visa
The Thailand Long-Term Resident Visa is a policy-driven legal residency scheme launched by the Thai government in 2022. Its purpose is to attract specific categories of foreign nationals whose presence in Thailand is expected to yield sustained economic and intellectual value. Unlike traditional visa types that focus on short-term residence or…
Property Due Diligence in Thailand
Due diligence on a property is a crucial phase in the purchase of real estate in Thailand. It entails performing a comprehensive examination of the property to make sure the buyer is making a wise investment and that there are no ongoing legal matters or disputes. The following are some…
Litigation in Phuket
The Kingdom of Thailand is a country that is well-known for its civil laws, which are codified and apply to all cases. Its legal system is also very flexible, meaning that it can handle a broad range of disputes from simple contracts and property ownership to complex commercial litigation, criminal…
Property Title Transfer in Phuket
When it comes to Property Title Transfer in Phuket Thailand, there are several factors that should be considered. These include the type of property you are purchasing, the price you are paying for the property and your ability to complete the process of ownership transfer in a timely manner. Land…
Importance of Sales Contract Review in Phuket
When you have found the right property to buy, a sales contract is usually drawn up between you and the seller. This can be in Thai or English and should be reviewed by a lawyer before it is signed. This is important as it will guarantee that the deal is…
Marriage Requirements in Phuket
If you are planning on getting married in Phuket Thailand, there are several requirements to follow. These include having your marriage legalized by the Ministry of Foreign Affairs and ensuring that it is recognised by your country of origin. The first step is obtaining an Affidavit at your Embassy in…