FBA (FOREIGN BUSINESS ACT) According to the Foreign Business Act of 1999 (the “FBA”), there are three types of business activities: List 1: Business Not Permitted to Foreigners (Publishing and broadcasting, agriculture, forestry, fishing and trading in real property, etc.) List 2: Business Permitted to Foreigners under Conditions (National security,…

In Phuket, foreigners interested in investing in property have limited options: they are not permitted by law to own land and the only property they can directly acquire are condominiums. However, they cannot own more than 49% of the value or area of the whole condominium project. Leasing land is another way…

In many occasions, obtaining legal assistance is perceived as a luxury. This notion can be attributed to the sky-rocketing costs of consultation fees. Immigration lawyers may charge flat or hourly rates. According to the latest rates, the average remuneration of these professionals ranges from $75 to $150. Some would ask…

I am married to a Thai citizen and I wish to purchase a property in Phuket. Do I need to be in Thailand before I can purchase that property? This is usually what foreigners ask when they want to purchase property in Thailand. The answer to the question might not…

One common question that always comes to the mind of expatriates has been the limited ownership of property in Thailand. You may note that there are restrictions to ownership. Basically, you would need to sign a document that you have no claim on the land which your wife is buying…

If you own property in Phuket such as a condo you might want to place it on the market to rent it to expats or tourists. There will be the need for a lease agreement in Thailand however there are also other issues. You can rent out the property however…

Attorneys in Phuket, an international law firm, is Thailand’s largest legal services network. With more offices in Thailand than any other law firm, we can assure you of assistance wherever you are in the Kingdom. You can contact us via our toll-free telephone numbers or click the chat now button…

Many tourists do not always want to buy property in Phuket however there are other options such fractional ownership. Though this method is not very popular, it has taken root on the island. The Alternative Ownership Conference – Asia Pacific conference in Phuket this month has been interesting as it…