information below covers some frequently asked questions about owning and
renting property in Thailand. Find out here the answers to some of your
own property in Thailand?
you can own freehold property in Thailand and there is a process that is not
too complicated to follow. The property must be registered to a Thai limited
company of which a foreigner can own 39% with the other 61% being held by three
Thai shareholders. On registration, the Thai shareholders sign their share
transfer forms, which are all blank and undated, and all proxy voting forms are
signed and handed over. Alternatively, you can buy through a leasehold
agreement which, in the case of a condominium unit purchase, is renewable for
periods of 30 years. Alternatively you can buy a property in your own name in a
condominium development where Thai nationals own at least 51% of the units.
has attracted significant foreign investment to become one of the Asian
economic leaders. It is an ideal retirement location as taxation is low, food
and consumer products are reasonably priced, the people are delightful and most
of all the climate is warm and comfortable.
is much cheaper in Thailand than in the west and an increase in overseas
property purchase and investment has improved the country’s economy.
exotic destination with beautiful mountains, dense forests, stunning beaches
and most of all a warm climate have established Thailand as an ideal tourist
destination with universal appeal. Thailand is one of the cheapest places to
fly to in Asia. Suvarnabhumi Bangkok’s International Airport built in 2006 is a
modern, efficient entry point to the countries visitors and built 50 kms from
Bangkok delivers you to another world within the hour.
has good schools, an efficient health care system and it is seen as a friendly
country in which to live, visit or invest.
How do we travel
has three international airports Bangkok – Suvarnabhumi, which is the country’s
main International gateway, Chiang Mai in the north and Phuket in the south.
is serviced by all the main airlines - Thai Airways, Eva Air, Etihad, Qatar,
Emirates, British Airways, Qantas, Air Asia and many more.
What is the
direct flying time from Europe to Thailand?
time to Bangkok is approximately 12 hours.
Is a visa
required to enter Thailand?
can stay in Thailand without a visa for up to 30 days after which you should
apply to the Thai Immigration Office before the visa expires.
you will be in Thailand on business, you must apply for a "non-immigrant
category B" visa.
visas are available for foreigners over 50 years of age and are issued if you
can prove financial means and meet certain qualifications.
a foreigner buy land in Thailand in his own name?
foreigner cannot own land in his own name. He can purchase the land through his
Thai limited company or he can lease the land for 30 years usually with an
extra two 30 year options.
What are the differences between a
Tourist Visa and a Non-Immigrant Visa?
A Tourist Visa will be issued to
applicants wishing to enter Thailand for tourism purposes. You are not allowed
to work or conduct business with a tourist visa. On the other hand, a Non
Immigrant Visa is for foreigners who want to stay or work in Thailand.
A tourist visa is valid for 60 days and
can be extended 30 days at the nearest Immigration Office.
Non-Immigrant Visa (usually come with
Multiple-Entry) is valid for 12 months. With this visa type you will need to
exit and enter Thailand at least every 90 days to get a new entry stamp
allowing you to stay a further 90 days.
What is a Thailand Non-Immigrant Visa?
According to Thai Law, a foreigner must
apply for a Non-Immigrant Visa when you want to stay or work in Thailand (other
than for tourism).
The Non Immigrant visa is of special
importance, being the only visa for foreigners temporarily staying in the
Kingdom that entitles them to apply for work permits. Approval or rejection of
application for work permits is done according to the 1978 Foreign Labour Act,
section 11, which states that
"Foreigners applying for a work
permit according to section 7 must be residents of the Kingdom or have received
permission to temporarily stay in the kingdom according to the immigration
laws. They must not have received permission to stay in the Kingdom merely as
tourists or on transit..."
Common Non Immigrant Visas has several
categories depending on the purpose of your visit, however the most common are:
Business visa (B) for those who want to
conduct business in Thailand
Retirement for those who want to retire
and stay in Thailand
Dependent visa (O)
Getting a Non-Immigrant
Visa outside Thailand
Apply at a Thai Consulate or Embassy
The easiest way to obtain a
Non-Immigrant visa is to apply in your home country before arriving in
UK, Europe, and Australia are known for
being more generous and co-operative than Thai Embassies or consulates in Asia.
Always bring 2 passport size photos
with you when applying for a Thailand visa.
How can I get One Year Multiple-Entry
Your best choice is to obtain a
Multiple-Entry Non-Immigrant visa type B (Business Visa) which is valid
for 12 months. With this visa type you will need to exit and enter Thailand at
least every 90 days to get a new entry stamp allowing you to stay a further 90
What are Requirements for a
Non-Immigrant B (Business Visa)
A foreigner, who wishes to apply for a
Non-Immigration Visa under type B (Business), needs to meet one of the
Be employed by a Limited Company, in
such case, the foreigner needs to have applied for a Work Permit and received
approval from Department of Labour or;
Investing a minimum of 3 million Baht
in the Kingdom of Thailand by
- Deposit the money in a fixed account of a state bank
- Buy bonds issued by a state agency or government enterprise. The bonds must
be purchased directly from a state agency or government enterprise or an
- Buy an apartment or condominium at the price set and registered by the Land
- Any kind of investment deemed beneficial to the country by the Immigration Bureau
Note: The foreign national must
permanently possess the investment. If he wishes to change the kind of
investment, he must first ask for permission to change the kind of investment
and may then change to a new permanent type of investment.
Advantages of Getting Non-Immigrant B
Permanently stop expensive Visa Runs
Stop inconvenience and distress
Free to do business without any threat
of deportation or becoming a persona non-grata (99 year blacklist)
Easier to apply for a Thailand Work
Permit without having to leave the country
Ability to open a Thailand Bank Account
Remember to apply for a re-entry
In the case where an alien who holds
any kind of Visa for stay in the Kingdom wishes to travel abroad, the alien
must apply for a re-entry permit before their visa expires. A re-entry permit
allows the alien to re-enter the Kingdom and use the time remaining on their
visa and if applicable work permit. If a re-entry permit is not applied for,
the visa (and or work permit) will automatically be cancelled at departure,
although it may not have expired yet.
Confirm & Identify Your Correct
Preparation of Your Work Permit
Preparation of Letter of Employment
Assembly of All Required Documents
Factors to be aware of:
You must be present in Thailand on a
non-immigrant status entry permit, on both the day your work permit application
is submitted, and the day it is picked up.
Your work permit will expire on the
same date as the Visa entry permit you use to pick up your work permit. This
generally means that your first work permit - if issued against a 90 day entry
Visa permit, will have only 10 weeks validity, once issued. Most clients will
need to use work permit to apply for extended entry permit - and once that
entry permit extension is issued, apply for a renewed work permit whose
expiration date matches the new entry permit.
In most cases, for each work permit
issued to a foreigner, the sponsoring company must have 2 million baht
capitalization, and at least four Thai employees. If a company has four Thai
employees, plus 2 million baht paid-in capital for each work permit requested,
it is normally very easy to obtain a work permit.
A job description is often the determining
factor in the approval or denial of a work permit. Unless the written job
description requires skills that a Thai does not or is unlikely to possess, the
application will not be approved. Our licensed Thai lawyers are skilled in
writing professional and accurate job descriptions in order for you to gain
The work permit once approved allows
you to work at the noted company and location. If you change employers or place
of work, you must make a new application. Also if you resign or are terminated
or laid off, according to the law, within 10 days of this, you must return your
work permit to the Labour Department. Do not count on your company doing it. It
is your responsibility and you are liable to return it to the Labour
During the processing you must not let
your visa expire. The Labour Department's system links the non-immigrant visa
(extension of stay) you listed on your application to the work permit
paperwork. A typical time frame for approval of the work permit for a company
of 2 million baht registered capital is up to 2 months in Phuket but the
government is trying to reduce this.
To satisfy new government tax rules,
monthly salary of work permit holders generally needs to be at least 50,000
Baht (you must be paying monthly personal income tax on at least this amount).
Your Work Permit is connected to the
duration of your visa, so when your Extension of Stay expires, you will need to
renew your work permit. If you have an unexpired multiple-entry visa, all you
have to do is go over the border and then return. If required to go outside
Thailand to obtain a new visa, you will need to provide the Embassy or
Consulate with copies of your work permit and new recommendation letter from
your company, company registration documents, and financial and tax reports.
This must be done prior to your work permit expiration.
Ensure Visa is renewed at least 3 days
prior to expiry to avoid any delays to renewal of work permit.
Is a foreigner allowed to work right
after he has filed a work permit application?
only when the work permit has been granted.
What is the required minimum ratio of
local employees to foreigners in a company that applies for a work permit in
Thailand for its foreign employees?
shall be a minimum of 4 local (Thai) employees per 1 foreigner.
How many shareholders are required
under Thai Law?
What is the income tax rate in
income tax is imposed at a progressive rate ranging from 5 percent to 37
percent. Corporate income tax is imposed at a rate of 30 percent of net
Are payments by a Thai juristic person
to a foreign juristic person subject to any Thai income tax?
Payments of certain types of income, usually in the form of service fees,
royalties, interest, dividends, rent or professional fees from or in Thailand
to a foreign juristic person not carrying on business in Thailand are subject
to income tax in the form of a withholding tax at a rate of 15 percent, except
for dividends, for which the rate applied is 10 percent.
What is the Thai income tax imposed on
a foreign juristic person carrying on business in Thailand?
a foreign juristic person carrying on business in Thailand, the income tax
imposed is 30 percent corporate income tax on net profits and 10 percent profit
remittance tax on profits remitted or deemed remitted abroad.
Is there a specific capital gains tax
is no specific capital gains tax in Thailand. Capital gains are subject to tax
in the same manner as any other forms of income.
Is there a sales tax in Thailand?
is value added tax of 7% (VAT) instead of a sales tax. The VAT is imposed on
sales of goods, provision of services and import of goods into Thailand .
What do property costs average on a
fees, taxes and transfer costs will come to 2-3% of the property purchase
Who pays costs of property purchase?
is customary in Thailand for the buyer and seller to share the costs of the
What are the costs involved in making a
Lease or freehold set up fees
Transfer fees 0.01%
Stamp duty 0.5%
Business tax 0.1%
Income tax (Thai equivalent to capital
gains tax at variable rate)
About Hua Hin
Located just 200 km (roughly 2 hours) south of Bangkok, Hua Hin
is the favoured coastal resort of the Thai Royal Family. This in turn has made
the town an attractive destination for both well to do Thai’s and foreign
From its origins as a small fishing village, Hua Hin has grown
into a mature seaside resort appealing to an audience who want a different
experience of Thailand.
The King’s Summer Palace - Klai Kang Won
(literately translated from Thai this means Far from Worries) is located
on the outskirts of the town and His Majesty and the Royal family live there
for a good portion of the year. This has ensured that development is closely
controlled and you will not see the hedonistic, in your face entertainment
found in Pattaya and Phuket.
Hua Hin has retained its relaxed atmosphere but has all of the
services that you would expect in an international town.
Shopping in Hua Hin
In February 2006 the Hua Hin Market Village was opened on
the main Petchkasem Road, just south of the town centre and was an instant
hit with locals, expats and holiday makers alike.
It’s not hard to see why this huge shopping and entertainment
complex receives thousands of visitors on a daily basis. The facilities and
quality of shopping are of the highest standard.
• A large branch of
• Home Pro
• Many high quality
designer clothes shops
international brand names
• Small shops and
stalls selling local art, jewellery and one off items
• a selection of
International and Thai restaurants
• A cinema with four
screens, showing the latest Thai and
• Ten Pin Bowling
Before the opening of the complex many items could only be found
in Bangkok. This well designed building has plugged that gap and continues to
go from strength to strength.